Summary
This filing is an amendment (Amendment No. 2) to PNC Financial Services Group, Inc.'s (PNC) 2006 Form 10-K, filed on February 5, 2008. The primary purpose of this amendment is to correct reporting dates for the Report of Independent Registered Public Accounting Firm included in Item 9A (Controls and Procedures). It does not amend other parts of the original 10-K filing, which continues to speak as of its original filing date of March 1, 2007, as amended by Amendment No. 1 on February 4, 2008. From an investor's perspective, the key takeaway is that this amendment primarily addresses a technical filing correction rather than introducing new financial information or restating prior results. The report confirms that management, with oversight from the Audit Committee and an unqualified opinion from Deloitte & Touche LLP, believes that PNC maintained effective internal control over financial reporting as of December 31, 2006. Investors should refer to the original 2006 10-K and its subsequent amendments for comprehensive financial details and any material updates.
Key Highlights
- 1Amendment No. 2 to the 2006 Form 10-K corrects specific reporting dates for the auditor's report on internal controls.
- 2The amendment does not alter the financial statements or other substantive disclosures from the original 2006 10-K filing.
- 3Management, including the CEO and CFO, asserted that PNC maintained effective internal control over financial reporting as of December 31, 2006.
- 4Deloitte & Touche LLP issued an unqualified opinion on management's assessment and the effectiveness of PNC's internal control over financial reporting for the period.
- 5PNC is identified as a 'large accelerated filer' as of December 31, 2006.
- 6The filing incorporates by reference various agreements and plans, including those related to mergers (e.g., Mercantile Bankshares Corporation) and executive compensation.
- 7The aggregate market value of PNC's common stock held by non-affiliates was approximately $20.6 billion as of June 30, 2006.