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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) May 31, 1994
AMERICAN EXPRESS COMPANY
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(Exact name of registrant as specified in its charter)
New York 1-7657 13-4922250
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification)
American Express Tower, World Financial Center
New York, New York 10285
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, (212) 640-2000
including area code --------------
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
On May 31, 1994, American Express Company issued the following
press release:
NEW YORK, May 31, 1994 -- American Express Company today announced
that it has completed the distribution of a special tax-free dividend
consisting of approximately 98.2 million shares of Lehman Brothers common
stock to its shareholders of record on May 20, 1994. This represents all of
the Lehman common stock held by American Express.
Shareholders of American Express are receiving one share of Lehman
Brothers common stock for each five common shares of American Express held on
the record date. In lieu of fractional shares, shareholders will receive
cash.
As a result of the distribution, Lehman Brothers common stock will
begin "regular-way" trading on the New York Stock Exchange today; it has been
trading on a "when-issued" basis since May 2, 1994. Lehman Brothers common
stock trades under the symbol LEH. American Express shares, which trade under
the symbol AXP, have been trading both "regular way" and on a "when-issued"
basis since May 2. As of today, the "regular way" trading price of American
Express shares will reflect the spin-off.
Lehman Brothers is a global investment bank with leadership
positions in corporate and municipal finance, advisory services, and in
securities research, sales and trading. Lehman Brothers serves the financial
needs of corporate, government, and institutional clients and high-net-worth
individuals through 44 offices in major financial centers worldwide.
American Express Company, a diversified travel and financial
services company founded in 1850, is a world leader in charge cards, Travelers
Cheques, travel, financial planning and international banking.
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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 thereunto duly authorized.
AMERICAN EXPRESS COMPANY
By: /s/ Stephen P. Norman
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Name: Stephen P. Norman
Title: Secretary
Dated: June 2, 1994
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