01—Abstract
Summary
Summary of the 10-K/A filed June 16, 1997. Cited figures are marked; the original filing is the authoritative source.
This Form 10-K/A-1 from United HealthCare Corporation (the filing names the registrant as United HealthCare Corporation, ticker UNH on the New York Stock Exchange) covers the fiscal year ended December 31, 1996.
The filing is an amendment that principally updates the exhibit index. It reports 185,600,404 shares of common stock, $.01 par value, issued and outstanding as of March 17, 1997, and an aggregate market value held by non-affiliates of approximately $7,957,874,400a based on a $50 per share sale price on March 1, 1997. The filing's body incorporates financial information by reference.
Its Exhibit 13 is the Annual Report to Shareholders, covering Investor Information, Financial Highlights, Financial Review and the Consolidated Financial Statements with the Report of Independent Public Accountants. Those financial details are not reproduced in this filing text, so the substance of the company's 1996 results is not stated here. Other exhibits listed include a Statement regarding computation of per share earnings (Exhibit 11), a Subsidiaries list (Exhibit 21), a Consent of Independent Public Accountants (Exhibit 23), Powers of Attorney (Exhibit 24) and a Financial Data Schedule (Exhibit 27).
The amendment lists new or refreshed executive and benefit arrangements, including an amended and restated 1991 Stock and Incentive Plan effective August 15, 1996, a new employment agreement with David A. George effective October 2, 1995, and an AARP Health Insurance Agreement dated February 26, 1997. Certain confidential portions of several exhibits were deleted under Rule 24b-2 and filed separately with the SEC.
02—Key points
Key Highlights
- Registrant: United HealthCare Corporation (Minnesota), headquartered in Minnetonka, Minnesota; common stock listed on the New York Stock Exchange.
- Fiscal year covered: year ended December 31, 1996; this is Form 10-K/A-1, an amendment to the annual report.
- Shares outstanding: 185,600,404 common shares as of March 17, 1997.
- Aggregate market value held by non-affiliates: approximately $7,957,874,400, based on $50 per share on March 1, 1997.
- Financial results are incorporated by reference from the Annual Report to Shareholders (Exhibit 13), which is not reproduced in this filing text.
- New AARP Health Insurance Agreement dated February 26, 1997, among AARP, its Insurance Plan trustees and United HealthCare Insurance Company (Exhibit 10(p), confidential portions deleted).
- Amended and Restated 1991 Stock and Incentive Plan, effective August 15, 1996, filed as Exhibit 10(f).
03—Questions
Frequently Asked Questions
What is the purpose of this filing?
This is Form 10-K/A-1, an amended annual report for the fiscal year ended December 31, 1996. The amendment's content centers on the exhibit index, which lists management contracts, incentive plans, the AARP agreement, and other supporting documents.
How many shares of United HealthCare common stock were outstanding?
As of March 17, 1997, there were 185,600,404 shares of common stock, $.01 par value, issued and outstanding.
Where are the company's full financial statements?
The financial statements, Financial Highlights, and Financial Review are contained in the Annual Report to Shareholders, which is filed as Exhibit 13 and incorporated by reference into Part II of the 10-K.
What is the market value of shares held by non-affiliates?
The filing states an aggregate market value of approximately $7,957,874,400 for voting stock held by non-affiliates as of March 1, 1997, based on the last reported sale price of $50 per share on the New York Stock Exchange.
Are any exhibit contents confidential?
Yes. Confidential portions of certain exhibits marked with a plus sign, including the MetraHealth Information Technology Services Agreement and the AARP Health Insurance Agreement, were deleted under Rule 24b-2 and filed separately with the SEC under a request for confidential treatment.
04—Continue