Summary
This 10-K/A filing from AmerisourceBergen Corporation (AMBC) amends and supplements information originally filed on December 28, 2001, specifically concerning executive compensation and related transactions for the fiscal year ended September 30, 2001. The primary focus of this amendment is to correct inaccuracies in the reporting of stock options granted to certain named executive officers in fiscal years 1999 and 2000, and to provide updated details regarding loan forgiveness and outstanding loans to executives, particularly in light of the merger between AmeriSource Health Corporation and Bergen Brunswig Corporation. Investors should note these adjustments for a clearer understanding of executive remuneration and potential related party transactions.
Key Highlights
- 1Correction of overstated stock option numbers for Messrs. Dimick, Carpenter, and Brent R. Martini in the Summary Compensation Table for fiscal years 1999 and 2000.
- 2Adjustment of option numbers to reflect the conversion ratio into AmerisourceBergen common stock following the merger.
- 3Disclosure of loan forgiveness by Bergen (prior to the merger) to Messrs. Dimick, Carpenter, and Brent R. Martini under a deferred compensation loan program (ELP).
- 4Inclusion of loan forgiveness amounts as 'Other Compensation' for Messrs. Dimick, Carpenter, and Brent R. Martini in fiscal year 2001.
- 5Disclosure of an outstanding loan of $675,000 from Bergen to Chairman of the Board, Robert E. Martini, used to cover taxes from a previous loan forgiveness.
- 6Confirmation that AmerisourceBergen does not have any programs for extending loans to its directors or executive officers post-merger.