Skip to content
AnalystLens

ATI INC 8-K Report, Executive Changes (Oct 21, 2021)

Reports
Leadership Changes·Exhibits & Filings
Filing Date
Filed October 21, 2021
Period End
October 21, 2021
Security
ATI
In the record · 2016–202610-K1110-Q328-K145

ATI filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 145 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · Oct ’16Oct ’16
  2. Leadership change8-K · Aug ’18Aug ’18
  3. Leadership change8-K · Dec ’20Dec ’20
  4. Material agreement8-K · Jun ’26Jun ’26

01—Abstract

Summary

Summary of the 8-K filed October 21, 2021. Cited figures are marked; the original filing is the authoritative source.

ATI Inc. announced a significant executive leadership change, appointing Kimberly A.

Fields as the new Executive Vice President and Chief Operating Officer, effective January 1, 2022. Ms. Fields, currently serving as Executive Vice President for both of the Company's business segments, brings extensive experience from various industrial and manufacturing leadership roles, including her prior positions at IDEX Corporation, EVRAZ, GE Energy, and Alcoa. This appointment signals a focus on operational leadership within ATI.

Ms. Fields' compensation package reflects her new role, with a base salary of $660,000a and substantial incentive opportunities under the Annual Incentive Plan (100% of base salary target) and Long-Term Incentive Plan (at least 250% of base salary grant-date fair market value). Investors should view this as a strategic move to strengthen operational execution and leverage Ms. Fields' proven track record in driving growth and efficiency within complex industrial organizations.

02—Key points

Key Highlights

  1. Kimberly A. Fields appointed Executive Vice President and Chief Operating Officer, effective January 1, 2022.
  2. Ms. Fields has been with ATI since April 2019, holding executive leadership roles across both of the Company's business segments.
  3. Prior to ATI, Ms. Fields held senior leadership positions at IDEX Corporation, EVRAZ, GE Energy, and Alcoa, demonstrating broad industry experience.
  4. Ms. Fields' new role includes a base annual salary of $660,000.
  5. She is eligible for a 2022 target award under the Annual Incentive Plan equal to 100% of her base salary.
  6. Her 2022 Long-Term Incentive Plan award will have a grant-date fair market value of at least 250% of her base salary.
  7. Ms. Fields is also a member of the Board of Directors of Silgan Holdings.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this 8-K filing?

    This 8-K filing primarily announces the appointment of Kimberly A. Fields as ATI Inc.'s new Executive Vice President and Chief Operating Officer, effective January 1, 2022, and details her compensation package.

  2. What is Kimberly A. Fields' background and experience?

    Ms. Fields has extensive experience in industrial and manufacturing sectors, holding executive roles at ATI since 2019. Prior to ATI, she served in leadership positions at IDEX Corporation, EVRAZ, GE Energy, and Alcoa, among others. She also serves on the Board of Directors of Silgan Holdings.

  3. How will Ms. Fields be compensated in her new role?

    Her compensation includes a base salary of $660,000, with a 2022 target bonus opportunity of 100% of base salary under the Annual Incentive Plan. She will also receive a Long-Term Incentive award with a grant-date fair market value of at least 250% of her base salary.

  4. What does this executive change signify for ATI?

    The appointment of Ms. Fields to Chief Operating Officer signifies a strengthened focus on operational leadership and execution within ATI. Her broad experience suggests a strategic move to leverage her expertise in driving efficiency and growth across the company's business segments.

04—Continue

← View all 8-K filings