8-KOther EventsExhibits & Filings

ALTRIA GROUP, INC. 8-K Report, Corporate Update (Mar 20, 2007)

Filed March 20, 2007For Securities:MO

Summary

This 8-K filing by Altria Group, Inc. (MO) on March 20, 2007, primarily announces key details regarding the distribution ratio for its spin-off of Kraft Foods Inc. (Kraft). This significant corporate action involves Altria shareholders receiving 0.692024 shares of Kraft Class A common stock for each share of Altria common stock held as of the March 16, 2007 record date. The filing also indicates the mailing of an Information Statement to these shareholders, which provides comprehensive details on the spin-off terms and distribution procedures. Investors should note that this 8-K serves as an official announcement of the mechanics for the Kraft spin-off, a strategic move that would fundamentally alter Altria's corporate structure and business focus. The precise distribution ratio and the accompanying Information Statement are crucial for shareholders to understand the value and implications of the shares they will receive in the newly independent Kraft entity.

Key Highlights

  • 1Altria Group, Inc. announced the distribution ratio for its spin-off of Kraft Foods Inc.
  • 2Altria shareholders will receive 0.692024 shares of Kraft Class A common stock for each share of Altria common stock owned.
  • 3The record date for determining shareholders eligible to receive Kraft shares was March 16, 2007.
  • 4An Information Statement detailing the spin-off terms and distribution procedures has been mailed to shareholders.
  • 5The filing incorporates by reference the press release and the Information Statement as exhibits.
  • 6This event marks a significant corporate restructuring for Altria Group, Inc.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce the distribution ratio for Altria Group, Inc.'s spin-off of Kraft Foods Inc. and to inform shareholders that an Information Statement detailing the spin-off has been mailed.

For each share of Altria common stock you owned as of the record date (March 16, 2007), you will receive 0.692024 shares of Kraft Class A common stock.

More detailed information about the terms and procedures of the Kraft spin-off can be found in the Information Statement, which was mailed to Altria shareholders of record as of March 16, 2007, and is incorporated as Exhibit 99.2 to this 8-K filing.

The record date of March 16, 2007, is significant because it determined which Altria shareholders were eligible to receive shares of Kraft Class A common stock in the spin-off.