Philip Morris (NYSE: PM) investors back board, reject filter-cost proposal
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Philip Morris International Inc. held its Annual Meeting of Shareholders, where a quorum of 1,262,402,035 shares of common stock was represented out of 1,558,530,268 shares outstanding as of the March 13, 2026 record date.
All ten nominated directors were elected, each receiving over 1.0 billion votes "For". Shareholders approved, on an advisory basis, the Company’s executive compensation with 1,058,797,023 votes in favor and 45,216,691 against. They also ratified the selection of PricewaterhouseCoopers SA as independent auditors for the fiscal year ending December 31, 2026, with 1,251,525,309 votes in favor.
A shareholder proposal requesting a report on filter cleanup costs and extended producer responsibility laws for filters received 51,045,096 votes "For" and 1,044,989,103 votes "Against", and was therefore defeated.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares outstanding: 1,558,530,268 shares
Quorum shares represented: 1,262,402,035 shares
Say-on-pay For votes: 1,058,797,023 votes
+4 more
7 metrics
Shares outstanding
1,558,530,268 shares
Common stock issued and outstanding as of March 13, 2026 record date
Quorum shares represented
1,262,402,035 shares
Common stock represented in person or by proxy at Annual Meeting
Say-on-pay For votes
1,058,797,023 votes
Advisory vote approving executive compensation
Auditor ratification For votes
1,251,525,309 votes
Ratification of PricewaterhouseCoopers SA for fiscal year ending December 31, 2026
Filter report proposal For votes
51,045,096 votes
Shareholder proposal on filter cleanup costs and extended producer responsibility
Filter report proposal Against votes
1,044,989,103 votes
Votes opposing shareholder proposal on filter cleanup costs
Director example For votes
1,101,901,996 votes
Votes For director nominee Brant Bonin Bough
Key Terms
Annual Meeting of Shareholders, Broker Non-Vote, advisory vote, independent auditors, +1 more
5 terms
Broker Non-Vote financial
"Name | For | Against | Abstain | Broker Non-Vote"
advisory vote financial
"The proposal was approved on an advisory basis."
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
independent auditors financial
"Ratification of the Selection of PricewaterhouseCoopers SA as Independent Auditors"
Independent auditors are outside, licensed accountants who examine a company’s books, records and internal controls and issue an objective opinion on whether the financial statements accurately reflect the business’s financial position. Investors treat their report like a neutral inspector’s stamp — it increases trust, makes financial results easier to compare, and alerts readers if there are errors, omissions or other problems that could affect investment decisions.
extended producer responsibility laws financial
"Shareholder Proposal to Issue a Report on Filter Cleanup Costs and Extended Producer Responsibility Laws for Filters."
FAQ
What was the quorum at Philip Morris International (PM)'s 2026 annual meeting?
A quorum of 1,262,402,035 common shares was represented at the meeting. This compares with 1,558,530,268 shares of common stock issued and outstanding as of the March 13, 2026 record date, indicating broad shareholder participation.
Were Philip Morris International (PM)'s director nominees elected at the 2026 annual meeting?
All ten director nominees were elected, each receiving over 1.0 billion votes in favor. For example, Brant Bonin Bough received 1,101,901,996 votes "For" and André Calantzopoulos received 1,085,982,101 votes "For", confirming strong shareholder support.
Which securities of Philip Morris International (PM) are listed on the New York Stock Exchange?
Philip Morris International’s common stock, no par value, trades under the symbol PM. Multiple series of notes, including 0.125% Notes due 2026 and 4.250% Notes due 2044, are also listed on the New York Stock Exchange under various symbols like PM26B and PM44.