01—Abstract
Summary
Summary of the 10-K/A filed June 28, 2000. Cited figures are marked; the original filing is the authoritative source.
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).
02—Key points
Key Highlights
- Amendment to the 1999 10-K, focusing on employee benefit plan financial statements.
- Incorporates financial statements for six distinct employee benefit plans, including the Allegheny Ludlum Retirement Savings Plan and Teledyne 401(k) Plan.
- Restates Item 8 (Financial Statements) and Item 14 (Exhibits) of the original 1999 10-K filing.
- Provides details on the assets and changes in net assets available for benefits for these retirement and savings plans.
- Notes 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.
- Audited financial statements for each plan were prepared by Ernst & Young LLP.
- The filing reflects ATI's compliance with SEC regulations regarding the reporting of employee benefit plan financial information.
03—Questions
Frequently Asked Questions
What is the primary purpose of this filing?
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.
Does this filing provide ATI INC's operational or financial performance for 1999?
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.
What are some of the key employee benefit plans for which financial statements are included?
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.
What significant corporate events are mentioned in relation to these plans?
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.
04—Continue