8-KOther Events

PNC FINANCIAL SERVICES GROUP, INC. 8-K Report (Oct 1, 2003)

Filed October 1, 2003For Securities:PNC

Summary

PNC Financial Services Group, Inc. (PNC) filed an 8-K on October 1, 2003, primarily to provide reconciliations of non-GAAP financial measures used in its 2002 Annual Report. This filing adheres to SEC Release No. 33-8176 and related FAQs concerning the use of non-GAAP financial information. While this 8-K does not contain new operational or financial performance data, it serves as a compliance document to ensure transparency and proper disclosure of the financial metrics previously presented to shareholders and incorporated into its Form 10-K.

Key Highlights

  • 1Filing addresses SEC requirements for disclosing non-GAAP financial measures (SEC Release No. 33-8176).
  • 2Provides reconciliations of non-GAAP financial measures from the 2002 Annual Report to Shareholders.
  • 3Ensures compliance with SEC's 'Frequently Asked Questions Regarding the Use of Non-GAAP Financial Measures' dated June 13, 2003.
  • 4The 2002 Annual Report was previously incorporated by reference into PNC's Form 10-K for the year ended December 31, 2002 (as amended).
  • 5Exhibit 99.1 contains the summary of these reconciliations.
  • 6This 8-K does not present new financial results or material business events.

Frequently Asked Questions

The main purpose of this 8-K filing is to comply with SEC regulations regarding the use and reconciliation of non-GAAP financial measures. PNC is providing a summary of reconciliations for non-GAAP measures previously reported in their 2002 Annual Report.

No, this filing does not contain new financial performance results or operational updates. It is primarily a disclosure document to ensure transparency in how non-GAAP financial measures are presented and reconciled.

The summary of the reconciliations of non-GAAP financial measures is attached to this 8-K filing as Exhibit 99.1.

PNC is providing these reconciliations to adhere to SEC guidelines which require companies to clearly explain how non-GAAP financial measures relate to the most directly comparable GAAP financial measures. This enhances transparency and comparability for investors.