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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) May 25, 1994
Philip Morris Companies Inc.
(Exact name of registrant as specified in its charter)
Virginia 1-8940 13-3260245
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
120 Park Avenue, New York, New York 10017-5592
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 880-5000
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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See Exhibits 99.1 and 99.2 attached.
Exhibits.
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99.1 Press Release of Philip Morris Companies Inc. dated May 25, 1994.
99.2 Press Release of Philip Morris Companies Inc. dated May 26, 1994.
SIGNATURE
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 thereunto duly authorized.
PHILIP MORRIS COMPANIES INC.
By: /s/ Hans G. Storr
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Hans G. Storr, Executive Vice
President and Chief Financial
Officer
Date: June 8, 1994
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Exhibit 99.1
[Philip Morris Companies Inc. Letterhead]
CONTACT: Nicholas M. Rolli
(212) 907-5332
Will Thoretz
(212) 907-5331
FOR IMMEDIATE RELEASE
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NEW YORK, May 25, 1994 -- Philip Morris Companies Inc. (NYSE: MO)
announced today the election to the Board of Directors and appointment of
Geoffrey C. Bible as Vice Chairman for Worldwide Tobacco. Additionally, R.
William Murray, currently a member of the Board, was appointed Vice Chairman
for Worldwide Food. Both will report directly to Michael A. Miles, Chairman
and Chief Executive Officer.
Mr. Bible, 56, was previously Executive Vice President, Worldwide
Tobacco. Mr. Murray, 58, was previously President and Chief Operating Officer.
The Board of Directors today declared a regular quarterly dividend of
$.69 a share on the company's common stock, payable on July 11, 1994 to
stockholders of record as of June 15, 1994.
The Board of Directors considered the previously announced possibility of
separating the company's food and tobacco businesses and decided to take no
action.
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Philip Morris U.S.A. . Philip Morris International Inc.
Kraft General Foods North America . Kraft General Foods International
Miller Brewing Company . Philip Morris Capital Corporation
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Exhibit 99.2
[Philip Morris Companies Inc. Letterhead]
CONTACT: Barry Holt
(212) 880-3475
Nicholas M. Rolli
(212) 880-3460
FOR IMMEDIATE RELEASE
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NEW YORK, May 26, 1994 -- In response to press and analyst inquiries,
Philip Morris Companies Inc. issued the following statement:
As we stated following our Board meeting yesterday, the Board of Directors took
no action on the separation of our food and tobacco businesses. It is not
anticipated that this issue will be before the Board in the foreseeable future.
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Philip Morris U.S.A. . Philip Morris International Inc.
Kraft General Foods North America . Kraft General Foods International
Miller Brewing Company . Philip Morris Capital Corporation
