Altria Group (MO) Files 8-K: Operations, Personnel & Financials
Ticker: MO · Form: 8-K · Filed: Jan 30, 2025 · CIK: 764180
| Field | Detail |
|---|---|
| Company | Altria Group, INC. (MO) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.33, $1 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: operations, personnel, financials
Related Tickers: MO
TL;DR
MO dropped an 8-K detailing ops, board changes, and financials. Keep an eye on this.
AI Summary
Altria Group, Inc. (MO) filed an 8-K on January 30, 2025, reporting on results of operations and financial condition. The filing also covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements. Additionally, it includes Regulation FD disclosures, other events, and financial statements and exhibits.
Why It Matters
This 8-K filing provides crucial updates on Altria's operational and financial status, as well as significant changes in its board and executive team, impacting investor understanding of the company's direction.
Risk Assessment
Risk Level: medium — 8-K filings can contain significant corporate events, including financial results and personnel changes, which may impact stock price.
Key Players & Entities
- ALTRIA GROUP, INC. (company) — Filer
- 0000764180 (company) — Central Index Key
- 20250130 (date) — Filing Date
- 20250129 (date) — Period of Report
FAQ
What specific financial results or conditions are being reported in this 8-K?
The filing indicates 'Results of Operations and Financial Condition' are being reported, but specific details are not provided in the header information.
Were there any director departures or appointments mentioned?
Yes, the filing covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers'.
Does this filing include information on executive compensation?
Yes, the filing mentions 'Compensatory Arrangements of Certain Officers'.
What is the SIC code for Altria Group, Inc.?
The Standard Industrial Classification (SIC) code for Altria Group, Inc. is 2111, which corresponds to Cigarettes.
When was Altria Group, Inc. previously known as Philip Morris Companies Inc.?
Altria Group, Inc. was formerly known as Philip Morris Companies Inc. with a date of name change on 19920703.
Filing Stats: 947 words · 4 min read · ~3 pages · Grade level 8.8 · Accepted 2025-01-30 07:03:37
Key Financial Figures
- $0.33 — ange on which registered Common Stock, $0.33 1/3 par value MO New York Stock Exchan
- $1 billion — ry 29, 2025, the Board authorized a new $1 billion share repurchase program. The timing of
Filing Documents
- mo-20250129.htm (8-K) — 41KB
- exhibit991erq42024.htm (EX-99.1) — 907KB
- exhibit992erq42024.htm (EX-99.2) — 10KB
- altriamosaica62.jpg (GRAPHIC) — 6KB
- image.jpg (GRAPHIC) — 6KB
- 0000764180-25-000006.txt ( ) — 1215KB
- mo-20250129.xsd (EX-101.SCH) — 3KB
- mo-20250129_def.xml (EX-101.DEF) — 16KB
- mo-20250129_lab.xml (EX-101.LAB) — 30KB
- mo-20250129_pre.xml (EX-101.PRE) — 17KB
- mo-20250129_htm.xml (XML) — 5KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On January 30, 2025, Altria Group, Inc. ("Altria") issued a press release announcing its financial results for the year ended December 31, 2024. 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. Election of Director On January 29, 2025, Altria's Board of Directors (the "Board") increased the size of the Board from 10 to 11 directors and elected Richard S. Stoddart to the Board, in each case, effective February 3, 2025. The Board also elected Mr. Stoddart to the Board's Audit, Innovation and Nominating, Corporate Governance and Social Responsibility Committees, effective February 3, 2025. The Board affirmatively determined that Mr. Stoddart qualifies as an independent director under the New York Stock Exchange listing standards and Altria's standards for director independence. Mr. Stoddart will be compensated for his service on the Board pursuant to Altria's existing compensation program for non-employee directors, which is described under "Director Compensation" in Altria's proxy statement for its 2024 Annual Meeting of Shareholders (filed with the Securities and Exchange
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On January 30, 2025, in connection with Mr. Stoddart's election to the Board, 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 29, 2025, 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 January 30 , 202 5 (furnished under Item 2.02) 99.2 Altria Group, Inc. Press Release, dated January 30 , 202 5 (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: January 30, 2025 3