secwatch.observer — SEC 8-K summary
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Issuer:     Alcoa Corp (AA)
CIK:        0001675149
Form:       8-K
Filed at:   2023-09-25T23:59:59+00:00
Accession:  0001193125-23-240903
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alcoa appoints COO William Oplinger as President/CEO; Roy Harvey to advise through Dec 2023
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- William Oplinger promoted to President, CEO and director effective Sept 24, 2023; previously EVP/COO since Feb 2023 and CFO from Nov 2016.
- Roy Harvey steps down as CEO and President, becomes Strategic Advisor until Dec 31, 2023; severance per existing agreement.
- Oplinger's new compensation: base salary $1.2M, annual incentive target 150% of base, LTI target $8M.
- Oplinger replaces Harvey on Board; Harvey resigned as director on effective date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675149/000119312523240903/0001193125-23-240903-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675149/000119312523240903/d331952d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-240903

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