Ati Inc 8-K, filed Mar 9, 2022
Ati Inc (ATI)
8-K
2022-03-09
For: 2022-03-09
View Original
Added on
April 12, 2026
About this 8-K
Ati Inc filed this 8-K on March 9, 2022.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
______________________
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 9, 2022
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(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (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).
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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):
| 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 Symbol(s) | Name of each exchange on which registered | ||||||||||||
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 8.01 Other Events.
On March 9, 2022, Allegheny Technologies Incorporated (the “Company”) issued a press release (the “Press Release”), announcing the termination of Uniti, LLC, its joint venture with Russian-based VSMPO-AVISMA (Verkhnaya Salda Metallurgical Production Association - Berezniki Titanium-Magnesium Works). The joint venture is expected to wind up no later than year-end 2022. 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 | |||||||
| 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/ Donald P. Newman | |||||||||||||
| Donald P. Newman | ||||||||||||||
| Executive Vice President, Finance and Chief Financial Officer | ||||||||||||||
| Dated: | March 9, 2022 | |||||||||||||
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 Announces Termination of Joint Venture with Russian-based VSMPO
PITTSBURGH, PA—March 9, 2022—Today, ATI (NYSE: ATI) announced the termination of Uniti, LLC, its joint venture with Russian-based VSMPO-AVISMA (Verkhnaya Salda Metallurgical Production Association - Berezniki Titanium-Magnesium Works) to market and sell a range of commercially pure titanium products. The joint venture primarily focused on selling to industrial markets such as power generation, chemical and petroleum processing, automotive, and transportation. It does not serve the aerospace, defense or medical markets. The joint venture is expected to wind up expeditiously, no later than year-end 2022.
“We appreciate our nearly 20-year collaboration and thank our partners for working with us to serve our shared customers,” said Kevin Kramer, board member of the joint venture and Chief Commercial & Marketing Officer of ATI.
ATI: Proven to Perform.
ATI (NYSE: ATI) is a $3 billion 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. 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. We partner with our customers to deliver extraordinary materials that enable their greatest achievements: their products fly higher and faster, burn hotter, dive deeper, stand stronger and last longer. Learn more at ATIMetals.com.
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