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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 details the financial performance of the MSD Employee Stock Purchase and Savings Plan, which is designed to facilitate employee investment in Merck stock and savings for the future. The independent audit, conducted by PricewaterhouseCoopers LLP, concluded that the financial statements present fairly the net assets available for benefits as of December 31, 2023, and the changes in net assets for the year in accordance with U.S. accounting principles. The Plan's net assets available for benefits increased from $463.376 million in 2022 to $498.619 million in 2023. The Plan allows eligible employees to contribute a portion of their...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 details the financial performance of the MSD Employee Stock Purchase and Savings Plan, which is designed to facilitate employee investment in Merck stock and savings for the future. The independent audit, conducted by PricewaterhouseCoopers LLP, concluded that the financial statements present fairly the net assets available for benefits as of December 31, 2023, and the changes in net assets for the year in accordance with U.S. accounting principles. The Plan's net assets available for benefits increased from $463.376 million in 2022 to $498.619 million in 2023. The Plan allows eligible employees to contribute a portion of their base pay to invest in various options, including Merck common stock, with the company providing matching contributions. The Plan is subject to ERISA and is administered by committees appointed by Merck's CEO and Board of Directors. The report also includes a summary of the Plan's investment strategies, contributions, participant accounts, and related-party transactions, confirming that the Plan operates in compliance with the Internal Revenue Code and ERISA.

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