secwatch.observer — SEC 8-K summary
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Issuer:     ATI INC (ATI)
CIK:        0001018963
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001193125-24-043707
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ATI elects Kimberly Fields as CEO effective July 1, 2024; Wetherbee to become Executive Chairman
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- Kimberly A. Fields appointed President and CEO, effective July 1, 2024; also elected to Board immediately.
- Fields receives base salary $900K, 125% target annual performance award, $750K one-time equity grant vesting over 3 years.
- Robert S. Wetherbee, current CEO and Board Chair, becomes Executive Chairman effective July 1, 2024; salary $750K, 100% target.
- Press release reiterates ATI on track to $5B revenue and $1B EBITDA by 2027.
- Succession described as planned; Fields has been COO since 2022 and President since July 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1018963/000119312524043707/0001193125-24-043707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1018963/000119312524043707/d756691d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-043707

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