8-KLeadership ChangesExhibits & Filings

ATI INC 8-K Report, Executive Changes (Dec 7, 2007)

Filed December 7, 2007For Securities:ATI

Summary

This Form 8-K filing from Allegheny Technologies Incorporated (ATI), dated December 7, 2007, primarily reports a change in its Board of Directors. The key event is the election of J. Brett Harvey to the Board, increasing its size from ten to eleven directors. Mr. Harvey, who is the President and CEO of CONSOL Energy Inc., has also been appointed to the Nominating and Governance Committee. Investors should note that Mr. Harvey is considered an independent director under NYSE and ATI's own governance standards. His compensation as a non-employee director will be standard, including a grant of 67 restricted shares upon his election. This change signifies a potential expansion of the Board's expertise and oversight, though no specific strategic implications are detailed in this filing.

Key Highlights

  • 1J. Brett Harvey elected to ATI's Board of Directors as a Class III director, effective December 6, 2007.
  • 2The Board size has been increased from ten to eleven directors.
  • 3Mr. Harvey has been appointed to the Nominating and Governance Committee.
  • 4Mr. Harvey is identified as an independent director based on NYSE listing standards and company guidelines.
  • 5Mr. Harvey's current role is President and Chief Executive Officer of CONSOL Energy Inc.
  • 6Non-employee director compensation will be standard, including 67 restricted shares granted to Mr. Harvey upon election.
  • 7No reportable transactions or arrangements exist between Mr. Harvey and the company requiring disclosure under Item 404(a) of Regulation S-K.

Frequently Asked Questions

J. Brett Harvey has been elected as a director to Allegheny Technologies Incorporated's Board. He is also the President and Chief Executive Officer of CONSOL Energy Inc. and has been appointed to the Nominating and Governance Committee of ATI's Board.

Yes, the election of Mr. Harvey as a director has increased the size of ATI's Board of Directors from ten to eleven members.

Yes, the company has determined that Mr. Harvey is an independent director under the New York Stock Exchange listing requirements and ATI's own categorical Board independence standards.

As a non-employee director, Mr. Harvey will receive standard compensation paid to other non-employee directors. This includes a pro rata amount for his service in 2007 and a grant of 67 shares of restricted stock upon his election.