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Altria logoAltria MO

Altria said Vice President and Controller Steven D'Ambrosia will retire effective July 31, 2025, and announced his intention to retire on May 13. The Board elected Katie F. Patterson as Vice President and Controller on May 15, effective upon Mr. D'Ambrosia's retirement.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary

  1. Altria said Vice President and Controller Steven D'Ambrosia will retire effective July 31, 2025, and announced his intention to retire on May 13. The Board elected Katie F. Patterson as Vice President and Controller on May 15, effective upon Mr. D'Ambrosia's retirement.

  2. The company said Patterson, 39, has held accounting, financial reporting, investor relations, treasury and financial planning and analysis roles at Altria subsidiaries since 2013. Her annual base salary is $300,000, her annual incentive plan target is 50% of base salary, her LTIP target is $112,900 over a 3-year performance cycle, and her annual equity award target is $165,000.

  3. The company said shareholders approved the 2025 Performance Incentive Plan and the 2025 Stock Compensation Plan for Non-Employee Directors at its annual meeting on May 15, 2025. Twenty-five million shares of common stock are reserved for awards under the 2025 PIP, and one million shares are reserved for the Non-Employee Director Plan.

  4. The company said that 1,387,662,634 shares of its common stock were represented in person or by proxy at its annual meeting of shareholders, constituting 82.28% of shares outstanding. All 11 director nominees were elected. The proposal to ratify PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 2025 was approved, with 1,332,443,940 votes for.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Controller Transition: Steven D'Ambrosia Retires; Katie F. Patterson Elected

Altria said Vice President and Controller Steven D'Ambrosia will retire effective July 31, 2025, and announced his intention to retire on May 13. The Board elected Katie F. Patterson as Vice President and Controller on May 15, effective upon Mr. D'Ambrosia's retirement.

Source · Based on the filing body and exhibits

Patterson's Background and Compensation Structure

The company said Patterson, 39, has held accounting, financial reporting, investor relations, treasury and financial planning and analysis roles at Altria subsidiaries since 2013. Her annual base salary is $300,000, her annual incentive plan target is 50% of base salary, her LTIP target is $112,900 over a 3-year performance cycle, and her annual equity award target is $165,000.

Source · Based on the filing body and exhibits

Shareholders Approve 2025 PIP and Non-Employee Director Plan

The company said shareholders approved the 2025 Performance Incentive Plan and the 2025 Stock Compensation Plan for Non-Employee Directors at its annual meeting on May 15, 2025. Twenty-five million shares of common stock are reserved for awards under the 2025 PIP, and one million shares are reserved for the Non-Employee Director Plan.

Source · Based on the filing body and exhibits

Election of 11 Directors and Approval of PricewaterhouseCoopers Appointment

The company said that 1,387,662,634 shares of its common stock were represented in person or by proxy at its annual meeting of shareholders, constituting 82.28% of shares outstanding. All 11 director nominees were elected. The proposal to ratify PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 2025 was approved, with 1,332,443,940 votes for.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.