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American Express Co – ‘SC 13D’ on 6/22/94 re: American Express Co

As of:  Wednesday, 6/22/94   ·   Accession #:  4962-94-14   ·   File #:  5-15607

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer

 6/22/94  American Express Co               SC 13D                 4:60K  American Express Co

General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership             14     41K 
 2: EX-3        Articles of Incorporation/Organization or By-Laws      6     23K 
 3: EX-4        Instrument Defining the Rights of Security Holders     6     26K 
 4: EX-5        Opinion re: Legality                                   7     30K 


SC 13D   —   General Statement of Beneficial Ownership
Document Table of Contents

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11st Page   -   Filing Submission
4Item 1. Security and Issuer
"Item 2. Identity and Background
"Item 3. Source and Amount of Funds or Other Consideration
5Item 4. Purpose of Transaction
"Item 5. Interest in Securities of the Issuer
6Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
"Item 7. Material to be Filed as Exhibits
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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1) Mellon Bank Corporation (Name of issuer) Common Stock, $.50 par value (Title of class of securities) 585509102 (CUSIP number) Louise M. Parent, Esq. American Express Company American Express Tower World Financial Center New York, New York 10285 (212) 640-2000 (Name, address and telephone number of person authorized to receive notices and communications) May 27, 1994 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D because of Rule 13d-1(b)(3) or (4), check the following line ---- Check the following line if a fee is being paid with this statement ----
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SCHEDULE 13D CUSIP NO. 585509102 1) NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS American Express Company 13-4922250 2) CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP (A) ---- (B) ---- 3) SEC USE ONLY 4) SOURCE OF FUNDS OO 5) CHECK LINE IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ---- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York 7) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER 5,502,466 8) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED VOTING POWER 13,200 9) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE DISPOSITIVE POWER 5,500,000 10) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED DISPOSITIVE POWER 18,878 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,518,878 12) CHECK LINE IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ---- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.67% 14) TYPE OF REPORTING PERSON HC, CO 2
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SCHEDULE 13D CUSIP NO. 585509102 1) NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS American Express Travel Related Services Company, Inc. 13-3133497 2) CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP (A) ---- (B) ---- 3) SEC USE ONLY 4) SOURCE OF FUNDS OO 5) CHECK LINE IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ---- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York 7) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER 5,500,000 8) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED VOTING POWER -0- 9) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE DISPOSITIVE POWER 5,500,000 10) NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SHARED DISPOSITIVE POWER -0- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,500,000 12) CHECK LINE IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ---- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.64% 14) TYPE OF REPORTING PERSON CO 3
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Item 1. Security and Issuer. No change. Item 2. Identity and Background. (a)-(c), (f) This Statement is filed by American Express Company ("American Express") and its wholly-owned subsidiary, American Express Travel Related Services Company, Inc. ("TRS"), each of which is a New York corporation. The principal business of American Express is providing travel related services, investors diversified financial services and international banking services throughout the world. The principal business of TRS is providing travel related services. The address of the principal business and principal office for both American Express and TRS is American Express Tower, World Financial Center, New York, New York 10285. The name, residence or business address, present principal occupation or employment, and the name, principal business and address of any corporation or other organization in which such employment is conducted, and citizenship, of each executive officer and director of American Express and TRS are set forth in Exhibits 1 and 2, respectively, and are incorporated herein by reference. (d), (e) Neither American Express, TRS, nor, to the best of their knowledge, any of the current directors or executive officers of American Express or TRS, have during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. Pursuant to an Agreement, dated May 27, 1994, between American Express and TRS, a copy of which is filed as Exhibit 4 hereto and incorporated by reference herein, American Express agreed to transfer certain assets to TRS. These assets included 2,500,000 shares of Common Stock, warrants to purchase up to 3,000,000 shares of Common Stock (the "Warrants") and the rights of American Express under a Registration Rights Agreement, dated May 21, 1993, between Shearson Lehman Brothers Inc. and Mellon Bank Corporation. TRS will have the benefits of, and be bound by the restrictions described in, Exhibits 4, 5, 6, 7 and 8 listed in Item 7 to the Schedule 13D dated June 30, 1993, with respect to the Common Stock. In exchange for this transfer, TRS issued to American Express 5,180 shares of its 7% Redeemable Preferred Shares, Series A. At May 27, 1994, certain indirect subsidiaries of American Express (the "Managing Subsidiaries") held 18,878 shares of Common Stock. American Express and TRS disclaim beneficial ownership of the shares held by the Managing Subsidiaries. The Managing Subsidiaries purchased the shares of Common Stock held by them in the ordinary course of managing investment portfolios or trading on behalf of third parties and obtained the funds for such purchases from these third parties. 4
