Altria 8-K Details Common Stock Par Value, Debt Notes

TL;DR

**Altria just updated its common stock par value and debt note details in an 8-K.**

AI Summary

Altria Group, Inc. filed an 8-K on February 1, 2024, reporting an event on January 29, 2024. The filing indicates the company's common stock has a par value of $0.3313 and mentions notes due in 2025 (1.700%), 2027 (2.200%), and 2031 (3.125%). This matters to investors because it provides updated financial instrument details, which are crucial for assessing the company's capital structure and debt obligations, potentially influencing future earnings and dividend capacity.

Why It Matters

This filing provides current details on Altria's common stock and outstanding debt, which are fundamental components of its financial health and investor returns.

Risk Assessment

Risk Level: low — This filing is primarily informational, updating basic financial instrument details without indicating any immediate negative events or significant changes.

Analyst Insight

A smart investor would note these details for their financial models, especially the debt maturity dates and interest rates, as they impact future cash flow and interest expense calculations. This filing doesn't warrant immediate action but provides foundational data.

Key Numbers

• $0.3313 — Common Stock Par Value (fundamental value assigned to each share of common stock)
• 1.700% — Notes Due 2025 Interest Rate (cost of debt for notes maturing in 2025)
• 2.200% — Notes Due 2027 Interest Rate (cost of debt for notes maturing in 2027)
• 3.125% — Notes Due 2031 Interest Rate (cost of debt for notes maturing in 2031)

Key Players & Entities

• ALTRIA GROUP, INC. (company) — the registrant filing the 8-K
• $0.3313 (dollar_amount) — par value of common stock
• 1.700% (dollar_amount) — interest rate for notes due 2025
• 2.200% (dollar_amount) — interest rate for notes due 2027
• 3.125% (dollar_amount) — interest rate for notes due 2031
• January 29, 2024 (date) — date of earliest event reported
• February 1, 2024 (date) — filing date of the 8-K

Forward-Looking Statements

• Altria's debt structure will remain stable in the short term, given the informational nature of this filing. (ALTRIA GROUP, INC.) — high confidence, target: 2024-07-29
• The par value of common stock will not change in the next year based on this filing. (ALTRIA GROUP, INC.) — high confidence, target: 2025-01-29

FAQ

Key Financial Figures

• $0.33 — ange on which registered Common Stock, $0.33 1/3 par value MO New York Stock Exchan
• $1 billion — irectors (the "Board") authorized a new $1 billion share repurchase program. The timing of

Filing Documents

• mo-20240129.htm (8-K) — 39KB
• exhibit991erq42023.htm (EX-99.1) — 878KB
• exhibit992erq42023.htm (EX-99.2) — 11KB
• altriamosaica62a.jpg (GRAPHIC) — 6KB
• imagea.jpg (GRAPHIC) — 6KB
• 0000764180-24-000007.txt ( ) — 1187KB
• mo-20240129.xsd (EX-101.SCH) — 3KB
• mo-20240129_def.xml (EX-101.DEF) — 16KB
• mo-20240129_lab.xml (EX-101.LAB) — 33KB
• mo-20240129_pre.xml (EX-101.PRE) — 17KB
• mo-20240129_htm.xml (XML) — 5KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On February 1, 2024, Altria Group, Inc. ("Altria") issued a press release announcing its financial results for the year ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 and incorporated by reference in this Item 2.02. In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information in Item 2.02 of this Current Report on Form 8-K shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended (the "Securities Act"), except as shall be expressly set forth by specific reference in such filing or document. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 29, 2024, Murray R. Garnick, Altria's Executive Vice President and General Counsel, announced his intention to retire effective April 1, 2024.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On February 1, 2024, in connection with Mr. Garnick's retirement, Altria issued a press release, a copy of which is attached as Exhibit 99.2 and is incorporated by reference in this Item 7.01. In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2, shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section. The information in Item 7.01 of this Current Report on Form 8-K shall not be incorporated by reference into any filing or other document pursuant to the Securities Act, except as shall be expressly set forth by specific reference in such filing or document.

01. Other Events

Item 8.01. Other Events. On January 31, 2024, Altria's Board of Directors (the "Board") authorized a new $1 billion share repurchase program. The timing of share repurchases under this program depends upon marketplace conditions and other factors, and the program remains subject to the discretion of the Board.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Altria Group, Inc. Press Release, dated February 1, 2024 (furnished under Item 2.02) 99.2 Altria Group, Inc. Press Release, dated February 1, 2024 (furnished under Item 7.01) 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101) 2

SIGNATURES

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. ALTRIA GROUP, INC. By: /s/ W. HILDEBRANDT SURGNER, JR. Name: W. Hildebrandt Surgner, Jr. Title: Vice President, Corporate Secretary and Associate General Counsel DATE: February 1, 2024 3

View Full Filing

View this 8-K filing on SEC EDGAR