Altria Files 10-K/A, Reaffirming Compliance for FY24

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

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

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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.

From the Filing

0000764180-25-000092.txt : 20250604 0000764180-25-000092.hdr.sgml : 20250604 20250604142455 ACCESSION NUMBER: 0000764180-25-000092 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250604 DATE AS OF CHANGE: 20250604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALTRIA GROUP, INC. CENTRAL INDEX KEY: 0000764180 STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111] ORGANIZATION NAME: 04 Manufacturing EIN: 133260245 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-08940 FILM NUMBER: 251022740 BUSINESS ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: (804) 274-2200 MAIL ADDRESS: STREET 1: 6601 WEST BROAD STREET CITY: RICHMOND STATE: VA ZIP: 23230 FORMER COMPANY: FORMER CONFORMED NAME: ALTRIA GROUP INC DATE OF NAME CHANGE: 20030127 FORMER COMPANY: FORMER CONFORMED NAME: PHILIP MORRIS COMPANIES INC DATE OF NAME CHANGE: 19920703 10-K/A 1 mo-20241231.htm 10-K/A mo-20241231 TRUE 2024 FY 0000764180 iso4217:USD xbrli:shares 0000764180 2024-01-01 2024-12-31 0000764180 mo:CommonStock0.3313ParValueMember 2024-01-01 2024-12-31 0000764180 mo:CommonStock1.700NotesDue2025Member 2024-01-01 2024-12-31 0000764180 mo:CommonStock2.200NotesDue2027Member 2024-01-01 2024-12-31 0000764180 mo:CommonStock3.125NotesDue2031Member 2024-01-01 2024-12-31 0000764180 2024-06-28 0000764180 2025-02-14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A Amendment No. 1 ☒      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2024 OR ☐      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from                      to                      Commission File Number 1-08940 ALTRIA GROUP, INC. (Exact name of registrant as specified in its charter) Virginia 13-3260245 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 6601 West Broad Street, Richmond, Virginia 23230 (Address of principal executive offices) (Zip Code) 804 - 274-2200 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbols Name of each exchange on which registered Common Stock, $0.33  1/3 par value MO New York Stock Exchange 1.700% Notes due 2025 MO25 New York Stock Exchange 2.200% Notes due 2027 MO27 New York Stock Exchange 3.125% Notes due 2031 MO31 New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. þ Yes ¨ No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ¨ Yes þ No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. þ Yes ¨ No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). þ Yes ¨ No Indicate by check