- Amended Current report filing (8-K/A)
27 Gennaio 2009 - 11:10PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of
earliest event reported):
November 28,
2008
Aon Corporation
(Exact Name of Registrant as Specified in
Charter)
Delaware
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1-7933
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36-3051915
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(State or Other
Jurisdiction
of Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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200
East Randolph Street, Chicago, Illinois
(Address of
Principal Executive Offices)
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60601
(Zip Code)
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Registrants telephone
number, including area code:
(312) 381-1000
Not
Applicable
(Former Name or Former Address, if
Changed Since Last Report)
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 (
see
General Instruction A.2. below):
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
Item 2.05.
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Costs Associated with Exit or Disposal Activities.
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On
November 28, 2008, Aon Corporation (Aon) filed a Current Report on Form 8-K
(the November Form 8-K) pursuant to Item 2.05 in which it announced
a global restructuring plan in conjunction with its acquisition of Benfield Group
Limited (Benfield). The information contained in the November Form 8-K
is incorporated herein by reference.
At
the time Aon filed the November Form 8-K, it was unable in good faith
to make a determination of all of the estimates required by paragraphs (b), (c) and
(d) of Item 2.05 of Form 8-K with respect to the restructuring
plan. However, Aon is now able to make
good faith estimates of these amounts as set forth below.
The
restructuring plan is expected to result in total costs of approximately $185
million, a portion of which will be included in the purchase price
allocation. The total costs include $126 million for
employee termination costs, $49 million for lease consolidation costs, $8
million for asset impairments and $2 million for other costs associated with
the restructuring plan. As previously
disclosed in the November Form 8-K, an estimated 500 to 700 positions
are expected to be eliminated as part of the plan. Of the total estimated
costs of $185 million, approximately $128 million is estimated to be paid in
cash for severance and other restructuring related expenses. An
additional $49 million is estimated to be paid relating to lease
consolidations.
Aon
continues to anticipate the same savings amounts provided in the November Form 8-K. Specifically, the restructuring plan, before
any potential reinvestment of savings, is expected to deliver approximately $33-41
million of savings in 2009, approximately $84-94 million of savings in 2010 and
approximately $122 million of annualized savings in 2011.
All
of the components of the restructuring plan are not finalized and actual total savings,
costs and timing may vary from those estimated due to changes in the scope or
assumptions underlying the restructuring plan.
Item 9.01.
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Financial Statements and Exhibits.
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(a) -
(c)
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Not
applicable.
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(d)
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Exhibits:
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Exhibit
Number
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Description of Exhibit
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99.1
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Press
Release issued November 28, 2008.*
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99.2
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Announcement
issued November 28, 2008.*
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* Incorporated by reference to Aon Corporations Form 8-K, dated and filed with the U.S. Securities and Exchange Commission on November 28, 2008.
2
SIGNATURES
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.
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Aon Corporation
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By:
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/s/
Christa Davies
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Christa
Davies
Executive Vice President and Chief Financial
Officer
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Date:
January 27, 2009
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3
EXHIBIT INDEX
Exhibit
Number
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Description of Exhibit
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99.1
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Press
Release issued November 28, 2008. *
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99.2
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Announcement
issued November 28, 2008. *
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* Incorporated by
reference to Aon Corporations Form 8-K, dated and filed with the U.S.
Securities and Exchange Commission on November 28, 2008.
4
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