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Merck & Co | 11-K: Annual report of employee stock purchase, savings and similar plans (and amendment thereto)

SEC announcement ·  Jun 26 01:40
Summary by Futu AI
Merck & Co., Inc. (Merck) has filed its Form 11-K annual report for the fiscal year ended December 31, 2023, with the United States Securities and Exchange Commission. The report pertains to the MSD Puerto Rico Savings & Security Plan, an employee stock purchase, savings, and similar plan. The independent audit, conducted by PricewaterhouseCoopers LLP, concluded that the financial statements present fairly the net assets available for benefits and the changes in net assets for the year in conformity with U.S. accounting principles. The Plan's net assets available for benefits increased from $199,441,000 in 2022 to $224,042,000 in 2023. The Plan, established in 1997, is designed to provide savings and investment opportunities for employees of MSD International GmbH (Puerto Rico Branch) LLC and the Puerto Rico branch...Show More
Merck & Co., Inc. (Merck) has filed its Form 11-K annual report for the fiscal year ended December 31, 2023, with the United States Securities and Exchange Commission. The report pertains to the MSD Puerto Rico Savings & Security Plan, an employee stock purchase, savings, and similar plan. The independent audit, conducted by PricewaterhouseCoopers LLP, concluded that the financial statements present fairly the net assets available for benefits and the changes in net assets for the year in conformity with U.S. accounting principles. The Plan's net assets available for benefits increased from $199,441,000 in 2022 to $224,042,000 in 2023. The Plan, established in 1997, is designed to provide savings and investment opportunities for employees of MSD International GmbH (Puerto Rico Branch) LLC and the Puerto Rico branch of Merck Sharp & Dohme (I.A.) LLC, allowing them to become shareholders of Merck. The Plan is subject to the Employee Retirement Income Security Act of 1974 (ERISA) and includes various investment options, including Merck common stock. Contributions to the Plan can be made on a before-tax and after-tax basis, with matching contributions from the Companies. The Plan is qualified under the U.S. and Puerto Rico tax codes, and no provision for income taxes has been made in the financial statements. The Plan's investments are managed by Fidelity Investments Institutional Services Company and include mutual funds, common/collective trusts, and a self-directed brokerage account option.

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