Summary
Philip Morris Companies Inc. officially announced its corporate name change to Altria Group, Inc. on January 27, 2003. This strategic rebranding reflects the company's broader portfolio beyond its traditional tobacco operations and signals a new chapter for the organization. While the name has changed, the company's ticker symbol on the New York Stock Exchange, "MO", will remain the same, ensuring continuity for investors and the market. This name change is a significant event for shareholders as it signifies a shift in corporate identity and potentially a move towards diversification or a broader strategic focus. Investors should note that the underlying business operations, including its major subsidiaries like Philip Morris USA, are expected to continue. The new name, Altria Group, Inc., aims to better represent the company's evolving structure and future aspirations in the marketplace.
Key Highlights
- 1Corporate name change from Philip Morris Companies Inc. to Altria Group, Inc. effective January 27, 2003.
- 2The ticker symbol "MO" on the New York Stock Exchange will remain unchanged.
- 3The 8-K filing date was January 28, 2003, with the earliest event reported on January 27, 2003.
- 4This change reflects a broader corporate identity beyond its former name.
- 5The company is registered in Virginia with its principal executive offices in New York.
- 6The filing was signed by G. Penn Holsenbeck, Vice President, Associate General Counsel and Corporate Secretary.