8-KOther Events

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

Filed October 22, 2001For Securities:AXP

Summary

This Form 8-K filing from American Express Company (AXP), dated October 22, 2001, primarily serves to attach their press release and earnings supplement announcing third quarter 2001 results. While the filing itself does not contain detailed financial performance figures, it does disclose specific adjustments to previously reported statistical data for the first and second quarters of 2001, particularly concerning sales figures within its American Express Financial Advisors segment. Investors should note these corrections to understand the company's reported sales trends more accurately.

Key Highlights

  • 1American Express Company filed an 8-K on October 22, 2001, to report on its third quarter 2001 earnings.
  • 2The filing includes Exhibit 99.1 (Q3 2001 Earnings Press Release) and Exhibit 99.2 (Q3 2001 Earnings Supplement).
  • 3The report details corrections to previously issued statistical data for the first and second quarters of 2001.
  • 4Specific adjustments were made to 'Cash Sales for Annuities' and 'Total Cash Sales' for the American Express Financial Advisors segment.
  • 5These corrections impact sales figures reported for the quarters ending March 31, 2001, and June 30, 2001.
  • 6The filing references prior 8-K filings and 10-Q filings for Q1 and Q2 2001, indicating a pattern of ongoing financial reporting.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially announce and attach American Express Company's press release and earnings supplement for the third quarter of 2001, providing investors with access to these key financial disclosures.

This 8-K filing itself does not present the detailed financial results for the third quarter of 2001. Instead, it directs investors to Exhibits 99.1 and 99.2, which are the press release and earnings supplement containing that information.

The filing details adjustments to previously reported sales figures for the American Express Financial Advisors segment for the first and second quarters of 2001. This includes corrections to 'Cash Sales for Annuities' and 'Total Cash Sales'.

The filing indicates that these are adjustments to statistical data that were part of earlier earnings releases and supplements. The exact reasons for the initial inaccuracies are not specified in this 8-K, but the corrections aim to provide a more accurate representation of sales performance.