---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-009727"
form_type: "8-K"
ticker: "AA"
cik: "0001675149"
company_name: "Alcoa Corp"
filed_at: "2024-07-08T23:59:59+00:00"
generated_at: "2026-05-31T23:05:53.494844+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alcoa adds standalone financial projections to proxy for Alumina deal amid litigation

## Summary
- Alcoa standalone 2024E revenue $9,566M, adj. EBITDA $570M, unlevered FCF ($580)M.
- Alumina Limited standalone 2024E revenue $1,830M, adj. EBITDA $91M, unlevered FCF ($189)M.
- J.P. Morgan DCF implies Alcoa equity $22.35-$28.50/share vs. $29.85 close; Alumina $0.70-$0.90 vs. $0.81.
- Two stockholder lawsuits and eight demand letters allege insufficient proxy disclosures; Alcoa supplements proxy.
- UBS was engaged Oct. 18, 2023 as financial advisor to Alcoa board for the transaction.

## SEC filing metadata
- accession: 0000950103-24-009727
- form_type: 8-K
- ticker: AA
- cik: 0001675149
- company_name: Alcoa Corp
- filed_at: 2024-07-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675149/000095010324009727/0000950103-24-009727-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675149/000095010324009727/dp214237_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-009727
- JSON: https://secwatch.observer/filing/0000950103-24-009727.json
- Plain text: https://secwatch.observer/filing/0000950103-24-009727.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.