8-KShareholder MattersRegulation FDExhibits & Filings

ALTRIA GROUP, INC. 8-K Report, Shareholder Vote Results (May 20, 2010)

Filed May 20, 2010For Securities:MO

Summary

Altria Group, Inc. (MO) filed an 8-K on May 20, 2010, reporting the results of its Annual Meeting of Shareholders held on May 20, 2010. A significant majority of outstanding shares were represented, indicating strong shareholder engagement. The report details the voting outcomes for several key proposals. Key proposals approved include the election of all ten director nominees and the 2010 Performance Incentive Plan. Additionally, shareholders ratified the selection of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2010. However, two shareholder proposals, one concerning food insecurity and tobacco use, and another regarding human rights protocols for the company and its suppliers, were both defeated. The company also reaffirmed its 2010 earnings guidance in a press release issued in conjunction with the meeting.

Key Highlights

  • 1All ten director nominees were overwhelmingly elected by shareholders.
  • 2The 2010 Performance Incentive Plan was approved by a substantial majority of votes.
  • 3PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2010.
  • 4Shareholder proposals regarding food insecurity/tobacco use and human rights protocols were both defeated.
  • 5Altria reaffirmed its 2010 earnings guidance, indicating confidence in future performance.
  • 6Over 80% of the company's outstanding shares were represented at the Annual Meeting.

Frequently Asked Questions

The Annual Meeting saw the election of all director nominees, the approval of the 2010 Performance Incentive Plan, and the ratification of PricewaterhouseCoopers LLP as the independent auditor. Two shareholder proposals, one related to food insecurity and tobacco use, and another concerning human rights protocols, were defeated. Altria also reaffirmed its 2010 earnings guidance.

Yes, two shareholder proposals were voted down. One proposal was related to food insecurity and tobacco use, and the other was regarding the creation of human rights protocols for the company and its suppliers. Both proposals failed to gain majority shareholder support.

Yes, in a press release issued in conjunction with the Annual Meeting, Altria reaffirmed its earnings guidance for the fiscal year 2010, suggesting the company was on track to meet its financial targets.

A total of 1,676,148,793 shares of common stock were represented at the meeting, which constituted 80.49% of the outstanding shares as of the record date. This high level of representation suggests significant shareholder participation and interest in the company's governance and performance.