secwatch.observer — SEC 8-K summary
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Issuer:     KAISER ALUMINUM CORP (KALU)
CIK:        0000811596
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0000950170-24-135398
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811596/000095017024135398/0000950170-24-135398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811596/000095017024135398/kalu-20241205.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-135398

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer