What was the purpose of the merger with Harbor Payments, Inc.?

The filing does not detail the strategic reasons for the merger with Harbor Payments, Inc., but focuses on the subsequent registration of shares issued to Harbor's former stockholders.

Who are the selling shareholders mentioned in the filing?

The selling shareholders are the former stockholders of Harbor Payments, Inc. who received American Express common shares as consideration for the acquisition.

What is a prospectus supplement and why is it being filed?

A prospectus supplement is a document filed with the SEC to provide additional information or update a previously filed registration statement. AXP is filing it to register the resale of the "Merger Shares" so that the former Harbor stockholders can sell them in the public market.

Does this filing indicate new share issuances or a stock buyback program?

This filing does not represent new share issuances by American Express for its own benefit, nor does it relate to a stock buyback program. It pertains to the resale of shares already issued as part of a prior acquisition.

AXP 8-K SEC Disclosure — Feb 13, 2007

Summary

This 8-K filing from American Express Company (AXP), dated February 13, 2007, primarily concerns the registration of shares related to a prior acquisition. On November 30, 2006, AXP entered into an agreement to acquire Harbor Payments, Inc. ("Harbor"), which was subsequently completed on December 31, 2006. As part of this transaction, former Harbor stockholders received unregistered common shares of American Express. The key event reported here is AXP's intention to file a prospectus supplement with the SEC on February 13, 2007. This filing will register the resale of an additional 135,208 of these "Merger Shares" by selling shareholders. This action is being taken under an existing automatic shelf registration statement on Form S-3. A legal opinion regarding the legality of these shares is also being filed as an exhibit.

Key Highlights

1American Express Company completed the acquisition of Harbor Payments, Inc. on December 31, 2006.
2Former Harbor stockholders received unregistered common shares of American Express as part of the acquisition.
3AXP intends to file a prospectus supplement on February 13, 2007, to register the resale of 135,208 "Merger Shares."
4The resale registration is being made under an existing Form S-3 automatic shelf registration statement.
5The filing includes an opinion of counsel concerning the legality of the registered shares.

AMERICAN EXPRESS CO 8-K Report, Corporate Update (Feb 13, 2007)

Summary

Key Highlights

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