8-KLeadership ChangesCorporate ChangesExhibits & Filings

ALTRIA GROUP, INC. 8-K Report, Executive Changes (Oct 29, 2004)

Filed October 29, 2004For Securities:MO

Summary

This Form 8-K filing from Altria Group, Inc. (MO) on October 29, 2004, primarily announces a change in its board composition and internal governance. The company has elected Mr. George Muñoz as a new director, effective immediately. This appointment is notable as there are no disclosed arrangements or related party transactions involving Mr. Muñoz, suggesting a potentially independent addition to the board. Furthermore, Altria's Board of Directors has approved an amendment to its By-Laws, increasing the size of the board from ten to eleven members. This structural adjustment allows for the addition of new directors and potentially signals a strategic move to enhance board oversight or expertise. Investors should note that specific committee assignments for Mr. Muñoz are yet to be determined.

Key Highlights

  • 1Appointment of George Muñoz as a new Director to the Board of Directors.
  • 2Mr. Muñoz's appointment is effective immediately.
  • 3No arrangements or understandings were disclosed regarding Mr. Muñoz's selection.
  • 4No related party transactions exist between Altria and Mr. Muñoz.
  • 5The size of the Board of Directors has been increased from ten to eleven members.
  • 6The By-Laws were amended to reflect the increase in board size.

Frequently Asked Questions

George Muñoz has been elected as a new Director to Altria's Board. The filing states there were no specific arrangements or understandings for his selection, and no related party transactions exist between him and Altria, suggesting his appointment may be based on his qualifications and expertise.

Altria's Board of Directors amended its By-Laws to increase its size from ten to eleven members. This allows for the addition of new directors like Mr. Muñoz and may indicate a strategic decision to enhance board capacity, diversity of thought, or oversight.

The filing indicates that the Board of Directors has not yet determined which committees Mr. Muñoz will be named to. Further announcements regarding his committee assignments are likely to follow.

The amendment to Article II, Section 2 of Altria's By-Laws formally increases the maximum number of directors allowed on the board. This change is necessary to accommodate the appointment of new directors and provides flexibility for future board composition.