Summary
This Amendment to Form 8-K filed by American International Group, Inc. (AIG) on January 29, 2010, pertains to the unredaction of Schedule A of the Shortfall Agreement between Maiden Lane III LLC and AIG Financial Products Corp. This agreement was originally dated November 25, 2008, and amended on December 18, 2008. The primary purpose of this filing is to provide the full, unredacted contents of Schedule A, which was previously confidential under an SEC order. This unredaction is a result of the public disclosure of the agreement's full contents. Investors should note that this filing is an amendment to provide more transparency on a specific financial agreement related to AIG's financial restructuring during that period.
Key Highlights
- 1AIG is filing an amendment to its 8-K to release an unredacted version of Schedule A to the Shortfall Agreement.
- 2The Shortfall Agreement is between Maiden Lane III LLC and AIG Financial Products Corp.
- 3The original agreement date was November 25, 2008, with an amendment on December 18, 2008.
- 4The previously redacted information in Schedule A was deemed confidential commercial or financial information.
- 5This unredaction is prompted by the recent public disclosure of the full contents of Schedule A.
- 6The filing provides increased transparency regarding a significant financial agreement during AIG's restructuring period.
Frequently Asked Questions
The main purpose of this 8-K Amendment is to file an unredacted version of Schedule A to the Shortfall Agreement between Maiden Lane III LLC and AIG Financial Products Corp., following the public disclosure of its full contents.
Schedule A was previously redacted because the information qualified as confidential commercial or financial information under the Freedom of Information Act, and an SEC order had granted confidential treatment.
The Shortfall Agreement is a material definitive agreement that was part of AIG's financial restructuring during a critical period. The unredaction of Schedule A provides investors with more complete information about the terms and financial arrangements involved, offering greater transparency into the company's past financial dealings.
The Shortfall Agreement was entered into as of November 25, 2008, and was last amended as of December 18, 2008.