01—Abstract
Summary
Summary of the 10-K/A filed March 12, 2004. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment (10-K/A) to Boeing's 2003 annual report, primarily addressing a typographical error in the incorporation by reference of information from the 2004 Proxy Statement regarding Item 12 (Security Ownership) in Part III.
It confirms that this amendment does not alter the previously reported financial statements or other financial disclosures. For investors, the key takeaway is that the core financial and operational information from the original 10-K remains unchanged, and this amendment is procedural. The document also provides details on the company's board of directors and executive officers as of early 2004, and outlines the equity compensation plans, including options and shares available for future issuance as of December 31, 2003.
02—Key points
Key Highlights
- This filing is an amendment to the 2003 Form 10-K, correcting a minor typographical error related to information incorporation by reference.
- The amendment does not change any previously reported financial statements or financial disclosures.
- Details regarding the board of directors and executive officers as of early 2004 are provided.
- Information on equity compensation plans as of December 31, 2003, is presented, including outstanding options and shares available for future issuance.
- Boeing maintained four shareholder-approved equity compensation plans as of the reporting date.
- The company had approximately 61.6 million stock options outstanding with a weighted-average exercise price of $44.97.
- Around 39.5 million shares were available for future issuance under equity compensation plans.
03—Questions
Frequently Asked Questions
What is the primary purpose of this Amendment No. 1 to the 10-K filing?
The primary purpose of this Amendment No. 1 is to correct a typographical error in the original 10-K filing concerning the incorporation by reference of information from the 2004 Proxy Statement, specifically related to Item 12 (Security Ownership) in Part III. It aims to clarify which information is being referenced and does not alter the financial data presented.
Does this amendment affect Boeing's financial performance or results for 2003?
No, the amendment explicitly states that it does not change the previously reported financial statements and other financial disclosures. The corrections are procedural and relate to how information is referenced, not the underlying financial data itself.
What information is provided regarding executive and director compensation?
The filing indicates that detailed information regarding executive and director compensation will be found in the company's 2004 Proxy Statement, which is incorporated by reference. This 10-K/A filing itself does not contain the specifics of compensation but confirms its intended disclosure in the proxy statement.
What is the status of Boeing's equity compensation plans as of December 31, 2003?
As of December 31, 2003, Boeing had equity compensation plans approved by shareholders under which there were 61,632,532 shares to be issued upon exercise of outstanding options, warrants, and rights, with a weighted-average exercise price of $44.97. Additionally, 39,502,113 shares were available for future issuance under these plans. The filing also notes assumed options from the McDonnell Douglas acquisition.
04—Continue