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Item 4. Purpose of Transaction. All the shares of Common Stock that are held directly by TRS have been acquired for investment purposes. All shares of Common Stock referred to in this statement that are held by the Managing Subsidiaries were acquired by the Managing Subsidiaries for investment purposes on behalf of third parties in the ordinary course of managing investment portfolios or trading for these third parties. Subject to the restrictions set forth in Item 3 above, TRS, the Managing Subsidiaries, as well as other subsidiaries of TRS may, from time to time, sell some or all of the shares of Common Stock in the open market, in private transactions or underwritten offerings, or hold shares of Common Stock as part of their own investment portfolio or in accounts which are managed on behalf of third parties. TRS and the Managing Subsidiaries intend to review their investments in the Issuer periodically and depending on their assessment of relevant factors (including general economic and market conditions, matters relating to the Issuer's business prospects and financial condition and the market for its securities, and matters relating to TRS) may determine from time to time to acquire additional securities of the Issuer or to dispose of any or all of the shares of Common Stock or Warrants. Except as described above, neither American Express, TRS, nor, to the best of their knowledge, any of their subsidiaries, have any present plans or proposals which relate to or would result in any of the transactions or events described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. (a) As of May 27, 1994, American Express through TRS beneficially owned 5,500,000 shares of Common Stock, including 3,000,000 shares of Common Stock subject to the Warrants, representing in the aggregate approximately 8.64% of the outstanding shares of Common Stock. In addition, the Managing Subsidiaries held 18,878 shares of Common Stock, representing in the aggregate approximately 0.03% of the outstanding shares of Common Stock. On May 31, 1994, American Express completed a spinoff of Lehman Brothers Holdings Inc. ("LBHI") through a special dividend of LBHI common stock. As of May 31, 1994, the Managing Subsidiaries no longer included subsidiaries of LBHI and, accordingly, as of such date, the amount of Common Stock held by the Managing Subsidiaries was reduced to 2,064 shares of Common Stock. As of May 27, 1994, Richard M. Furlaud, a Director of American Express, beneficially owned 2,000 shares of Common Stock and as of June 17, 1994, he beneficially owned 2,500 shares of Common Stock. Except for Mr. Furlaud, as of May 27, 1994, and as of June 17, 1994, to the best knowledge of American Express and TRS, none of the executive officers or directors of American Express or TRS, respectively, beneficially owned shares of Common Stock. (b) As of May 27, 1994, TRS had the sole power to vote or direct the vote, and to dispose or direct the disposition, of 5,500,000 shares of Common Stock beneficially owned by it, subject to the agreements contained in Exhibits 4, 5, 6, 7 and 8 listed in Item 7 of the Schedule 13D dated June 30, 1993. The Managing Subsidiaries have sole power to vote or direct the vote of 2,466 shares of Common Stock. Voting and dispositive power is shared between the Managing Subsidiaries and their customers with respect to 13,200 and 18,878 shares of Common Stock, respectively, in the ordinary course of managing investment portfolios on behalf of such customers. 5
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(c) Except as described in Item 3 or as set forth in Exhibit 3 hereto, which is incorporated herein by reference, neither American Express, TRS, nor, to the best of their knowledge, the Managing Subsidiaries or any director or executive officer of American Express or TRS, has effected any transaction in the shares of Common Stock during the past 60 days. (d) Neither American Express, TRS, nor, to the best of their knowledge, any of their executive officers or directors, knows of any other persons who have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by American Express. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Except as described in Item 3 (including the exhibits to the Schedule 13D dated June 30, 1993, mentioned therein) and Item 5(b) above, none of American Express, TRS or, to the best of their knowledge, any of the executive officers or directors of American Express or TRS, have any contracts, arrangements, understandings or relationships (legal or otherwise) with each other or with any other person with respect to any securities of the Issuer, including but not limited to the transfer or voting of any of the shares of the Common Stock, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits. 1. Information with respect to executive officers and directors of American Express Company. 2. Information with respect to executive officers and directors of American Express Travel Related Services Company, Inc. 3. Purchases and sales of common stock of Mellon Bank Corporation since March 29, 1994. 4. Agreement dated May 27, 1994, between American Express Company and American Express Travel Related Services Company, Inc. 5. Schedule 13D dated June 30, 1993 with respect to the Common Stock, filed pursuant to Item 101(a)(2)(ii) of Regulation S-T without exhibits. 6
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SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: June 21, 1994 AMERICAN EXPRESS COMPANY By: /s/ Stephen P. Norman ----------------------------- Name: Stephen P. Norman Title: Secretary 7
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SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: June 21, 1994 AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC. By: /s/ Stephen P. Norman ------------------------------------ Name: Stephen P. Norman Title: Secretary 8
