-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NgfaqU4iTPXK6r8NGJg9MYWITFUsvLgAPfcA4JaxvAYmR2L5e1GNnxHOg+P30ODC eAtK8y2T/uEmga0BxNHZWw== 0000004962-10-000011.txt : 20100129 0000004962-10-000011.hdr.sgml : 20100129 20100129092851 ACCESSION NUMBER: 0000004962-10-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100125 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20100129 DATE AS OF CHANGE: 20100129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS CO CENTRAL INDEX KEY: 0000004962 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 134922250 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07657 FILM NUMBER: 10555810 BUSINESS ADDRESS: STREET 1: 200 VESEY STREET STREET 2: 50TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2126402000 MAIL ADDRESS: STREET 1: 200 VESEY STREET STREET 2: 50TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 execofficerssalary.htm 8-K OF AMERICAN EXPRESS COMPANY execofficerssalary.htm


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):  January 25, 2010

AMERICAN EXPRESS COMPANY
(Exact name of registrant as specified in its charter)


 
New York
  
1-7657
  
13-4922250
  
 
(State or other jurisdiction of incorporation
or organization)
  
(Commission File Number)
  
(IRS Employer Identification No.)
  


 
200 Vesey Street, World Financial Center
      
 
New York, New York
  
10285
  
 
(Address of principal executive offices)
  
(Zip Code)
  


 
Registrant's telephone number, including area code:  (212) 640-2000

--------------------------------------------------
(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:

  £
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))


 
 
 


Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(e)  On January 25, 2010, the Compensation and Benefits Committee (the “Committee”) of the Board of Directors of American Express Company (the “Company”) approved increases to the annual base salaries (effective February 1, 2010) of the following “named executive officers” (as determined by reference to the Company’s proxy statement in respect of its 2009 annual meeting of shareholders):

·  
The base salary of Kenneth I. Chenault, Chairman and Chief Executive Officer of the Company, has been increased from $1,250,000 per annum to $2,000,000 per annum;

·  
The base salary of Edward P. Gilligan, Vice Chairman of the Company, has been increased from $1,100,000 per annum to $1,450,000 per annum;

·  
The base salary of Stephen J. Squeri, Group President – Global Services and Chief Information Officer of the Company, has been increased from $750,000 per annum to $1,000,000 per annum; and

·  
The base salary of Daniel T. Henry, Executive Vice President and Chief Financial Officer of the Company, has been increased from $700,000 per annum to $850,000 per annum.

The increases in base salary reflect the Committee’s review of the Company’s executive compensation program.  The Committee approved a shift in compensation mix by increasing base salary, while reducing the aggregate compensation that generally could be earned through annual incentive awards and the Company’s cash-based portfolio grant program.  The Company’s overall executive compensation program for named executive officers continues to be weighted toward longer-term incentives, particularly stock-based awards.

 
 
 


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)
       
 
By:
  /s/ Carol V. Schwartz
  
   
Name:  Carol V. Schwartz
   
Title: Secretary

Date:  January 29, 2010


 
 
 

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