# EDGAR Filing Document

**Accession Number:** 0000764180
**File Stem:** 0000764180-25-000133
**Filing Date:** 2025-12
**Character Count:** 15329
**Document Hash:** 9cf186b224fd912acfd1f590df595598
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000764180-25-000133.hdr.sgml**: 20251211

**ACCESSION NUMBER**: 0000764180-25-000133

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251208

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251211

**DATE AS OF CHANGE**: 20251211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALTRIA GROUP, INC.
- **CENTRAL INDEX KEY:** 0000764180
- **STANDARD INDUSTRIAL CLASSIFICATION:** CIGARETTES [2111]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 133260245
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-08940
- **FILM NUMBER:** 251563495

**BUSINESS ADDRESS:**
- **STREET 1:** 6601 WEST BROAD STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23230
- **BUSINESS PHONE:** (804) 274-2200

**MAIL ADDRESS:**
- **STREET 1:** 6601 WEST BROAD STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23230

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALTRIA GROUP INC
- **DATE OF NAME CHANGE:** 20030127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHILIP MORRIS COMPANIES INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? mo-20251208

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**____________________________________________________________________________________________________________**

**FORM 8-K**

**________________________________________________________________________________________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): December 8, 2025**

**________________________________________________________________________________________________________________**

**ALTRIA GROUP, INC.** 

**(Exact name of registrant as specified in its charter)** 

**______________________________________________________________________________________________________________**

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| | | |
|:---|:---|:---|
| **Virginia** | **1-08940** | **13-3260245** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **6601 West Broad Street,** | **Richmond,** | **Virginia** | **23230** |
| **(Address of principal executive offices)** | | | **(Zip Code)** |

---

**Registrant's telephone number, including area code: (804) 274-2200** 

**_______________________________________________________________________________________________________________**

**(Former name or former address, if changed since last report.)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title of each class&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  | Trading Symbols | Name of each exchange on which registered |
| Common Stock, $0.33 1/3 par value | MO | New York Stock Exchange |
| &nbsp;&nbsp;2.200% Notes due 2027 | MO27 | New York Stock Exchange |
| &nbsp;&nbsp;3.125% Notes due 2031 | MO31 | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**Item 5.02.&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On December 8, 2025, William F. Gifford, Jr. informed the Board of Directors (the "Board") of Altria Group, Inc. ("Altria") of his decision to retire as a director of Altria and as Chief Executive Officer ("CEO"), effective May 14, 2026 at the conclusion of Altria's 2026 Annual Meeting of Shareholders ("2026 Annual Meeting"), having completed more than 30 years of distinguished service, including over five years as CEO. Accordingly, Mr. Gifford will not stand for reelection to the Board at the 2026 Annual Meeting.

On December 10, 2025, the Board elected Salvatore Mancuso to become Altria's CEO and Heather A. Newman to become Altria's Executive Vice President and Chief Financial Officer ("CFO"), in each case, effective May 14, 2026 at the conclusion of the 2026 Annual Meeting.

Mr. Mancuso, age 60, currently serves as Altria's Executive Vice President and CFO since 2020 and has been continuously employed by Altria or its subsidiaries in various positions since 1990.

Ms. Newman, age 48, currently serves as Altria's Senior Vice President, Chief Strategy & Growth Officer since March 2022, having previously served as Senior Vice President, Corporate Strategy from January 2020 through February 2022, and has been continuously employed by Altria or its subsidiaries in various positions since 1999.

Altria expects that Mr. Gifford will serve as a consultant to Altria upon his retirement through at least the end of 2026.

In connection with her election, Ms. Newman received a special grant of restricted stock units ("RSUs") valued at $1,500,000. The RSUs will vest on November 20, 2030.

Mr. Mancuso's compensation as Altria's CEO and any additional changes to Ms. Newman's compensation as Altria's CFO will be determined and approved by the Board's Compensation and Talent Development Committee at a later date.

**Item 7.01.&nbsp;&nbsp;&nbsp;&nbsp;Regulation FD Disclosure.**

On December 11, 2025, in connection with the transitions disclosed in Item 5.02 of this Current Report on Form 8-K, Altria issued a press release, a copy of which is attached as Exhibit 99.1 and is incorporated by reference in this Item 7.01.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Item 7.01 shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

**(d) Exhibits**

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| | |
|:---|:---|
| 99.1 | <u>[Altria Group, Inc. Press Release, dated December](exhibit991december112025pr.htm)[11](exhibit991december112025pr.htm)[, 2025 (furnished under Item 7.01)](exhibit991december112025pr.htm)</u> |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| ALTRIA GROUP, INC. | ALTRIA GROUP, INC. |
| By: | <u>/s/ W. HILDEBRANDT SURGNER, JR.</u> |
| Name: | W. Hildebrandt Surgner, Jr. |
| Title: | Vice President, Corporate Secretary and |
|  | Associate General Counsel |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

DATE:&nbsp;&nbsp;&nbsp;&nbsp;December 11, 2025

## Exhibit 99.1

**Exhibit 99.1**

![imagea.jpg](imagea.jpg)

**Altria Group, Inc. Announces Retirement of CEO Billy Gifford and Appointment of Sal Mancuso as Successor** 

RICHMOND, Va. – December 11, 2025 – Altria Group, Inc. (Altria) (NYSE: MO) announces today that Billy Gifford, Altria's Chief Executive Officer (CEO), has decided to retire, effective May 14, 2026 at the conclusion of the 2026 Annual Meeting of Shareholders (2026 Annual Meeting). Billy has had a distinguished career of over 30 years with the Altria family of companies and has served as Altria's CEO since 2020. Altria's Board of Directors (Board) has elected Salvatore (Sal) Mancuso to serve as Altria's CEO upon Billy's retirement. To facilitate a smooth transition, Billy plans to serve as a consultant to Altria upon his retirement through at least the end of 2026. Additionally, the Board elected Heather Newman to serve as Altria's Chief Financial Officer (CFO) effective May 14, 2026, at the conclusion of the 2026 Annual Meeting.

