UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 27, 2008
AMERICAN EXPRESS COMPANY
(Exact name of registrant as specified in its charter)
New York 1-7657 13-4922250
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
200 Vesey Street, World Financial Center
New York, New York 10285
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 640-2000
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act
---- (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
---- (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the
---- Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the
---- Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01 Regulation FD Disclosure
On March 27, 2008, American Express Company (the "Company") issued a press
release announcing that it has entered into an agreement to purchase Corporate
Payment Services, General Electric's commercial card and corporate purchasing
business unit. A copy of the press release is furnished as Exhibit 99.1 to
this Current Report on Form 8-K and is incorporated herein by reference.
The transaction purchase price and the amount needed to replace the debt
supporting the receivables of the Corporate Payment Services Business, will be
paid from American Express's cash on hand, which at February 29, 2008 was in
excess of $17 billion. This cash includes amounts received from the recent
sale of American Express Bank Ltd. Subsequent to February month end, the
Company priced a debt offering of $3 billion on March 12 and closed the
offering on March 19.
Exhibit
99.1 Press Release dated March 27, 2008.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICAN EXPRESS COMPANY
(REGISTRANT)
/s/ Stephen P. Norman
By -----------------------------
Name: Stephen P. Norman
Title: Secretary
Date: March 27, 2008
EXHIBIT INDEX
Item No. Description
99.1 Press Release dated March 27, 2008