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) September 20, 2013 (September 19, 2013)
Allegheny Technologies Incorporated
(Exact name of registrant as specified in its charter)
Delaware | 1-12001 | 25-1792394 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1000 Six PPG Place, Pittsburgh, Pennsylvania | 15222-5479 | |
(Address of principal executive offices) | (Zip Code) |
Registrants 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) | Departure of Named Executive Officer. |
On September 19, 2013, Allegheny Technologies Incorporated (the Company) issued a press release announcing that Gary J. Vroman resigned from the position of Executive Vice President, High Performance Forgings and Castings and President, ATI Ladish. Mr. Vroman will remain an employee of the Company through December 31, 2013 when he will retire. The full text of the press release is filed herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) | Exhibits. |
Exhibit 99.1 | Press release dated September 19, 2013. |
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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: September 20, 2013
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Exhibit 99.1
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NEWS RELEASE |
Allegheny Technologies Incorporated | Contact: | |||
Corporate Headquarters | Dan L. Greenfield | |||
1000 Six PPG Place | 412-394-3004 | |||
Pittsburgh, PA 15222-5479 U.S.A. www.ATImetals.com |
ATI Announces Operations Management Changes
Pittsburgh, PA, September 19, 2013 Allegheny Technologies Incorporated (NYSE:ATI) announced today that John D. Sims has been named Executive Vice President, High Performance Forgings and Castings, Primary Titanium Operations, and Engineered Alloys. Mr. Sims has also been named President of our ATI Ladish business unit. Mr. Sims continues to report to Rich Harshman, ATIs Chairman, President and Chief Executive Officer. Gary J. Vroman, previously responsible for ATI Ladish, announced his plans to retire effective December 31, 2013. Until his retirement, Mr. Vroman will be a Special Advisor reporting to Mr. Harshman.
John Sims is well-qualified to take on the additional responsibility for ATIs high performance forgings and castings business, said Rich Harshman. John brings a deep knowledge of and experience in our high performance titanium alloys, nickel-based alloys and superalloys operations. This experience and knowledge base is combined with Johns strong technical background and his established track record of strategy development and execution. John will bring a strong focus on lean manufacturing and operational excellence as we accelerate the pace of progress to enhance the technology leadership and competitive position of our high performance forgings and castings business.
Mr. Harshman continued, I would like to thank Gary Vroman for his more than 30 years of contributions and leadership that helped make ATI Ladish a technology leader in high performance forgings and castings. Garys support and efforts were critical to the successful integration of ATI Ladish upon the completion of ATIs acquisition of Ladish in May 2011. We wish Gary well in his future endeavors.
Mr. Sims will remain responsible for ATIs tungsten materials business until the completion of the sale of the business. On September 16, 2013, ATI announced that it had reached an agreement to sell its tungsten materials business to Kennametal Inc. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to be completed during the fourth quarter 2013. In addition, ATI Portland Forge, which has been reported in ATIs Engineered Products segment, is being integrated into ATI Ladish to improve operating and manufacturing efficiencies. As a result, beginning with the third quarter 2013 earnings results, ATI Portland Forge will be included in ATIs High Performance Metals segment results.
John Sims joined ATI in 1996 as a product metallurgist at our continuous bar and rod mill operations in Richburg, SC. He advanced through a variety of technical and operational responsibilities at ATI Allvac, including being named Vice President, Operations for ATI Allvac in 2002. In 2011, Mr. Sims was named Executive Vice President, ATI Primary Metals and Exotic Alloys and President, ATI Wah Chang. In February 2013, he was named Executive Vice President, Primary Titanium Operations, and Engineered Alloys and Products. Prior to joining ATI, Mr. Sims served in a variety of operational and staff assignments during a 14-year career in the United States Navy. He earned a B.S. Mechanical Engineering degree from the University of Florida, and a M.S. Mechanical/Materials Engineering degree from the Naval Post Graduate School.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on managements current expectations and include known and unknown risks, uncertainties and other factors, many of which we are unable to predict or control, that may cause our actual results, performance or achievements to materially differ from those expressed or implied 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 our filings with the Securities and Exchange Commission. We assume no duty to update our forward-looking statements.
Building the Worlds Best Specialty Materials Company
Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of approximately $4.6 billion for the twelve months ending June 30, 2013. ATI has approximately 10,900 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty metals solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, construction and mining, and machine and cutting tools. Our products include titanium and titanium alloys, nickel-based alloys and superalloys, engineered forgings and castings, zirconium, hafnium, and niobium alloys, grain-oriented electrical steel, stainless and specialty steels, and tungsten materials. The ATI website is www.ATImetals.com.
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