01—Abstract
Summary
Summary of the 10-K/A filed June 26, 1998. Cited figures are marked; the original filing is the authoritative source.
This filing excerpt does not appear to be from Howmet Aerospace Inc. The executive officer list, board references, and corporate history all point to Alcoa Inc. (then Aluminum Company of America) as the registrant.
Howmet was a later name for Alcoa's aerospace and fastener business, which was not spun off until 2020, so the company and filing details in the request should be verified against EDGAR before any reliance on this analysis. The excerpt contains only Item 4A (Executive Officers, as of March 1, 1998) and an amendment to Item 10 (director biographies incorporated from the March 11, 1998 proxy statement). It contains no financial statements, revenue, earnings, segment data, risk factors, or balance sheet information, so no assessment of financial performance or valuation is possible from this text.
The executive roster shows a leadership team in transition. Paul H. O'Neill, Chairman and CEO since 1987, led the company with Alain J.
P. Belda as President and COO, a role he assumed in January 1997. Several senior appointments in late 1997 and early 1998 signal reorganization: Richard B.
Kelson became CFO in May 1997, Lawrence R. Purtell joined in November 1997 as Executive Vice President for Environment, Health and Safety and General Counsel, and Patricia L. Higgins joined as CIO in January 1997.
George E. Bergeron was placed in charge of corporate growth initiatives, and Richard L. Fischer oversaw corporate development and the expansion of international operations.
Several executives moved from Alcoa's business units into corporate or regional roles, which could indicate strategic repositioning. For investors, the most useful points are governance and management continuity rather than operating results. The board section highlights directors with broad experience in government, academia, and public companies, including Kenneth W.
Dam and Marina v.N. Whitman. A full evaluation would require the complete 10-K, including Items 1 through 3 (business and properties), Item 7 (MD&A), and Item 8 (audited financial statements), which are not included here.
02—Key points
Key Highlights
- Entity mismatch: the text refers to Alcoa's executive team and history (Aluminum Company of America), not Howmet Aerospace. The company name and filing date in the request should be verified on EDGAR.
- Paul H. O'Neill, 62, has served as Chairman and CEO since June 1987, after previously holding senior roles at International Paper.
- Alain J. P. Belda, 54, was elected President and Chief Operating Officer in January 1997, positioning him as the likely successor-track executive.
- Several senior appointments occurred in late 1997 and early 1998: Lawrence R. Purtell (EH&S and General Counsel, November 1997), L. Patrick Hassey (President, Alcoa Europe, November 1997), and Michael Coleman (President, Rigid Packaging, January 1998).
- Richard B. Kelson, 51, became Executive Vice President and CFO in May 1997, after prior roles in legal and environmental functions.
- Patricia L. Higgins, 48, joined in January 1997 as CIO, responsible for company-wide computer initiatives; she previously held senior roles at AT&T, Nynex, and Unisys.
- The excerpt contains no financial statements or operating metrics. Revenue, earnings, debt, cash flow, and segment performance cannot be assessed from this text.
03—Questions
Frequently Asked Questions
Is this filing from Howmet Aerospace Inc.?
The content does not support that identification. The executive officers, corporate history, and aluminum-related businesses (for example, Alcoa World Alumina and Alcoa Rigid Packaging) match Alcoa Inc., formerly Aluminum Company of America. Howmet was Alcoa's later name for its aerospace and fastener business and was not separately public until 2020. Verify the CIK and filing details on EDGAR.
What does this excerpt reveal about the company's financial performance?
Nothing directly. The excerpt includes only Item 4A (executive officers) and an amended Item 10 (director biographies). Financial results appear in Item 7 (MD&A) and Item 8 (financial statements), which are not included.
Who are the key executives, and what changed recently?
Paul H. O'Neill is Chairman and CEO, and Alain J. P. Belda is President and COO. Recent changes include Richard B. Kelson as CFO (May 1997), Lawrence R. Purtell as EH&S and General Counsel (November 1997), L. Patrick Hassey as President of Alcoa Europe (November 1997), and Michael Coleman as President of the Rigid Packaging Division (January 1998).
Why does Item 10 say the director information is being amended?
The text states that the director information incorporated by reference from the March 11, 1998 proxy statement is being amended. The excerpt provides updated biographies for directors Kenneth W. Dam (director since 1987) and Marina v.N. Whitman (director since 1994). The reason for the amendment is not stated in the excerpt.
What should investors review next in this filing?
Investors should review the business description and properties (Items 1 and 2), legal proceedings (Item 3), MD&A (Item 7), and audited financial statements (Item 8) in the complete filing. They should also confirm the registrant's identity and whether this is an original 10-K or an amendment.
04—Continue