01—Abstract
Summary
Summary of the 10-K/A filed March 23, 1999. Cited figures are marked; the original filing is the authoritative source.
This document is Amendment No. 1 (Form 10-K/A) to Wells Fargo & Company's Annual Report for the year ended December 31, 1998.
It contains no financial statements, operating results, segment data, or management discussion. Its only purpose is to amend the cover page to address the Item 405 delinquent filer disclosure checkbox, which was left unchecked. The filing identifies the registrant as a Delaware corporation headquartered at 420 Montgomery Street, San Francisco, and notes that it is the former Norwest Corporation, which reflects the 1998 merger between Norwest and Wells Fargo.
Because this amendment covers only the cover page, it cannot support an investment analysis of Wells Fargo's 1998 performance, including earnings, capital position, credit quality, or valuation. Investors would need the original 10-K for the fiscal year ended December 31, 1998, which contains the full financial statements and disclosures, along with the company's 1998 annual report to shareholders.
For investors, the practical takeaway is limited to a clerical correction. The amendment does not indicate any material change to the company's financial condition or disclosures.
02—Key points
Key Highlights
- The filing is a Form 10-K/A (Amendment No. 1) for fiscal year ended December 31, 1998, amending only the cover page.
- The amendment addresses the Item 405 of Regulation S-K checkbox regarding disclosure of delinquent filers, which was left unchecked.
- The registrant is Wells Fargo & Company, a Delaware corporation with principal offices at 420 Montgomery Street, San Francisco, CA 94163.
- The filing lists Norwest Corporation as the registrant's former name, reflecting the Norwest-Wells Fargo combination.
- The commission file number is 001-2979 and the IRS Employer Identification No. is 41-0449260.
- No financial statements, earnings, balance sheet, capital ratios, or credit quality data are included in this amendment.
- Investors should refer to the original 1998 Form 10-K and annual report for financial analysis.
03—Questions
Frequently Asked Questions
Does this amendment contain any financial results for Wells Fargo in 1998?
No. The amendment only restates the cover page to address the delinquent filer checkbox. It contains no income statement, balance sheet, cash flow data, or management discussion. Those details would be in the original 10-K for the year ended December 31, 1998.
Why was this 10-K/A filed?
The filing states that it amends the cover page regarding disclosure of delinquent filers under Item 405 of Regulation S-K. The amendment indicates that the box for this disclosure is left unchecked, meaning the company did not disclose any delinquent Section 16 filings in its proxy or information statements.
What is the relationship between Wells Fargo and Norwest Corporation?
The cover page lists Norwest Corporation as the registrant's former name. This reflects the 1998 combination of Norwest and Wells Fargo, with the surviving company adopting the Wells Fargo & Company name and headquartering in San Francisco.
Should investors change their view of Wells Fargo based on this filing?
Not based on this document alone. It is a narrow administrative amendment with no financial or operational content. Any investment decision should rest on the original 1998 10-K, quarterly reports, and other current disclosures.
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