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Philip Morris International Spin-off
Compensation and Benefits Programs
The Board of Directors of Altria Group, Inc. (Altria) voted on January 30, 2008, to authorize the spin off of 100% of the shares of Philip Morris International Inc. (PMI) to Altria's shareholders. The distribution was made on March 28, 2008 (the Distribution Date), to Altria shareholders of record as of 5:00 p.m. New York City Time on March 19, 2008 (the Record Date). Altria distributed one share of PMI for every share of Altria stock outstanding as of the Record Date, based on the number of Altria shares outstanding at 5:00 p.m. New York City Time on that date. If you are an employee, a former employee or retiree, there is information that may affect you as a result of the Spin-off. This section provides information about how the Deferred Profit-Sharing (DPS) and Stock-Based Plans were affected by the PMI Spin-off.
Information Statement
Form 10 (pdf 659KB)
| If you invest in the Altria Stock investment option in the DPS Plan, be sure to read about how the Spin-off affected your account. |
Provides answers to common questions about how the Spin-off affected the Deferred Profit-Sharing and Stock-Based Plans.
The information provided in this section is designed to help you understand the effects of the Spin-off on your Deferred Profit-Sharing and Stock-Based Plans. This information was first published on January 30, 2008, and may be updated from time to time as necessary. Should information contained in this section conflict with the Plans, the Plans will govern. No information contained in this section should be viewed as a promise of future benefits or continued employment. |
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Glossary
Glossary terms are shown in colored links.
Related InformationOn Altria.com:
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