Ati Inc 8-K, filed Mar 2, 2023
Ati Inc (ATI)
8-K
2023-03-02
For: 2023-03-01
View Original
Added on
April 12, 2026
About this 8-K
Ati Inc filed this 8-K on March 2, 2023, reporting on events of March 1, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 1, 2023
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(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code (800 ) 289-7454
N/A
(Former name or former address, if changed since last report).
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On March 1, 2023, Ruby Sharma was appointed to the Board of Directors (the “Board”) of ATI Inc. (“ATI”) as a Class I director. Ms. Sharma will serve on the Audit and Risk Committee and the Technology Committee of the Board and has been designated as an Audit Committee Financial Expert for purposes of Item 407(d)(5) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
Ms. Sharma was Managing Partner of RNB Strategic Advisors, a strategic advisory firm, from September 2018 to August 2022. She previously served as a Partner at Ernst & Young LLP from 2002 until her retirement in December 2017. Prior to that, Ms. Sharma was Senior Manager of Forensic and Litigation Services at Arthur Anderson. She currently serves as a member of the board of directors of ShotSpotter, Inc. (NASDAQ: SSTI), Nautilus, Inc. (NYSE: NLS), Aspira Women’s Health Inc. (NASDAQ: AWH) and Southwest Gas Holdings, Inc. (NYSE: SWX). She previously served as the Chair of the Audit Committee at Penn Medicine Princeton Health, as a board trustee for the National Ascend Organization and a member of the Asia Society Business Council.
The Board has determined that Ms. Sharma is an independent director under applicable New York Stock Exchange listing requirements and the Board’s own independence standards, which are included in the Company’s Corporate Governance Guidelines. As a non-employee member of the Board, she will receive the standard compensation paid to non-employee directors for service on the Board.
The Company issued a press release on March 2, 2023 to announce the appointment of Ms. Sharma to the Board, which is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Exhibit.
| (d) | Exhibit 99.1 | |||||||
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
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 hereunto duly authorized.
| ATI Inc. | ||||||||||||||
| By: | /s/ Elliot S. Davis | |||||||||||||
| Elliot S. Davis | ||||||||||||||
| Senior Vice President, Chief Legal and Compliance Officer | ||||||||||||||
| Dated: | March 2, 2023 | |||||||||||||
NEWS RELEASE| ATI Inc. | Investor Contact: | Media Contact: | ||||||
| Corporate Headquarters | Tom Wright | Natalie Gillespie | ||||||
| 2021 McKinney Avenue | 412-258-4781 | 412-394-2850 | ||||||
| Dallas, TX 75201 U.S.A. | tom.wright@ATImaterials.com | natalie.gillespie@ATImaterials.com | ||||||
| www.ATImaterials.com | ||||||||
Global Financial Expert Ruby Sharma Joins ATI Board
DALLAS, TX—March 2, 2023—ATI Inc. (NYSE: ATI) today announced that Ruby Sharma has been appointed to the ATI Board of Directors. Sharma is a global business leader with cross-sector financial and audit committee expertise. She has a track record of strengthening regulator and investor relationships, and incorporating diversity, equity and inclusion with Fortune 500 multi-national corporations.
Sharma served as Managing Partner of RNB Strategic Advisors from 2018 to 2022, where she guided public and private companies in executing organizational strategies and optimizing profitable growth. Prior to that, she was senior partner at Ernst & Young for 15 years until her retirement in 2017. She was a Principal for The Center for Board Matters at EY, having developed and built EY’s global strategy and execution infrastructure for governance services to boards and C-suites.
“Ruby is a renowned financial expert in the field of audit and risk,” said ATI Board Chair, President, and CEO Robert S. Wetherbee. “Her expertise in financial oversight and transformational change and work as a change enabler will be invaluable to ATI and our Board. Ruby’s broad global perspective – developed across multiple cultures, geographies, and business experiences – will help us continue to accelerate in our transformation to an aerospace and defense leader,” said Wetherbee. “We look forward to benefitting from her international expertise driving accountability and governance to develop resilient, sustainable businesses that add shareholder value.”
“ATI is an innovation powerhouse with a history of transformational change,” said Sharma. “It’s strong in high-performing industries, and I look forward to sharing my expertise to help ATI continue to sustainably grow.”
Sharma holds a Bachelor of Arts in Economics from Delhi University, India, and completed the Executive Program at the Kellogg School of Management. She is a Fellow Chartered Accountant in the U.K. She served as a longtime member of the Center for Audit Quality’s Audit Committee Effectiveness Task Force and the American Institute of Certified Public Accountants (AICPA), serving on its Forensic Litigation Services Subcommittee. She has authored several audit committee handbooks, guides and white papers on governance, value protection and diversity and inclusion topics.
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ATI: Proven to Perform.
ATI (NYSE: ATI) is a global producer of high performance materials and solutions for the global aerospace and defense markets, and critical applications in electronics, medical and specialty energy. We’re solving the world’s most difficult challenges through materials science. We partner with our customers to deliver
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extraordinary materials that enable their greatest achievements: their products fly higher and faster, burn hotter, dive deeper, stand stronger and last longer. Our proprietary process technologies, unique customer partnerships and commitment to innovation deliver materials and solutions for today and the evermore challenging environments of tomorrow. We are proven to perform anywhere. Learn more at ATImaterials.com.
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