01—Abstract
Summary
Summary of the 8-K filed September 10, 2025. Cited figures are marked; the original filing is the authoritative source.
ATI Inc. (ATI) has filed a Form 8-K detailing significant leadership changes.
The most notable is the planned retirement of Executive Vice President, Finance and Chief Financial Officer, Donald P. Newman, effective March 1, 2026. Mr. Newman will provide consulting services for ten months post-retirement and will receive ongoing COBRA cost reimbursement and continued vesting of outstanding equity awards under specific conditions to ensure a smooth transition and retain his expertise.
In addition, the Company announced an expansion of its Board of Directors from ten to twelve members with the appointment of two new independent directors, Elizabeth Lund and Jean Lydon-Rodgers, effective November 1, 2025. Both appointees bring extensive executive experience from the aerospace and defense sectors, with backgrounds at Boeing and GE, respectively. Their appointments are expected to enhance the Board's strategic oversight, particularly in areas relevant to ATI's core markets.
02—Key points
Key Highlights
- CFO Donald P. Newman to retire on March 1, 2026, with a transition plan including 10 months of consulting services.
- Mr. Newman to receive monthly consulting fees of $10,000 and COBRA cost reimbursement post-retirement.
- Outstanding equity awards for Mr. Newman will vest according to existing terms, with a waiver of notice periods where applicable.
- ATI Inc. is expanding its Board of Directors from ten to twelve members.
- Elizabeth Lund appointed as an independent Class III Director, effective November 1, 2025.
- Jean Lydon-Rodgers appointed as an independent Class II Director, effective November 1, 2025.
- Both new directors, Ms. Lund and Ms. Lydon-Rodgers, have extensive leadership experience in aerospace and defense industries and will serve on the Audit and Risk Committee.
03—Questions
Frequently Asked Questions
When will the current CFO, Donald P. Newman, officially retire?
Donald P. Newman is expected to retire as Executive Vice President, Finance and Chief Financial Officer on March 1, 2026.
What arrangements are in place to ensure a smooth transition after the CFO's retirement?
Mr. Newman will provide consulting services to the Company for ten months following his retirement (through January 2027) at a rate of $10,000 per month. The Company will also reimburse a portion of his COBRA coverage costs and has agreed to waive notice periods for the vesting of his outstanding equity awards, which will vest according to their existing terms.
Who are the new directors appointed to the Board of Directors?
The Company has appointed two new independent directors: Elizabeth Lund, who will serve as a Class III Director, and Jean Lydon-Rodgers, who will serve as a Class II Director. Both appointments are effective November 1, 2025.
What relevant experience do the new directors bring to ATI Inc.?
Both Ms. Lund and Ms. Lydon-Rodgers possess significant senior leadership experience in the aerospace and defense sectors. Ms. Lund had a 34-year career at Boeing, holding executive roles in quality, production, and supply chain. Ms. Lydon-Rodgers had a 35-year career at GE, most recently as President and CEO of GE Aviation Services, with extensive experience in aviation systems and military engines.
04—Continue