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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) April 24, 1996
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)
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.)
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Item 5. Other Events
On April 24, 1996, the following memorandum was issued by
Harvey Golub, Chairman and Chief Executive Officer of American
Express Company, to its employees:
I am writing to let you know that Mike Monaco, our chief
financial officer, has informed me of his decision to resign from
American Express. Mike's decision reflects a disagreement with
my colleagues in the Office of the Chief Executive and me over
the staffing of the company's Finance organization. Like other
staff groups at American Express, Finance has been reorganizing
into a companywide department that serves all of the business
units. This reorganization has involved the reassessment of the
responsibilities of a number of senior people within Finance. My
colleagues and I are sorry to see Mike leave, but we respect his
decision and wish him continued success as he pursues his career
outside American Express.
Mike has served as CFO of American Express since 1990. He has
played a critical role in the restructuring of our organization
that entailed the sale or spin-off of several major businesses,
as well as in the successful efforts to strengthen our balance
sheet. I want to take this opportunity to thank him for his many
significant contributions.
Mike will remain with the company for the next couple of months
to help ensure a smooth transition while we recruit his
successor. In considering possible successors, we will look for
someone who can provide outstanding leadership to the Finance
group and who can serve as a key advisor to the OCE and business
leaders on matters of finance and strategy. We will also be
looking for someone who can effectively represent American
Express to the financial community of investors, lenders and
rating agencies.
Until we appoint a new CFO, Mike's direct reports will report to
me. The business unit chief financial officers will continue to
have dual reporting relationships, to the leaders of the
businesses and to me, on an interim basis, until the new CFO is
appointed.
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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: April 25, 1996
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