Marshall & Ilsley 8-K 2007
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 13, 2007
MARSHALL & ILSLEY CORPORATION
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (414) 765-7801
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:
On November 7, 2007, Visa Inc. (“Visa”) announced that it had entered into a settlement agreement with American Express related to a pending antitrust lawsuit brought by American Express against several financial institutions. The settlement is subject to the approval of Visas voting members. While Marshall & Ilsley Corporation (the Company) was not a named defendant in this litigation and therefore will not be directly liable for any amount of the settlement, in accordance with Visas by-laws, the Company and other Visa member banks are obligated to share in certain losses in connection with the litigation. Based on Visas nominal payout amount under the settlement agreement of $2.065 billion and the Companys 0.39575% interest in Visa, the Company expects to record a pre-tax liability of approximately $8.2 million in the fourth quarter of 2007 in connection with the settlement agreement. The Company does not expect its liability in connection with the settlement agreement to have a material effect on its consolidated financial position or results of operations.
This report may contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, without limitation, statements regarding expected financial and operating activities and results that are predicated by words such as expects, anticipates or believes. Such statements are subject to important factors that could cause the corporations actual results to differ materially from those anticipated by the forward-looking statements. These factors include those referenced in Item 1A. Risk Factors in the Companys Annual Report on Form 10-K for the year ended December 31, 2006 and in the Companys Quarterly Report on Form 10-Q for the quarter ended June 30, 2007, and as may be described from time to time in the corporations subsequent SEC filings. Except as required by federal securities law, the Company undertakes no obligation to update these forward-looking statements or reflect events or circumstances after the date of this report.
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.