-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, jbxNBEChDzdOIWTf91NIN4SlObjXtkxs39fb9piicuHIBxIz30dHAf3XldqAXLRn DToVYfyhgTfZ5HAAm9cl/Q== 0000950130-94-000316.txt : 19940302 0000950130-94-000316.hdr.sgml : 19940302 ACCESSION NUMBER: 0000950130-94-000316 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19940228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHILIP MORRIS COMPANIES INC CENTRAL INDEX KEY: 0000764180 STANDARD INDUSTRIAL CLASSIFICATION: 2111 IRS NUMBER: 133260245 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 33 SEC FILE NUMBER: 033-13210 FILM NUMBER: 94513481 BUSINESS ADDRESS: STREET 1: 120 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-880-38 424B3 1 PROSPECTUS SUPPLEMENT Rule No. 424(b)(3) Registration Nos. 33-13210 33-40110 PHILIP MORRIS INCORPORATED DEFERRED PROFIT-SHARING PLAN CHANGE IN CONTRIBUTION FORMULA - ------------------------------ Beginning with the calendar year 1994, Philip Morris Incorporated (Philip Morris) will make a contribution to the Deferred Profit-Sharing Plans on behalf of eligible employees equal to three percent of the operating profit of Philip Morris, but not more than 15 percent of annual eligible compensation. Operating profit generally means earnings before cumulative effect of accounting changes, discontinued operations and extraordinary items, interest and other debt expense, income taxes, contributions to the Trust for the Deferred Profit- Sharing Plans, contributions to incentive compensation plans, amortization of goodwill, unallocated corporate expenses and any minority interest. The total contributions to the Trust for the Deferred Profit-Sharing Plans may not be more than three percent of the consolidated pre-tax earnings of Philip Morris Companies Inc. before income taxes, contributions for incentive plans and contributions to the Trust for the Deferred Profit-Sharing Plans. The contributions are made, for salaried employees, to the Philip Morris Deferred Profit-Sharing Plan, and, for eligible hourly craft and production employees, to the Philip Morris Incorporated Deferred Profit-Sharing Plan and the Philip Morris Incorporated Deferred Profit-Sharing Plan for Craft Employees. This change will affect the calculation of the contribution for the 1994 Plan year which will be deposited in the Trust Fund for the Deferred Profit-Sharing Plans in February 1995. ___________________________________ This document is a summary of material modifications to the summary plan description to the Philip Morris Incorporated Deferred Profit-Sharing Plan and a supplement to a prospectus filed with the Securities and Exchange Commission. The date of this summary of material modifications and supplement is February 18, 1994. -----END PRIVACY-ENHANCED MESSAGE-----