8-KEarnings & ResultsLeadership ChangesRegulation FD+1

ALTRIA GROUP, INC. 8-K Report, Financial Results (Oct 28, 2021)

Filed October 28, 2021For Securities:MO

Summary

Altria Group, Inc. (MO) filed an 8-K on October 27, 2021, primarily to report on its third-quarter 2021 financial results and announce changes to its Board of Directors. The earnings press release, issued on October 28, 2021, provides details on the company's performance for the quarter ended September 30, 2021. While the specific financial figures are not detailed within this 8-K, the filing indicates that investors should refer to the accompanying earnings release for comprehensive results and commentary. In addition to financial updates, the report details a change in board composition. Director John T. Casteen III will retire upon completion of his current term and will not stand for re-election in 2022, in accordance with the company's retirement guidelines. Concurrently, Altria announced the election of two new independent directors, Marjorie M. Connelly and R. Matt Davis, to its Board, effective immediately. These new directors have also been assigned to key board committees.

Key Highlights

  • 1Altria announced its third-quarter 2021 financial results via an earnings press release filed as Exhibit 99.1.
  • 2Director John T. Casteen III is retiring and will not seek re-election in 2022 due to age guidelines.
  • 3Marjorie M. Connelly and R. Matt Davis were elected as new independent directors to the Board of Directors.
  • 4Ms. Connelly and Mr. Davis have been appointed to several key Board committees, including Audit, Innovation, and Nominating, Corporate Governance and Social Responsibility.
  • 5The company issued a separate press release (Exhibit 99.2) related to the director changes.
  • 6The information in Item 2.02, including the earnings release, is furnished and not deemed 'filed' for purposes of Section 18 of the Exchange Act.

Frequently Asked Questions

The 8-K filing indicates that Altria issued an earnings press release on October 28, 2021, detailing its financial results for the third quarter of 2021. Investors should refer to Exhibit 99.1 attached to this filing for the specific financial performance details.

Director John T. Casteen III is retiring in accordance with Altria's board retirement guidelines, which require directors to tender their resignation upon reaching age 75 by the next annual meeting date. Mr. Casteen, aged 77, will serve out his current term and not stand for re-election at the 2022 Annual Meeting.

Altria elected Marjorie M. Connelly and R. Matt Davis as new, independent directors to its Board, effective immediately on October 27, 2021.

Marjorie M. Connelly has been appointed to the Audit, Innovation, and Nominating, Corporate Governance and Social Responsibility Committees. R. Matt Davis has been appointed to the Finance, Innovation, and Nominating, Corporate Governance and Social Responsibility Committees.