Philip Morris International Inc. (NYSE:PM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Philip Morris International Inc. (NYSE:PM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Story continues below

Item 5.02

Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers.
On December 6, 2016, the Board of Directors of Philip Morris
International Inc. (the Company) elected Mr. Massimo Ferragamo to
the Board of Directors, effective immediately. Mr. Ferragamo was
also elected a member of the Finance and Product Innovation and
Regulatory Affairs Committees. The Board of Directors determined
that Mr. Ferragamo is an independent director under the New York
Stock Exchange listing standards and the Companys Corporate
Governance Guidelines, as well as within the meaning of Rule
10A-3 of the Securities Exchange Act of 1934, as amended.
Mr. Ferragamo will be compensated for his service on the Companys
Board of Directors to the existing non-employee director
compensation programs. These compensation programs are described
in detail in the Companys proxy statement dated March 24, 2016
and filed with the Securities and Exchange Commission on such
date.
A copy of the press release issued by the Company announcing the
election of Mr. Ferragamo is attached as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein by
reference in its entirety.
Item 5.03
Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
In connection with the election of Mr. Ferragamo to the Board of
Directors, the Board of Directors amended Article II, Section 2
of its Amended and Restated By-Laws, in order to increase the
size of the Board from twelve (12) to thirteen (13) directors
effective as of December 6, 2016. The Companys Amended and
Restated By-Laws are attached hereto as Exhibit 3.1 to this
Current Report on Form 8-K and incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits
(d) Exhibits
3.1 Amended and Restated By-Laws of Philip Morris International
Inc. (effective as of December 6, 2016)
99.1 Philip Morris International Inc. Press Release dated
December 6, 2016


About Philip Morris International Inc. (NYSE:PM)

Philip Morris International Inc. is a holding company engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. The Company’s products are sold in over 180 markets. Its segments include European Union; Eastern Europe, Middle East & Africa; Asia, and Latin America & Canada. The Company’s premium price brands include Marlboro, Merit, Parliament and Virginia Slims; mid-price brands include L&M and Philip Morris, and other international brands include Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. Its local cigarette brands consist of Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Hope in the Philippines; Apollo-Soyuzand Optima in Russia; Morven Gold in Pakistan; Boston in Colombia, Belmont, Canadian Classics and Number 7 in Canada; Best in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

Philip Morris International Inc. (NYSE:PM) Recent Trading Information

Philip Morris International Inc. (NYSE:PM) closed its last trading session up +0.85 at 90.24 with 4,298,030 shares trading hands.

An ad to help with our costs