The company said shareholders elected 12 director nominees at its May 8, 2024 annual meeting, approved on an advisory basis the compensation of named executive officers, and ratified the selection of PricewaterhouseCoopers SA as independent auditors.

1. 01

   The company said shareholders elected 12 director nominees at its May 8, 2024 annual meeting, approved on an advisory basis the compensation of named executive officers, and ratified the selection of PricewaterhouseCoopers SA as independent auditors.

2. 02

   Approximately 80% of the shares entitled to vote were represented at the meeting in person or by proxy, the company said. It said final voting results will be included in Form 8-K, which it will file with the SEC in the coming days.

3. 03

   The company said Chief Executive Officer Jacek Olczak stated that smoke-free products reached nearly 40% of total net revenues and over 40% of gross profit in Q4 2023. The company said smoke-free business accounted for approximately 37% of total net revenues for full-year 2023.

4. 04

   The company said it has invested over $12.5 billion since 2008 to develop, scientifically substantiate and commercialize smoke-free products. It said that as of December 31, 2023, its smoke-free products were sold in 84 markets, and it estimates that approximately 33 million adults use them.

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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

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