8-KOther EventsExhibits & Filings

MARSH & MCLENNAN COMPANIES, INC. 8-K Report, Corporate Update (Aug 28, 2009)

Filed August 28, 2009For Securities:MRSHMMC

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to formally amend Marsh & McLennan Companies' (MMC) 2008 Form 10-K to reflect the reclassification of Kroll Government Services (KGS) as a discontinued operation. This ensures that the company's financial reporting accurately separates the financial performance of KGS from its continuing operations.

The filing includes amended versions of three key sections from MMC's 2008 Annual Report on Form 10-K: Item 6 (Selected Financial Data), Item 7 (Management’s Discussion and Analysis of Financial Condition and Results of Operations), and Item 8 (Financial Statements and Supplementary Data), including segment data.

The filing highlights various risks and uncertainties, including potential adverse outcomes from securities and ERISA class action lawsuits, liabilities from errors and omissions claims (e.g., against Mercer), the impact of current financial market conditions, legislative and regulatory changes, financing needs, foreign exchange rate fluctuations, changes in pension plan funding, and risks related to revenue generation and competition within its operating segments.

No, this 8-K filing does not present new financial results. Instead, it provides amended historical financial information from the 2008 Form 10-K to reflect the discontinued operations status of Kroll Government Services (KGS). Investors should refer to subsequent filings, such as quarterly reports, for the most recent financial performance data.