SEC Filing Summary: American Electric Power Company, Inc.
Business Context and Reporting Period
This Form 8-K was filed on April 7, 2009, reporting events that occurred on April 1, 2009. American Electric Power Company, Inc. (the "Company") is a utility company incorporated in New York with principal executive offices in Columbus, Ohio.
Key Financial Metrics and Capital Activity
The filing details a significant equity capital raise rather than operational financial results. The Company entered into an Underwriting Agreement to sell common stock.
- Shares Sold: 60,000,000 shares of common stock.
- Over-Allotment: An additional 9,000,000 shares were sold upon exercise of the over-allotment option.
- Total Shares Issued: 69,000,000 shares.
- Offering Price: $24.50 per share.
- Underwriters: Credit Suisse Securities (USA) LLC, J.P. Morgan Securities Inc., Barclays Capital Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. Incorporated.
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period.
Material Changes
The primary material change is the increase in outstanding common stock and the influx of capital from the equity offering described above. No other material changes to operations or financial condition are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard legal opinion regarding the legality of the shares. The document focuses strictly on the execution of the underwriting agreement.
Investor Verification Checklist
- Verify the total gross proceeds from the sale of 69,000,000 shares at $24.50 per share.
- Confirm the updated total number of shares outstanding post-offering.
- Review the Underwriting Agreement (Exhibit 1(a)) for details on underwriting discounts and commissions.
- Check subsequent filings for the intended use of proceeds from this capital raise.