Altria Files 10-K/A, Reaffirming Compliance for FY24
Ticker: MO · Form: 10-K/A · Filed: Jun 4, 2025 · CIK: 764180
Sentiment: neutral
Topics: 10-K/A, SEC Filing, Regulatory Compliance, Annual Report Amendment, Corporate Governance, Tobacco Industry, Well-Known Seasoned Issuer
Related Tickers: MO
TL;DR
**Altria's 10-K/A is a non-event, just a compliance check confirming their well-known seasoned issuer status and timely filings for 2024.**
AI Summary
ALTRIA GROUP, INC. (MO) filed a 10-K/A Amendment No. 1 for the fiscal year ended December 31, 2024, primarily to amend its annual report. The filing indicates that Altria is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act, and has filed all required reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months. The company also confirmed it has submitted every Interactive Data File required by Rule 405 of Regulation S-T. While specific revenue and net income figures are not detailed in this amendment, the filing confirms the company's compliance with SEC reporting requirements for its Common Stock, $0.33 1/3 par value, and its 1.700% Notes due 2025, 2.200% Notes due 2027, and 3.125% Notes due 2031, all listed on the New York Stock Exchange. This amendment primarily addresses regulatory compliance and does not introduce new financial performance data or significant business changes.
Why It Matters
This 10-K/A filing from Altria Group, Inc. (MO) primarily serves as a regulatory update, confirming the company's adherence to SEC reporting standards for the fiscal year ended December 31, 2024. For investors, it signals operational stability and transparency, as the company has met its filing obligations, including Interactive Data Files. While not revealing new financial data, it reinforces confidence in Altria's governance, which is crucial in a highly regulated industry facing competitive pressures from evolving nicotine product markets. This compliance helps maintain investor trust and market liquidity for its listed securities.
Risk Assessment
Risk Level: low — The risk level is low because this 10-K/A is an amendment primarily confirming regulatory compliance for the fiscal year ended December 31, 2024. It explicitly states Altria is a "well-known seasoned issuer" and has filed "all reports required" by the Securities Exchange Act of 1934, indicating strong adherence to SEC regulations. No new material financial or operational risks are introduced in this amendment.
Analyst Insight
Investors should view this 10-K/A as a routine regulatory update, not a catalyst for immediate action. It confirms Altria's strong compliance posture, which is a positive for long-term stability, but does not provide new financial data to alter investment theses. Continue to monitor future filings for actual financial performance and strategic shifts.
Key Numbers
- 2024-12-31 — Fiscal Year End (Period covered by the amended annual report)
- 1-08940 — Commission File Number (SEC identification for Altria Group, Inc.)
- 0000764180 — Central Index Key (CIK) (Unique identifier for Altria Group, Inc. with the SEC)
Key Players & Entities
- ALTRIA GROUP, INC. (company) — Registrant filing the 10-K/A
- SEC (regulator) — Securities and Exchange Commission, requiring the filing
- New York Stock Exchange (regulator) — Exchange where Altria's securities are registered
- $0.33 1/3 (dollar_amount) — Par value of Common Stock
- 1.700% (dollar_amount) — Interest rate of Notes due 2025
- 2.200% (dollar_amount) — Interest rate of Notes due 2027
- 3.125% (dollar_amount) — Interest rate of Notes due 2031
FAQ
What is the primary purpose of Altria's 10-K/A filing?
The primary purpose of Altria's 10-K/A filing is to amend its annual report for the fiscal year ended December 31, 2024, specifically confirming its status as a well-known seasoned issuer and its compliance with SEC reporting requirements, including the submission of all Interactive Data Files.
Did Altria's 10-K/A filing include new financial results for 2024?
No, Altria's 10-K/A filing did not include new financial results. It primarily focused on regulatory compliance and amendments to the previously filed annual report for the fiscal year ended December 31, 2024, without introducing updated revenue or net income figures.
What does 'well-known seasoned issuer' mean for Altria?
For Altria, being a 'well-known seasoned issuer' as defined in Rule 405 of the Securities Act means the company meets specific criteria related to market capitalization and timely filing of SEC reports, allowing for more flexible and expedited registration processes for securities offerings.
Which securities of Altria are registered on the New York Stock Exchange?
Altria's Common Stock, $0.33 1/3 par value, 1.700% Notes due 2025, 2.200% Notes due 2027, and 3.125% Notes due 2031 are all registered on the New York Stock Exchange, as indicated in the 10-K/A filing.
Has Altria submitted all required Interactive Data Files?
Yes, Altria has indicated by check mark in the 10-K/A that it has submitted electronically every Interactive Data File required pursuant to Rule 405 of Regulation S-T during the preceding 12 months.
