Summary
Marsh & McLennan Companies, Inc. (MMC) filed an 8-K on August 28, 2009, primarily to amend its previous filings to reflect the classification of Kroll Government Services (KGS) as a discontinued operation. This reclassification, which was initially disclosed in the company's Form 10-Q for the quarter ended June 30, 2009, required amendments to key sections of its 2008 Form 10-K, including Selected Financial Data, Management's Discussion and Analysis (MD&A), and Financial Statements. This filing is important for investors as it provides updated financial reporting to accurately represent the company's operational structure. The amendments ensure that users of MMC's financial statements have a clear and correct view of the company's ongoing operations versus those deemed discontinued. Additionally, the filing includes extensive forward-looking statements and risk factors, highlighting potential challenges such as ongoing litigation, market conditions, regulatory changes, and operational risks across its various business segments like Marsh and Mercer.
Key Highlights
- 1Marsh & McLennan Companies (MMC) filed an 8-K to amend its 2008 Form 10-K to reflect the reclassification of Kroll Government Services (KGS) as a discontinued operation.
- 2This reclassification was previously disclosed in the company's Form 10-Q for the quarter ended June 30, 2009.
- 3Amended financial sections include Selected Financial Data, Management's Discussion and Analysis, and Financial Statements and Supplementary Data.
- 4The filing provides updated exhibits (99.1, 99.2, 99.3) reflecting these changes.
- 5Other accompanying exhibits include an amended Ratio of Earnings to Fixed Charges and a consent from Deloitte & Touche LLP.
- 6The report reiterates significant forward-looking statements and risk factors previously disclosed, covering litigation, market conditions, and operational challenges.