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.