Altria Group Elects Steven W. Presley to Board

What Happened

• Altria Group, Inc. filed an 8-K reporting that its Board increased from 10 to 11 directors and elected Steven W. Presley as a director, effective August 27, 2026. The Board also named Mr. Presley to the Compensation and Talent Development, Innovation, and Finance Committees and determined he meets NYSE and Altria independence standards.

Key Details

• Board size increased from 10 to 11 directors; Presley’s election effective August 27, 2026.
• Committee assignments: Compensation and Talent Development; Innovation; Finance.
• Board affirmatively determined Presley is an independent director under NYSE and Altria standards.
• Mr. Presley will receive the standard non-employee director compensation under Altria’s existing program (see Altria’s April 2, 2026 proxy statement).
• Altria issued a press release about the appointment dated August 28, 2026 (filed as Exhibit 99.1).

Why It Matters

• This is a governance update: adding an independent director and assigning him to key committees affects board oversight of pay, strategy/innovation and financial matters.
• There is no change to Altria’s executive management or reported financial results and no immediate material financial impact disclosed; director pay will follow the company’s existing non-employee compensation program.
• Investors monitoring corporate governance, committee composition, or board independence may view this as relevant to oversight and strategic direction.