Summary
PNC Financial Services Group, Inc. (PNC) filed an 8-K on October 6, 2004, to announce a planned charge related to the BlackRock Long-Term Retention and Incentive Plan (LTIP) for the quarter ending September 30, 2004. This filing serves as a notification to investors about an upcoming adjustment to the company's financial results. Investors should be aware that this charge will impact the reported earnings for the third quarter of 2004. The press release incorporated by reference provides further details on the LTIP and the rationale behind the decision to record this charge. PNC's Quarterly Report on Form 10-Q for the quarter ended June 30, 2004, also contains prior information regarding the LTIP. The inclusion of the press release as an exhibit allows investors to access the most current information directly from the company.
Key Highlights
- 1PNC plans to report a charge in its Q3 2004 results related to the BlackRock Long-Term Retention and Incentive Plan (LTIP).
- 2The charge will impact the financial results for the quarter ended September 30, 2004.
- 3The company issued a press release on October 6, 2004, to announce this planned charge.
- 4Additional information regarding the LTIP and the charge is available in a separate BlackRock 8-K filing.
- 5Prior information on the LTIP can be found in PNC's Form 10-Q for the quarter ended June 30, 2004.
- 6The press release from October 6, 2004, is filed as an exhibit to this 8-K.