Business Context and Reporting Period
Company: American Electric Power Company, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 25, 2006
Subject: Temporary suspension of trading (blackout period) under the registrant's employee benefit plans due to a change in record keepers from Fidelity Investments to JPMorgan.
Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing reports a material administrative change regarding employee benefit plans rather than financial operations. The change involves:
- Transition of recordkeeping services from Fidelity Investments to JPMorgan effective July 1, 2006.
- Changes to investment options within the plans.
- Implementation of a temporary "blackout period" restricting participant access to accounts.
Outlook, Risks, and Unusual Items
Blackout Period Details:
- American Electric Power System Retirement Savings Plan: Blackout expected to begin June 27, 2006 (last day for elections at Fidelity).
- Other Plans (Supplemental, Incentive, Director Retainer): Blackout expected to begin June 30, 2006 (last day for account access and exchanges).
- Resumption of Operations: All plans expected to resume operations with JPMorgan on July 5, 2006.
Impact on Participants: During the blackout period, participants will be unable to reallocate investments, obtain loans, or obtain distributions from the plans.
Key Facts for Investor Verification
- Verify the exact dates of the blackout period (June 27/30 to July 5, 2006) against internal communications to employees.
- Confirm the transition of recordkeeping services to JPMorgan and the associated changes to investment options.
- Note that this filing is administrative and does not reflect changes in the company's financial condition or operational strategy.