{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-24-000034","form_type":"8-K","ticker":"AA","cik":"0001675149","company_name":"Alcoa Corp","filed_at":"2024-01-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.070812+00:00","generated_at":"2026-06-07T01:34:23.217919+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Alcoa to fully curtail Kwinana alumina refinery; Q1 restructuring charge $180M-$200M","bullets":["Restructuring charges $180M-$200M in Q1 2024; Alcoa's share after-tax $76M-$84M ($0.42-$0.47/share).","Workforce cuts from ~800 to ~250 by Q3 2024 when production ceases; further reduction to ~50 by Q3 2025.","Annual net income improvement of ~$70M beginning Q3 2024 vs refinery's 2023 net loss of ~$130M (pre-tax).","Non-cash DD&A of ~$40M/yr will continue while refinery is curtailed.","Cash outlays of ~$115M split $80M in 2024 and $35M in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-24-000034","json":"https://secwatch.observer/filing/0001157523-24-000034.json","markdown":"https://secwatch.observer/filing/0001157523-24-000034.md","text":"https://secwatch.observer/filing/0001157523-24-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1675149/000115752324000034/0001157523-24-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1675149/000115752324000034/a53878971.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T01:34:23.217919+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"55b12d3f3555d673da39ce7319c9d1cf6f628432","claim":"Alcoa Corp announced a restructuring with charges of between $180 million and $200 million affecting Kwinana alumina refinery located in Western Australia (approximately 800 employees and this number will be reduced to approximately 250 in the third quarter of 2024).","evidence_excerpt":"In the first quarter of 2024, Alcoa will record restructuring charges between $180 million and $200 million related to the curtailment of the Refinery.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1675149/000115752324000034/0001157523-24-000034-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"between $180 million and $200 million"},{"label":"Affected area","value":"Kwinana alumina refinery located in Western Australia"},{"label":"Headcount","value":"approximately 800 employees and this number will be reduced to approximately 250 in the third quarter of 2024"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}