8-KOther EventsExhibits & Filings

MARSH & MCLENNAN COMPANIES, INC. 8-K Report, Corporate Update (May 10, 2013)

Filed May 10, 2013For Securities:MRSHMMC

Summary

This 8-K filing from Marsh & McLennan Companies (MRSH), dated May 10, 2013, primarily serves to disclose the reclassification of certain business units for reporting purposes, effective January 1, 2013. Specifically, the Corporate Benefits and Association businesses, previously under Marsh's US Consumer operations (Risk and Insurance Services segment), have been moved to Mercer, now falling under the Consulting segment. This change is primarily an internal organizational adjustment impacting segment reporting rather than a fundamental shift in the company's overall financial performance or structure. As a result of these reclassifications, Marsh & McLennan has filed amended presentations of specific sections of its 2012 Form 10-K, including the Management's Discussion and Analysis (MD&A) and the Financial Statements and Supplementary Data. Investors should note that these amendments do not introduce new financial information or alter the previously reported financial results for the fiscal year ended December 31, 2012, but rather reflect how these results are now presented across different business segments. The filing also includes standard exhibits such as consents and XBRL data.

Key Highlights

  • 1Effective January 1, 2013, Corporate Benefits and Association businesses moved from Marsh's US Consumer operations to Mercer.
  • 2These reclassified businesses are now reported within the Consulting segment, not the Risk and Insurance Services segment.
  • 3Mercer also realigned management for its Outsourcing business, though this did not impact total segment results.
  • 4The company has filed amended versions of its 2012 Form 10-K's Item 7 (MD&A) and Item 8 (Financial Statements and Supplementary Data).
  • 5These amendments reflect the aforementioned business reclassifications and segment reporting changes.
  • 6No other changes were made to the originally filed 2012 Form 10-K.
  • 7The filing includes standard exhibits such as auditor consent and XBRL data.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and detail the reclassification of certain business operations for reporting purposes, effective January 1, 2013. It also includes amended sections of the company's 2012 Form 10-K to reflect these changes in segment reporting.

These reclassifications are primarily an internal organizational adjustment for segment reporting. While they change how revenues and expenses are attributed to different segments (e.g., moving business from Risk and Insurance Services to Consulting), they do not alter the company's consolidated financial performance or results as previously reported for the fiscal year ended December 31, 2012.

The company has filed amended presentations for Item 7 (Management’s Discussion and Analysis of Financial Condition and Results of Operations) and Item 8 (Financial Statements and Supplementary Data) of its Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

No, this filing does not introduce any new financial information or material changes to the previously reported financial results. It solely reflects reclassifications for segment reporting purposes.