8-K
Ati Inc (ATI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): July 6, 2021
Allegheny Technologies Incorporated
(Exact name of registrant as specified in its charter)
| Delaware | 1-12001 | 25-1792394 |
|---|---|---|
| (State or other jurisdiction<br> <br>of incorporation) | (Commission<br> <br>File Number) | (IRS Employer<br> <br>Identification No.) |
| 1000 Six PPG Place, Pittsburgh, Pennsylvania | 15222-5479 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (412) 394-2800
N/A
(Former name or former address, if changed since last report).
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):
| ☐ | Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br> <br>Symbol(s) | Name of each exchange<br> <br>on which registered |
|---|---|---|
| Common Stock, par value $0.10 per share | ATI | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 8.01 | Other Events. |
|---|
On July 6, 2021, Allegheny Technologies Incorporated (the “Company”) issued a press release (the “Press Release”) announcing that it has reached tentative agreement for its labor contract with the United Steelworkers covering approximately 1,300 represented employees located primarily within the Advanced Alloys & Solutions segment operations for the term covering March 1, 2021 to February 28, 2025. The press release is set forth in its entirety and attached as Exhibit 99.1 to this Form 8-K.
| Item 9.01. | Exhibit | |
|---|---|---|
| (d) | Exhibit 99.1 | Press Release dated July 6, 2021 |
| --- | --- | --- |
| 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.
| ALLEGHENY TECHNOLOGIES INCORPORATED | |
|---|---|
| By: | /s/ Elliot S. Davis |
| Elliot S. Davis | |
| Senior Vice President, General Counsel, | |
| Chief Compliance Officer and Corporate Secretary |
Dated: July 6, 2021
EX-99.1
Exhibit 99.1
| NEWS RELEASE | ||
|---|---|---|
| Allegheny Technologies Incorporated | Investor Contact: | Media Contact: |
| --- | --- | --- |
| Corporate Headquarters | Scott A. Minder | Natalie Gillespie |
| 1000 Six PPG Place | 412-395-2720 | 412-394-2850 |
| Pittsburgh, PA 15222-5479 U.S.A. | scott.minder@atimetals.com | natalie.gillespie@atimetals.com |
| www.ATImetals.com |
ATI and United Steelworkers Reach Tentative Agreement
PITTSBURGH, PA—July 6, 2021—Allegheny Technologies Incorporated (NYSE: ATI) announced it has reached tentative agreement for its labor contract with the United Steelworkers (USW) covering approximately 1,300 represented employees located primarily within the Advanced Alloys & Solutions segment operations for the term covering March 1, 2021 – February 28, 2025.
The tentative agreement is subject to ratification by USW members in the coming weeks. Once ratified, an orderly return to work process will begin.
“The efforts of both parties have resulted in a tentative agreement that rewards our hard-working employees and contributes to the long-term viability of ATI,” said Kim Fields, executive vice president of Advanced Alloys & Solutions and High Performance Materials & Components. “This enables stability for our employees, our customers, and our business.”
The agreement meets the objectives the company consistently stated throughout these negotiations, including controlling our exposure to future healthcare cost inflation. “We look forward to bringing our long-time employees back to work and working together to safely operate to deliver our commitments to customers,” said Fields.
The company remains on-track with its previously announced strategy to exit standard stainless sheet products.
Solving the World’s Challenges through Materials Science
ATI (NYSE: ATI) is a $3 billion global manufacturer solving the world’s most difficult challenges through materials science; advanced, integrated process technologies; and relentlessly innovative people. We serve customers whose demanding applications need to fly higher, dig deeper, stand stronger, and last longer— anywhere on, above, or below the earth. We partner to create new specialty materials in forms that deliver ultimate performance and long-term value in applications like jet engine forgings and 3D-printed aerospace components. We produce powders for forging and additive manufacturing; rolled materials, and finished components. Our specialty materials withstand extremes of temperature, stress and corrosion to improve and protect human lives every day. Learn more at ATIMetals.com.
1