8-KLeadership ChangesExhibits & Filings

Howmet Aerospace Inc. 8-K Report, Executive Changes (Dec 7, 2020)

Filed December 7, 2020For Securities:HWM

Summary

This 8-K filing from Howmet Aerospace Inc. announces a change to its Board of Directors. Effective April 1, 2021, the Board size will increase from ten to eleven members with the appointment of Sharon R. Barner. Ms. Barner will also serve on the company's Governance and Nominating Committee. This appointment signifies a strengthening of the Board's oversight and expertise as the company navigates its operational landscape. Investors should note that Ms. Barner's compensation will follow the standard program for non-employee directors, and she will receive an indemnification agreement, consistent with other directors. The filing also incorporates by reference a press release detailing this appointment.

Key Highlights

  • 1Howmet Aerospace Inc. appointed Sharon R. Barner as a new director, effective April 1, 2021.
  • 2The size of the Board of Directors will increase from ten to eleven members.
  • 3Ms. Barner will serve on the company's Governance and Nominating Committee.
  • 4Director compensation for Ms. Barner will adhere to the established non-employee director compensation program.
  • 5An indemnification agreement will be entered into with Ms. Barner, consistent with other directors.
  • 6The press release announcing this appointment is attached as an exhibit.

Frequently Asked Questions

Sharon R. Barner has been appointed as a new director to Howmet Aerospace's Board. While the filing doesn't detail her specific background, her appointment to the Governance and Nominating Committee suggests a focus on corporate governance and strategic oversight. Her compensation and indemnification will be consistent with existing non-employee directors.

The appointment of Sharon R. Barner to the Board of Directors and the increase in board size will be effective as of April 1, 2021.

No, the filing states that Ms. Barner will receive compensation according to the company's existing compensation program for non-employee directors. Investors can find details of this program on pages 15-20 of Howmet Aerospace's definitive proxy statement filed on April 29, 2020.