Sal joined Philip Morris USA (PM USA) in 1990 and has served in numerous leadership positions during his career at the Altria family of companies, including as Altria's Executive Vice President and CFO since 2020 and in various other roles in our strategy, finance and compliance organizations. He also currently serves on the board of directors of Anheuser-Busch InBev (ABI) as an Altria designee.

"We believe Sal has deep industry knowledge, a keen understanding of Altria's challenges and opportunities, and a commitment to our 2028 Enterprise Goals," said Board Chair Kathryn McQuade. "Our election of Sal as the next CEO is a result of our ongoing, long-term succession planning process, which included rigorous third-party assessments of multiple internal candidates and an evaluation of external talent in the consumer packaged goods industry. We believe Sal has transformational leadership skills and a results-driven mindset, coupled with the passion and grit to execute and deliver Altria's Vision."

"The Board is immensely grateful for Billy's extraordinary leadership and career at the Altria family of companies," said Ms. McQuade. "We respect his decision to focus on pursuing personal passions and congratulate him on a well-earned retirement. Billy became CEO at a turbulent and difficult time for our company. Under Billy's steady leadership, Altria has been able to address and navigate various challenges while focusing on our Vision and organization, maintaining the strength of our core businesses and delivering strong financial returns to our shareholders. His collaborative leadership style built a stronger leadership team and organization that we believe will continue to forge our path forward in Moving Beyond Smoking®."

"I've been honored and grateful to lead this amazing company alongside so many talented colleagues across the organization," said Billy. "I'm proud of the progress we've made over the past five years

Altria Client Services LLC

6601 West Broad Street, Richmond, VA 23230

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and will retire knowing the company is in good hands. I look forward to my next chapter, spending more time with my growing family and giving back to my community. I appreciate the Board's support of my decision and have great confidence in Sal's ability to lead the company going forward. He is driven, is committed to Altria's strategy, and values our fantastic employees. Altria has a bright future under his leadership."

"I'm humbled and honored to be elected Altria's next CEO," said Sal. "I thank Billy for his leadership of our great company. Billy and I have worked together for many years, and I'm committed to building upon the transformation he started and accelerating progress toward our Vision. We're Moving Beyond Smoking®, and I'm extremely excited about our future and leading the incredible talent who will take us there."

Heather's election as CFO is also the result of the Board's succession planning process. Heather joined the Altria family of companies in 1999 and has served as Altria's Chief Strategy and Growth Officer since March 2022. Heather currently oversees corporate strategy and development, international and new growth ventures, and our digital and transformation organization. She previously served in numerous leadership positions, including President and CEO, PM USA. "Heather is a highly respected, strategic and collaborative leader. I look forward to working closely with her as our next CFO," said Sal.

**<u>Altria's Profile</u>**

We have a leading portfolio of tobacco products for U.S. tobacco consumers age 21+. We are *Moving Beyond Smoking®* by responsibly: transitioning adult smokers to a smoke-free future; competing vigorously for existing smoke-free adult nicotine consumers; and exploring new growth opportunities — beyond the United States and beyond nicotine (Vision). To achieve our Vision, we will pursue initiatives designed to promote the long-term welfare of our company, our stakeholders, society at large and the environment.

Our wholly owned subsidiaries include leading manufacturers of both combustible and smoke-free products. In combustibles, we own PM USA, the most profitable U.S. cigarette manufacturer, and John Middleton Co. (Middleton), a leading U.S. cigar manufacturer. Our smoke-free portfolio includes ownership of U.S. Smokeless Tobacco Company LLC (USSTC), the leading global moist smokeless tobacco (MST) manufacturer, Helix Innovations LLC (Helix), a leading manufacturer of oral nicotine pouches, and NJOY, LLC (NJOY), an e-vapor manufacturer with products covered by marketing granted orders from the U.S. Food and Drug Administration (FDA). Additionally, we have a majority-owned joint venture, Horizon Innovations LLC (Horizon), for the U.S. marketing and commercialization of heated tobacco stick products.

Our equity investments include ABI, the world's largest brewer, and Cronos Group Inc. (Cronos), a leading Canadian cannabinoid company.

The brand portfolios of our operating companies include *Marlboro®, Black & Mild®, Copenhagen®, Skoal®, on!®* and *NJOY®*. Trademarks related to Altria referenced in this release are the property of Altria or our subsidiaries or are used with permission.

Learn more about Altria at www.altria.com and follow us on X, Facebook and LinkedIn.

Altria Client Services LLC

6601 West Broad Street, Richmond, VA 23230

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Investor Relations

Altria Client Services

(804) 484-8222

Media Relations

Altria Client Services

(804) 484-8897

www.altria.com/contact-us/media

Source: Altria Group, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;

Altria Client Services LLC

6601 West Broad Street, Richmond, VA 23230

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