8-KOther Events

AMERICAN EXPRESS CO 8-K Report (Jan 22, 2001)

Filed January 22, 2001For Securities:AXP

Summary

This Form 8-K filing from American Express Company (AXP) on January 22, 2001, primarily serves to disclose the company's fourth quarter and full-year 2000 earnings, as well as an amendment to a significant agreement with Berkshire Hathaway Inc. Investors should note the release of earnings information, which will provide details on the company's financial performance for the preceding year and the crucial final quarter. The amendment to the agreement with Berkshire Hathaway, dated September 8, 2000, is also a key point. This amendment ensures that a specific voting agreement related to American Express securities remains in effect following the transition of leadership from Harvey Golub to Kenneth Chenault as CEO. This signals continuity and potentially ongoing strategic alignment with a major shareholder.

Key Highlights

  • 1Disclosure of American Express Company's 2000 fourth quarter and full-year earnings.
  • 2Filing of a press release (Exhibit 99.1) announcing the 2000 earnings.
  • 3Distribution of a 2000 Fourth Quarter/Full Year Earnings Supplement (Exhibit 99.2).
  • 4Amendment dated September 8, 2000, to a February 27, 1995, agreement with Berkshire Hathaway Inc.
  • 5The amendment pertains to the voting of American Express securities by Berkshire Hathaway.
  • 6The amendment ensures the voting agreement remains in effect after Kenneth Chenault succeeded Harvey Golub as CEO.
  • 7The amendment to the agreement is filed as Exhibit 99.3.

Frequently Asked Questions

The primary purpose of this filing is to publicly announce American Express Company's financial results for the fourth quarter and the full year of 2000, and to disclose an amendment to an existing agreement with Berkshire Hathaway Inc.

The amendment ensures that the voting agreement concerning American Express securities held by Berkshire Hathaway continues to be in effect following a leadership change at American Express, specifically the transition from Harvey Golub to Kenneth Chenault as CEO. This suggests continued alignment with a significant shareholder.

The detailed financial information is expected to be found in the press release (Exhibit 99.1) and the accompanying 2000 Fourth Quarter/Full Year Earnings Supplement (Exhibit 99.2) filed with this 8-K report.

The amendment to the agreement with Berkshire Hathaway Inc. was dated September 8, 2000.