10-K/APeriod: FY1999

ATI INC Annual Report (Amendment), Year Ended Dec 31, 1999

Filed June 28, 2000For Securities:ATI

Summary

This filing, an amendment to ATI INC's (ATI) 1999 10-K, primarily provides updated financial statements for several employee benefit plans, including the Allegheny Ludlum Retirement Savings Plan, the Teledyne 401(k) Plan, and the Oregon Metallurgical Corporation Savings Plan, among others. The amendment restates Item 8 (Financial Statements and Supplementary Data) and Item 14 (Exhibits, Financial Statement Schedules, and Reports on Form 8-K) of the original 1999 Form 10-K to incorporate these plan financial statements as required by Rule 15d-21 under the Exchange Act. For investors, the key takeaway is the detailed financial information of these employee benefit plans, which provides insights into the company's commitment to its employees' retirement security and the management of these funds. While this amendment does not contain core operational or financial performance data for ATI INC itself, it highlights the company's structure and its responsibilities towards its various employee groups across different subsidiaries and acquired entities, especially in the context of prior corporate restructurings like the spin-off of Teledyne Technologies Incorporated and Water Pik Technologies Inc. from Allegheny Teledyne (now Allegheny Technologies Incorporated).

Key Highlights

  • 1Amendment to the 1999 10-K, focusing on employee benefit plan financial statements.
  • 2Incorporates financial statements for six distinct employee benefit plans, including the Allegheny Ludlum Retirement Savings Plan and Teledyne 401(k) Plan.
  • 3Restates Item 8 (Financial Statements) and Item 14 (Exhibits) of the original 1999 10-K filing.
  • 4Provides details on the assets and changes in net assets available for benefits for these retirement and savings plans.
  • 5Notes significant corporate events, such as the name change from Allegheny Teledyne to Allegheny Technologies Incorporated and the spin-off of Teledyne Technologies and Water Pik Technologies.
  • 6Audited financial statements for each plan were prepared by Ernst & Young LLP.
  • 7The filing reflects ATI's compliance with SEC regulations regarding the reporting of employee benefit plan financial information.

Frequently Asked Questions

This filing is an amendment to ATI INC's 1999 10-K annual report. Its primary purpose is to restate and update Item 8 (Financial Statements) and Item 14 (Exhibits) to include the audited financial statements for several employee benefit plans, as required by SEC rules.

No, this amendment does not contain the core financial statements or operational performance data for ATI INC itself for the year ended December 31, 1999. It focuses specifically on the financial status of various employee retirement and savings plans sponsored by the company and its subsidiaries.

The filing includes financial statements for the Allegheny Ludlum Retirement Savings Plan, the 401(k) Savings Account Plan for Employees of the Washington Plant, the Savings and Security Plan of the Lockport and Waterbury Facilities of Allegheny Ludlum Corporation, the Allegheny Ludlum Corporation Personal Retirement and 401(k) Savings Account Plan, the Teledyne 401(k) Plan, and the Oregon Metallurgical Corporation Savings Plan.

The filing notes the name change of Allegheny Teledyne to Allegheny Technologies Incorporated and the spin-off of its Aerospace and Electronics and Consumer segments into Teledyne Technologies Incorporated and Water Pik Technologies Inc. These events impacted the composition of some of the investment funds within the employee plans.