8-KLeadership ChangesCorporate ChangesExhibits & Filings

ALTRIA GROUP, INC. 8-K Report, Executive Changes (Dec 17, 2004)

Filed December 17, 2004For Securities:MO

Summary

Altria Group, Inc. (MO) filed an 8-K report on December 17, 2004, detailing two key corporate governance changes. The company announced the election of Dr. Harold Brown to its Board of Directors, effective immediately, which expands the board's expertise. Concurrently, Altria's Board of Directors amended its By-Laws to increase the size of the Board from eleven to twelve members, accommodating the new appointment. These changes signal a proactive approach by Altria's leadership to potentially enhance strategic oversight and board effectiveness. Investors should note that Dr. Brown's appointment does not involve any undisclosed arrangements or related-party transactions. The increase in board size is a procedural step to align with the addition of a new director.

Key Highlights

  • 1Dr. Harold Brown was elected to Altria Group, Inc.'s Board of Directors, effective immediately.
  • 2The Board of Directors was expanded from eleven to twelve members.
  • 3The amendment to the By-Laws to increase the board size was effective as of December 15, 2004.
  • 4There are no known arrangements or understandings concerning Dr. Brown's selection as a director.
  • 5No related-party transactions exist between Altria and Dr. Brown.
  • 6The specific committee assignments for Dr. Brown are yet to be determined by the Board.

Frequently Asked Questions

This 8-K filing primarily announces two corporate governance events: the appointment of a new director, Dr. Harold Brown, and the corresponding increase in the size of the Board of Directors from eleven to twelve members.

This filing focuses on corporate governance changes and does not directly indicate any immediate financial impact. The appointment of a new director and the board size adjustment are structural changes to the company's governance framework.

Altria has stated that there are no arrangements or understandings pursuant to which Dr. Brown was selected as a director, and there are no related-party transactions between Altria and Dr. Brown, suggesting a clean appointment from a governance perspective.

The board size was increased from eleven to twelve members to accommodate the newly elected director, Dr. Harold Brown, ensuring proper representation and adherence to the company's governance structure.