-----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, cKHSwCI04uy6laG0m43SKytWTgLgnVk3dEECis5wMlzIjC68tZ5Un7Jw2SoVWOaE j2VyOJgBCx8ZnvLCdZ3iAQ== 0000950130-94-000317.txt : 19940302 0000950130-94-000317.hdr.sgml : 19940302 ACCESSION NUMBER: 0000950130-94-000317 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: 033-10218 FILM NUMBER: 94513484 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 NO. 33-10218 PHILIP MORRIS DEFERRED PROFIT-SHARING PLAN CHANGE IN CONTRIBUTION FORMULA - ------------------------------ Beginning with the calendar year 1994, each participating Operating Company will make a contribution on behalf of its eligible employees to the Trust for the Deferred Profit-Sharing Plans equal to 3 percent of its Operating Profit. Your share of your Operating Company's contribution is stated as a percentage of your annual compensation and cannot exceed 15 percent of annual eligible compensation. If you are employed by Philip Morris Companies Inc., Philip Morris Management Corp., Philip Morris International, Inc., Philip Morris Capital Corp. or any other participating company with less than 750 participants, the percentage of compensation contributed on your behalf is the percentage of compensation contributed on behalf of eligible employees of Philip Morris Incorporated (U.S.A.) or Miller Brewing Company and participating subsidiaries, whichever is greater. 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 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-----