Business Context and Reporting Period
Company: American International Group, Inc. (AIG)
Filing Type: Form 8-K (Current Report)
Date of Report: June 5, 2013
Event: Notification regarding the receipt of the Deposit Amount for the sale of International Lease Finance Corporation (ILFC).
Key Financial Metrics
This filing is a current report regarding a specific corporate event and does not contain comprehensive financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period.
Material Changes
The material change reported is the confirmation by the Escrow Agent that AIG received the Deposit Amount defined in Clause 2.5 of the Share Purchase Agreement. This agreement, dated December 9, 2012, relates to the sale of up to 90.0% of ILFC's common stock by AIG Capital Corporation (Seller) to Jumbo Acquisition Limited (Purchaser).
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the context of the transaction. The document serves solely to disclose the receipt of the deposit as an "Other Event" under Item 8.01.
Investor Verification Checklist
- Verify the total value of the "Deposit Amount" received, as the specific dollar figure is not stated in this 8-K.
- Review the full Share Purchase Agreement (dated December 9, 2012) to understand the conditions for the sale of up to 90.0% of ILFC.
- Confirm the status of the remaining transaction steps required to close the sale of ILFC common stock.
- Check subsequent filings for the final closing date and total proceeds from the ILFC divestiture.