What is Altria's fiscal year end?
Altria's fiscal year end is December 31, as stated in the 10-K/A filing for the period ended December 31, 2024.
What is Altria's business address?
Altria's business address is 6601 West Broad Street, Richmond, Virginia 23230, with a business phone number of (804) 274-2200, according to the filing.
What is the significance of Amendment No. 1 in Altria's 10-K/A?
Amendment No. 1 signifies that this 10-K/A is the first amendment to Altria's original annual report for the fiscal year ended December 31, 2024, typically made to correct or update specific information without re-filing the entire document.
How does this 10-K/A impact investors in Altria?
This 10-K/A primarily reassures investors about Altria's adherence to regulatory obligations, confirming transparency and good corporate governance. It does not present new financial performance data, so its direct impact on investment decisions is minimal, but it reinforces confidence in the company's operational integrity.
What was Altria's former company name before 2003?
Before January 27, 2003, Altria Group, Inc. was formerly known as Philip Morris Companies Inc., with a name change also occurring on July 3, 1992, from an earlier name.
Industry Context
Altria Group operates in the tobacco industry, a sector facing significant secular decline in traditional cigarette volumes due to health concerns and regulatory pressures. The industry is characterized by high brand loyalty, substantial excise taxes, and ongoing shifts towards reduced-risk products (RRPs) and alternative nicotine delivery systems. Competition is intense among major players, with a constant need to adapt to evolving consumer preferences and a challenging regulatory environment.
Regulatory Implications
Altria operates under stringent regulations from bodies like the FDA, impacting product development, marketing, and sales. The company's compliance with reporting requirements, as evidenced by this 10-K/A filing, is crucial for maintaining investor confidence and avoiding penalties. Future regulatory actions, such as potential flavor bans or further restrictions on nicotine content, represent ongoing risks.
What Investors Should Do
- Review original 10-K for detailed financial performance.
- Monitor upcoming earnings reports for performance updates.
- Assess the impact of ongoing regulatory developments.
Key Dates
- 2024-12-31: Fiscal Year End — This is the period covered by the amended annual report, indicating the scope of the financial data being updated or confirmed.
- 2025-06-04: Filing Date of 10-K/A Amendment No. 1 — This is the date the amendment was officially submitted to the SEC, marking the most recent update to the company's annual report.
- 2025-02-14: Previous Filing Date (implied) — This date likely represents the original filing of the 10-K for the fiscal year ended December 31, 2024, before the amendment was filed.
Glossary
- 10-K/A
- An amended annual report filed with the SEC. The 'A' signifies an amendment to a previously filed report. (This filing type indicates that Altria is correcting or supplementing information in its original annual report.)
- Well-known seasoned issuer
- A company that meets specific SEC criteria, including having a public float of at least $700 million and being subject to the reporting requirements of the Exchange Act for at least 12 calendar months. (Altria's status as a well-known seasoned issuer allows for streamlined reporting processes.)
- Rule 405 of the Securities Act
- Defines terms used in securities regulations, including 'well-known seasoned issuer'. (This rule is cited to confirm Altria's status and eligibility for certain reporting accommodations.)
- Regulation S-T
- A set of SEC rules governing the electronic submission of filings, including requirements for Interactive Data Files. (Altria's confirmation of submitting Interactive Data Files demonstrates compliance with modern electronic filing standards.)
- Interactive Data File
- A file formatted using XBRL (eXtensible Business Reporting Language) that allows for machine-readable financial data. (Submission of these files is a key requirement for many public companies, ensuring data can be easily analyzed.)
- $0.33 1/3 par value
- The nominal or face value assigned to each share of common stock, which is typically a very small amount. (This is a legal designation for Altria's common stock, listed on the NYSE under the ticker MO.)
- 1.700% Notes due 2025
- A specific debt issuance by Altria Group, Inc., with a coupon rate of 1.700% that matures in 2025. (These are among the company's listed debt securities on the NYSE, indicating its capital structure.)
- Central Index Key (CIK)
- A unique identifier assigned to each entity that files with the SEC. (The CIK (0000764180) is used to track all filings made by Altria Group, Inc.)
Year-Over-Year Comparison
This filing is an amendment (10-K/A) to the annual report for the fiscal year ended December 31, 2024. As such, it does not present a year-over-year comparison of financial metrics. The amendment's purpose is to correct or supplement information in the original filing, rather than to introduce new performance data or highlight changes from the prior fiscal year. Investors should refer to the original 10-K filing for the fiscal year ended December 31, 2023, to conduct a comparative analysis.
Filing Details
This Form 10-K/A (Form 10-K/A) was filed with the SEC on June 4, 2025 regarding ALTRIA GROUP, INC. (MO).