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CITIGROUP INC Annual Report (Amendment), Year Ended Dec 31, 1994

Filing Date
Filed June 29, 1995
Period End
December 31, 1994
Securities
CC-PNC-PR
In the record · 2016–202610-K1110-Q328-K279

C filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 279 current reports (8-K) between 2016 and 2026.

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01—Abstract

Summary

Summary of the 10-K/A filed June 29, 1995. Cited figures are marked; the original filing is the authoritative source.

Important caveat first: the document provided is a Form 10-K/A-1 for Travelers Group Inc. (Commission file 1-9924, New York, NY), not Citigroup Inc. (ticker C).

Citigroup was formed in 1998 through the Travelers-Citicorp merger, so this analysis covers Travelers Group as the registrant. The amendment's stated purpose is limited: under the Explanatory Note, it was filed to add employee savings plan financial statements as exhibits (Rule 15d-21, Form 11-K data for 1994) and to make other exhibit changes. The text of Item 14 was not amended and speaks as of the original Form 10-K filing date.

The provided text contains no income statement, balance sheet, segment results, or other operating financials. Those appear in Exhibit 13.01 (pages 29 to 68 of the 1994 Annual Report to Stockholders), which is incorporated by reference but not included in this excerpt. The cover page gives a few reference points.

As of March 10, 1995, there were 320,960,465 common shares outstanding, and the aggregate market value of voting stock held by nonaffiliates was approximately $11.84 billiona. The filing lists common stock on the NYSE and Pacific Stock Exchange, several preferred and depositary share classes (8.125% Series A, 5.50% Convertible Series B, 9.25% Series D), senior notes due 1997 and 1999, and 1998 warrants. Exhibits reference businesses including Smith Barney (SBI), Primerica Life, Commercial Credit, and The Travelers Corporation, which Travelers Group acquired in a 1993 merger.

The exhibit list also covers executive compensation arrangements, including employment agreements with Michael A. Carpenter, Robert F. Greenhill, and Joseph J.

Plummer II. For investors, this filing is primarily administrative.

It should not be used to assess 1994 performance, capital position, or credit quality. For those items, the original 1994 Form 10-K and its Exhibit 13.01 Annual Report pages are the relevant sources.

02—Key points

Key Highlights

  1. Filing identity: Form 10-K/A-1 for fiscal year ended December 31, 1994, filed by Travelers Group Inc. (not Citigroup Inc.; the 'C' ticker label in the request does not match this registrant).
  2. Purpose: amendment adds 1994 employee savings plan financial statements (Travelers Savings, Electronic Investment and Stock Ownership Plan; Travelers Group 401(k) Savings Plan) as exhibits under Rule 15d-21. Item 14 text is otherwise unchanged.
  3. Shares outstanding: 320,960,465 common shares as of March 10, 1995.
  4. Public float: aggregate market value of nonaffiliate voting stock was approximately $11.84 billion as of March 10, 1995.
  5. Capital structure: multiple listed preferred issues (8.125% Series A depositary shares, 5.50% Convertible Series B, 9.25% Series D depositary shares), 7 3/4% notes due 1999, 7 5/8% notes due 1997, and 1998 common stock warrants.
  6. Financial detail not in this excerpt: full 1994 financials are incorporated by reference from Exhibit 13.01 (Annual Report pages 29 to 68) and Exhibit 99.01 (preacquisition Travelers Corporation statements for 1993 and 1992), neither of which is included here.
  7. Governance and compensation: exhibit index includes numerous management contracts and compensatory plans, including Carpenter (effective January 1, 1995), Greenhill, Plummer (dated December 30, 1994), and stock option and deferred compensation plans.

03—Questions

Frequently Asked Questions

  1. Is this filing from Citigroup Inc. (ticker C)?

    No. The document is from Travelers Group Inc., Commission file 1-9924, headquartered at 388 Greenwich Street, New York. Citigroup Inc. was created in 1998 through the Travelers-Citicorp merger, so this filing predates it. The request's company label should be corrected before relying on this analysis.

  2. Why was this 10-K/A-1 filed?

    Per the Explanatory Note, it was filed to include as exhibits the financial statements for certain employee savings plans, as required by Rule 15d-21, and to make other exhibit changes. The Item 14 text was not otherwise amended.

  3. Does this filing show Travelers Group's 1994 revenues, earnings, or capital ratios?

    Not in the provided text. Those figures are incorporated by reference to Exhibit 13.01 (1994 Annual Report, pages 29 to 68) and Exhibit 11.01 for earnings per share. Investors should consult those exhibits or the original 1994 Form 10-K for operating results.

  4. How many shares and what public float did Travelers Group report?

    As of March 10, 1995, there were 320,960,465 common shares outstanding, and nonaffiliate holders held voting stock with an aggregate market value of approximately $11.84 billion on that date.

  5. Are there investment-relevant securities or obligations disclosed?

    The cover page lists NYSE-registered preferred depositary shares (8.125% Series A, 5.50% Convertible Series B, 9.25% Series D), notes due 1997 and 1999, and 1998 warrants. The company also states that long-term debt authorized under any single instrument does not exceed 10% of consolidated total assets, with instruments available on request.

04—Continue

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