01—Abstract
Summary
Summary of the 10-Q/A filed May 3, 2007. Cited figures are marked; the original filing is the authoritative source.
Mastercard Inc.'s amended 10-Q filing for the quarter ended March 31, 2007, primarily serves to correct a procedural omission by adding an exhibit from the company's independent registered public accounting firm.
This amendment does not introduce new financial information or alter the previously reported content of the quarterly report. Investors should refer to the original Form 10-Q filed on May 2, 2007, for comprehensive financial performance details and operational insights from the first quarter of 2007. The company confirms its status as a large accelerated filer, indicating its significant market capitalization and compliance with SEC reporting standards.
The filing also provides an updated count of outstanding shares for its Class A, Class B, and Class M common stock as of April 27, 2007. For a thorough understanding of Mastercard's financial health and strategic direction, investors should consult the detailed financial statements and management's discussion and analysis within the original Form 10-Q report.
02—Key points
Key Highlights
- This filing is an amendment (10-Q/A) to the previous Form 10-Q filed on May 2, 2007.
- The amendment's sole purpose is to include Exhibit 15, a letter from the independent registered public accounting firm, which was inadvertently omitted.
- No changes are made to the financial information or content previously reported in the original Form 10-Q.
- Mastercard Inc. is confirmed to be a large accelerated filer.
- As of April 27, 2007, there were 79,748,679 shares of Class A common stock outstanding.
- As of April 27, 2007, there were 55,337,407 shares of Class B common stock outstanding.
- As of April 27, 2007, there were 1,632 shares of Class M common stock outstanding.
03—Questions
Frequently Asked Questions
What is the purpose of this amended filing (10-Q/A)?
This filing is an amendment to the original Form 10-Q and is being made solely to include Exhibit 15, which is a letter from Mastercard's independent registered public accounting firm. This exhibit was accidentally omitted from the initial filing.
Does this amendment change Mastercard's financial results for the quarter ended March 31, 2007?
No, this amendment does not alter any part of the content of the original Form 10-Q. The financial information and performance details reported remain unchanged.
What does it mean that Mastercard is a 'large accelerated filer'?
Being a 'large accelerated filer' indicates that Mastercard meets certain thresholds for public float (market value of shares held by non-affiliates) and filing history, allowing it to use shorter registration statements and certain other SEC reporting accommodations. It signifies a company of substantial size and market presence.
Where can I find the actual financial performance data for the quarter?
The actual financial performance data for the quarter ended March 31, 2007, is contained within the original Form 10-Q that was filed on May 2, 2007. This amended filing only addresses the addition of an exhibit.
04—Continue