PM 8-K: Smart Summary
86% reductionPhilip Morris International Inc. (PMI) held its 2026 Virtual Annual Meeting of Shareholders on May 6, 2026, where Chairman André Calantzopoulos and Group CEO Jacek Olczak addressed shareholders. Olczak highlighted PMI's fifth consecutive year of volume growth in 2025, annual net revenues surpassing $40 billion, and continued confidence in best-in-class growth for 2026-2028. Shareholders elected 10 directors, approved executive compensation on an advisory basis, ratified PricewaterhouseCoopers SA as auditors, and voted against a shareholder proposal.
Item 7.01: Regulation FD Disclosure
Item 7.01
- PMI held its 2026 Virtual Annual Meeting of Shareholders on May 6, 2026, with André Calantzopoulos, Chairman of the Board, addressing shareholders and Jacek Olczak, Group CEO PMI, delivering a business presentation.
- Approximately 81% of the shares entitled to vote were represented at the meeting in person or by proxy.
- Annual net revenues surpassed $40 billion in 2025, including close to $17 billion from PMI's smoke-free business.
- PMI delivered its fifth consecutive year of volume growth in 2025, with excellent revenue performance and significant margin expansion.
- The smoke-free business accounted for 43% of PMI's first-quarter 2026 total net revenues.
- As of December 31, 2025, PMI estimates its smoke-free products were used by over 43 million legal-age consumers around the world, with smoke-free products available for sale in over 105 markets.
- Since 2008, PMI has invested over $16 billion to develop, scientifically substantiate, and commercialize innovative smoke-free products.
- Continuation of best-in-class growth is targeted for 2026-2028, with a steadfast commitment to shareholder returns highlighted.
- Shareholders elected 10 nominees for director; approved, on an advisory basis, the compensation of named executive officers; ratified the selection of PricewaterhouseCoopers SA as independent auditors; and voted against the shareholder proposal.
- An archived copy of the webcast will be available for approximately one year from the date of the meeting at www.virtualshareholdermeeting.com/PM2026.
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