What is the main purpose of this 8-K/A filing?

This filing is an amendment to a previous 8-K report. It clarifies and supplements information regarding the appointment of two new directors, Richard C. Levin and Ronald A. Williams, to the Audit Committee of American Express Company's Board of Directors.

When were these Audit Committee appointments effective?

The appointments of Messrs. Levin and Williams to the Audit Committee were effective as of April 23, 2007.

Why is the appointment to the Audit Committee important for investors?

The Audit Committee is responsible for overseeing the company's financial reporting process, internal controls, and independent auditors. Appointments to this committee are significant as they relate directly to the integrity of financial information and corporate governance, which are key considerations for investors.

Does this filing indicate any departure of current directors or officers?

No, this filing specifically addresses the election of new directors to the Board and their subsequent appointment to the Audit Committee. It does not report any departures of directors or officers.

AXP 8-K: Leadership Changes

Summary

This filing is an amendment (8-K/A) to a previous Current Report, clarifying details regarding the Board of Directors and specifically the Audit Committee appointments for American Express Company (AXP). The amendment supplements information previously reported on January 26, 2007, concerning the election of Richard C. Levin and Ronald A. Williams to the Board. The key update provided in this amendment, effective April 23, 2007, is the appointment of both Messrs. Levin and Williams to serve on the Audit Committee of the Board of Directors. This action by the Board is significant as the Audit Committee plays a crucial role in overseeing financial reporting, internal controls, and the audit process, which are vital for investor confidence.

Key Highlights

1Amendment to a prior 8-K filing concerning Board of Director elections and Audit Committee appointments.
2Effective date of the reported events: January 22, 2007 (earliest event) and April 23, 2007 (Audit Committee appointments).
3Richard C. Levin and Ronald A. Williams were elected to the Board of Directors.
4Both Richard C. Levin and Ronald A. Williams were appointed to the Audit Committee of the Board of Directors.
5The Audit Committee is a critical component of corporate governance, overseeing financial integrity and reporting.

AMERICAN EXPRESS CO 8-K/A Report, Executive Changes (Apr 27, 2007)

Summary

Key Highlights

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