-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G1OqOMK0yezsV2s+UMpcS+FxyQa7DGs43YF55AZD0fcWEjQNhQdVr0YEy2kT5KhF P8IzgK30VRI/KxZBDYwS6A== 0001157523-07-002341.txt : 20070305 0001157523-07-002341.hdr.sgml : 20070305 20070305090935 ACCESSION NUMBER: 0001157523-07-002341 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070305 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070305 DATE AS OF CHANGE: 20070305 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLEGHENY TECHNOLOGIES INC CENTRAL INDEX KEY: 0001018963 STANDARD INDUSTRIAL CLASSIFICATION: STEEL PIPE & TUBES [3317] IRS NUMBER: 251792394 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12001 FILM NUMBER: 07669704 BUSINESS ADDRESS: STREET 1: 1000 SIX PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 4123942800 MAIL ADDRESS: STREET 1: 100 SIX PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 FORMER COMPANY: FORMER CONFORMED NAME: ALLEGHENY TELEDYNE INC DATE OF NAME CHANGE: 19960716 8-K 1 a5347878.txt ALLEGHENY TECHNOLOGIES INCORPORATED 8-K 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) March 5, 2007 ------------------------------- Allegheny Technologies Incorporated - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-12001 25-1792394 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) 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: |_| Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01. Other Events. On March 5, 2007, Allegheny Technologies Incorporated (the "Company") announced that the United Steelworkers (USW) represented employees at the Company's ATI Allegheny Ludlum and ATI Albany, OR titanium operations ratified new four-year labor agreements. The new agreements expire on June 30, 2011 and succeed existing contracts that run through June 30, 2007. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit 99.1 Press release dated March 5, 2007. 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/ Jon D. Walton ----------------------------------------- Jon D. Walton Executive Vice President, Human Resources, Chief Legal and Compliance Officer Dated: March 5, 2007 EXHIBIT INDEX ------------- Exhibit No. Description - ----------- --------------------------------------------------------------- Exhibit 99.1 Press release dated March 5, 2007. EX-99.1 2 a5347878ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 Allegheny Technologies Employees at Certain Operations Ratify New Labor Agreements PITTSBURGH--(BUSINESS WIRE)--March 5, 2007--Allegheny Technologies Incorporated (NYSE:ATI) announced today that the United Steelworkers (USW) represented employees at the Company's ATI Allegheny Ludlum and ATI Albany, OR titanium operations ratified new four-year labor agreements. The new agreements expire on June 30, 2011, and succeed existing contracts that run through June 30, 2007. "We are pleased with the outcome of the ratification vote," said Patrick Hassey, Chairman, President and Chief Executive Officer of Allegheny Technologies. "The agreements are fair and balanced for both the Company and the affected employees. Ratification of new agreements months before the old agreements were due to expire allows ATI to continue a reliable supply of specialty metals to our customers from our Allegheny Ludlum and Albany, OR operations during very good market conditions. "Importantly, these labor agreements maintain the new work environment that began at Allegheny Ludlum with the implementation of our progressive labor agreement in 2004. Allegheny Ludlum's cost structure continues to be competitive and employees receive a good compensation package." Highlights of the agreements include: -- Wage and benefit increases that are in line with anticipated inflation. -- The Allegheny Ludlum contract provides for profit sharing above a specified minimum pre-tax profit at the Allegheny Ludlum operations, and is capped to provide for no more than $20 million of profit sharing payments over the 4-year life of the contract. Any profit sharing payments made under this provision are contributed to an independently administered VEBA (Voluntary Employee Benefit Arrangement) trust. -- The cap on post-retirement benefits (OPEB) negotiated as part of the previous contracts remains in effect. As a result of the new agreements, ATI expects to record a non-recurring after-tax special charge of approximately $4 million, or $0.04 per share, in the first quarter 2007. This news release contains forward-looking statements, including those related to the ratification of tentative collective bargaining agreements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Allegheny Technologies' filings with the Securities and Exchange Commission. We assume no duty to update our forward-looking statements. Building the World's Best Specialty Metals Company(TM) Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of $4.9 billion during 2006. ATI has approximately 9,500 full-time employees world-wide who use innovative technologies to offer growing global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, chemical process industry/oil and gas, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, grain-oriented silicon electrical steel and tool steels, and forgings and castings. The Allegheny Technologies website is www.alleghenytechnologies.com. CONTACT: Allegheny Technologies Incorporated Dan L. Greenfield, 412-394-3004 -----END PRIVACY-ENHANCED MESSAGE-----