secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2023-01-10T23:59:59+00:00
Accession:  0001193125-23-005174
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa names COO, CFO; COO Slaven departs Feb 1, 2023
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- COO John D. Slaven leaves effective Feb 1, 2023; receives severance per existing agreement.
- EVP & CFO William F. Oplinger appointed EVP & COO effective Feb 1; gets $450K equity award.
- SVP & Controller Molly S. Beerman appointed EVP & CFO effective Feb 1; salary $641,500.
- Beerman's 2023 LTI target increased to $1.8M; severance agreement enhanced to 2x salary.
- Beerman's amended severance includes two-year non-compete, two-year health benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000119312523005174/0001193125-23-005174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000119312523005174/d148515d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-005174

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