ALTRIA GROUP, INC. (NYSE:MO) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07. Submission of Matters to a Vote of Security Holders.
On May 18, 2017, Altria Group, Inc. (the “Company”) held its Annual Meeting of Shareholders (“Annual Meeting”). At the Annual Meeting, shareholders, among other actions, conducted an advisory vote on the frequency of future advisory votes on the compensation of the Company’s named executive officers. As reported in the Company’s Current Report on Form 8-K, filed on May 18, 2017, a majority of the votes cast on this proposal were cast in favor of holding such an advisory vote annually. After considering the outcome of this advisory vote, the Board of Directors of the Company, upon a recommendation of the Compensation Committee, determined at a meeting held on August 24, 2017, that future advisory votes on the compensation of the Company’s named executive officers will occur annually.
About ALTRIA GROUP, INC. (NYSE:MO)
Altria Group, Inc. is a holding company. The Company’s subsidiaries include Philip Morris USA Inc. (PM USA), which is engaged in the manufacture and sale of cigarettes in the United States; John Middleton Co. (Middleton), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and UST LLC (UST), which through its subsidiaries, including U.S. Smokeless Tobacco Company LLC (USSTC) and Ste. Michelle Wine Estates Ltd. (Ste. Michelle), is engaged in the manufacture and sale of smokeless tobacco products and wine. Its segments include smokeable products, smokeless products and wine. The smokeable products segment uses over four manufacturing and processing facilities. The smokeless products segment uses over four smokeless tobacco manufacturing and processing facilities located in Franklin Park, Illinois; Hopkinsville, Kentucky; Nashville, Tennessee, and Richmond, Virginia. Its wine segment uses approximately 11 wine-making facilities.