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EXHIBIT INDEX EXHIBIT 1. Information with respect to executive officers and directors of American Express Company. 2. Information with respect to executive officers and directors of American Express Travel Related Services Company, Inc. 3. Purchases and sales of common stock of Mellon Bank Corporation since March 29, 1994. 4. Agreement dated May 27, 1994, between American Express Company and American Express Travel Related Services Company, Inc. 5. Schedule 13D dated June 30, 1993 with respect to the Common Stock, filed pursuant to Item 101(a)(2)(ii) of Regulation S-T without exhibits. 9
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EXHIBIT 1 INFORMATION WITH RESPECT TO EXECUTIVE OFFICERS AND DIRECTORS OF AMERICAN EXPRESS The following information sets forth the name, business address and present principal occupation of each of the directors and executive officers of American Express. Except as indicated below, the business address of each director and executive officer of American Express is American Express Tower, World Financial Center, New York, New York 10285. Each of the directors and executive officers of American Express, with the exception of David M. Culver and F. Ross Johnson who are citizens of Canada, is a citizen of the United States. BUSINESS ADDRESS AND PRESENT NAME PRINCIPAL OCCUPATION Anne L. Armstrong Chairman of the Board of Trustees Center for Strategic and International Studies P.O. Box 1358 Kingsville, Texas 78363 William G. Bowen President The Andrew W. Mellon Foundation 140 East 62nd Street New York, New York 10021 David M. Culver Chairman CAI Capital Corporation 3429 Drummond Street Suite 200 Montreal, Canada H3G 1X6 Charles W. Duncan Jr. Duncan Interests 600 Travis 61st Floor Houston, Texas 77002-3007 Richard M. Furlaud Chairman of the Executive Committee American Express Company Harvey Golub Chairman of the Board and Chief Executive Officer American Express Company 10
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Beverly Sills Greenough Chairman Lincoln Center for the Performing Arts 211 Central Park West Apt. 4F New York, New York 10024 F. Ross Johnson Chairman and Chief Executive Officer RJM Group 200 Galleria Parkway, N.W. Suite 970 Atlanta, Georgia 30339 Vernon E. Jordan Jr. Senior Partner Akin, Gump, Strauss, Hauer & Feld, L.L.P. 1333 New Hampshire Avenue, N.W. Suite 400 Washington, D.C. 20036 Henry A. Kissinger Chairman Kissinger Associates, Inc. 350 Park Avenue New York, New York 10022 Drew Lewis Chairman and Chief Executive Officer Union Pacific Corporation Martin Tower Eighth and Eaton Avenues Bethlehem, Pennsylvania 18018 Aldo Papone Senior Advisor American Express Company Roger S. Penske Chairman and Chief Executive Officer Detroit Diesel Corporation 13400 Outer Drive West Detroit, Michigan 48239 Frank P. Popoff Chairman and Chief Executive Officer The Dow Chemical Company 2030 Dow Center Midland, Michigan 48674 Jeffrey E. Stiefler President American Express Company 11
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EXECUTIVE OFFICERS OF AMERICAN EXPRESS WHO ARE NOT DIRECTORS BUSINESS ADDRESS AND PRESENT NAME PRINCIPAL OCCUPATION Roger H. Ballou President, Travel Services Group, U.S.A. American Express Travel Related Services Company, Inc. Kenneth I. Chenault President, U.S.A. American Express Travel Related Services Company, Inc. Steven D. Goldstein President and Chief Executive Officer American Express Bank Ltd. R. Craig Hoenshell President, Travel Related Services, International American Express Travel Related Services Company, Inc. David R. Hubers President and Chief Executive Officer IDS Financial Corporation IDS Tower 10 Minneapolis, Minnesota 55440 Joseph W. Keilty Executive Vice President American Express Company Jonathan S. Linen Vice Chairman American Express Company Michael P. Monaco Executive Vice President, Chief Financial Officer and Treasurer American Express Company Louise M. Parent Executive Vice President and General Counsel American Express Company Thomas Schick Executive Vice President American Express Company Jeffrey E. Stiefler President American Express Company 12
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EXHIBIT 2 INFORMATION WITH RESPECT TO EXECUTIVE OFFICERS AND DIRECTORS OF TRS The following information sets forth the name, business address and present principal occupation of each of the directors and executive officers of TRS. The business address of each director and executive officer of TRS is American Express Tower, World Financial Center, New York, New York 10285. Each of the directors and executive officers of TRS is a citizen of the United States. BUSINESS ADDRESS AND PRESENT NAME PRINCIPAL OCCUPATION Harvey Golub Chairman and Chief Executive officer American Express Travel Related Services Company, Inc. Kenneth I. Chenault President, U.S.A. American Express Travel Related Services Company, Inc. Walter S. Berman Executive Vice President and Chief Financial Officer American Express Travel Related Services Company, Inc. Bernard J. Hamilton Executive Vice President and Chief of Staff American Express Travel Related Services Company, Inc. Andrew B. Somers Executive Vice President and General Counsel American Express Travel Related Services Company, Inc. 13
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EXECUTIVE OFFICERS OF TRS WHO ARE NOT DIRECTORS BUSINESS ADDRESS AND PRESENT NAME PRINCIPAL OCCUPATION Roger H. Ballou President, Travel Services Group, U.S.A. American Express Travel Related Services Company, Inc. R. Craig Hoenshell President, Travel Related Services, International American Express Travel Related Services Company, Inc. Bonnie J. Stedt Executive Vice President, Human Resources American Express Travel Related Services Company, Inc. 14

Dates Referenced Herein   and   Documents Incorporated by Reference

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This ‘SC 13D’ Filing    Date First  Last      Other Filings
Filed on:6/22/94
6/21/9478
6/17/945
5/31/9458-K
5/27/9419
3/29/9469
6/30/9349
5/21/934
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