---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-135398"
form_type: "8-K"
ticker: "KALU"
cik: "0000811596"
company_name: "KAISER ALUMINUM CORP"
filed_at: "2024-12-11T23:59:59+00:00"
generated_at: "2026-05-29T04:56:34.379654+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Kaiser Aluminum adopts Key Employee Severance Plan for four execs, excluding CEO

## Summary
- Plan replaces individual change-of-control agreements for EVPs John Donnan and Neal West; also replaces salaried severance for Donnan, West, EVP Jason Walsh and SVP Raymond Parkinson.
- CEO Keith Harvey not included in the Plan; his existing severance agreement remains unchanged.
- Severance multiple is 1.0x (base salary + target bonus) for non-CIC termination, 2.0x for termination within 24 months of a change in control.
- Benefits include lump-sum cash, prorated short-term incentive, and COBRA premium reimbursement up to 12–24 months post-termination.

## SEC filing metadata
- accession: 0000950170-24-135398
- form_type: 8-K
- ticker: KALU
- cik: 0000811596
- company_name: KAISER ALUMINUM CORP
- filed_at: 2024-12-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811596/000095017024135398/0000950170-24-135398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811596/000095017024135398/kalu-20241205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-135398
- JSON: https://secwatch.observer/filing/0000950170-24-135398.json
- Plain text: https://secwatch.observer/filing/0000950170-24-135398.txt

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