8-KLeadership ChangesExhibits & Filings

ATI INC 8-K Report, Executive Changes (Feb 28, 2019)

Filed February 28, 2019For Securities:ATI

Summary

Allegheny Technologies Incorporated (ATI) announced a significant addition to its Board of Directors with the appointment of Leroy M. Ball, Jr. effective February 28, 2019. Mr. Ball brings extensive financial and operational leadership experience, having served as President and CEO of Koppers Holdings Inc. since 2015, with prior roles including COO and CFO at Koppers and CFO at Calgon Carbon, Inc. His appointment is investor-focused as he has been designated as an Audit Committee Financial Expert and will serve on key committees including Audit, Personnel & Compensation, and Technology. The Board has affirmed Mr. Ball's independence, aligning with NYSE listing standards and the company's governance policies. His addition is intended to strengthen the board's oversight and strategic guidance.

Key Highlights

  • 1Leroy M. Ball, Jr. appointed as a Class II director to the ATI Board of Directors.
  • 2Mr. Ball brings substantial executive experience, including CEO of Koppers Holdings Inc.
  • 3Designated as an Audit Committee Financial Expert, enhancing financial oversight.
  • 4Will serve on the Audit Committee, Personnel & Compensation Committee, and Technology Committee.
  • 5Determined to be an independent director by ATI's Board, meeting NYSE standards.
  • 6Appointment is effective immediately and Mr. Ball will stand for election at the 2019 Annual Meeting of Stockholders.
  • 7Company issued a press release on February 28, 2019, to announce the appointment.

Frequently Asked Questions

Leroy M. Ball, Jr. is a seasoned executive with extensive experience in finance and operations. He has served as President and CEO of Koppers Holdings Inc. since January 1, 2015, and previously held roles as COO and CFO at Koppers. Prior to that, he was the Senior Vice President and Chief Financial Officer of Calgon Carbon, Inc.

Mr. Ball's appointment is significant because he brings a wealth of financial expertise, as evidenced by his designation as an Audit Committee Financial Expert. His service on critical committees like Audit and Personnel & Compensation will provide enhanced oversight and strategic direction, directly benefiting shareholder interests.

The ATI Board of Directors has determined that Mr. Ball is an independent director under both New York Stock Exchange listing requirements and the Company’s categorical Board independence standards. He will serve as a Class II director and participate actively in the Audit Committee, the Personnel & Compensation Committee, and the Technology Committee.

Yes, as a non-employee director, Mr. Ball will receive the standard compensation package provided by the company for its non-employee board members.