---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-354093"
form_type: "8-K"
ticker: "KALU"
cik: "0000811596"
company_name: "KAISER ALUMINUM CORP"
filed_at: "2026-08-17T20:16:50+00:00"
generated_at: "2026-08-17T20:18:08.372146+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kaiser Aluminum names Fred Stephan CEO, effective Nov 1, 2026; Harvey becomes Executive Chairman

## Summary
- Fred Stephan, former Amcor COO, appointed CEO and President effective Nov 1, 2026; joins board as Class III director.
- Keith Harvey steps down as CEO, becomes Executive Chairman and special advisor through Oct 31, 2027.
- Stephan's compensation: $1.15M base salary, $1.44M STI target, $4.43M LTI target, plus RSU grants totaling $5.767M.
- Harvey receives $0.9M base compensation during transition, $0.9M 2027 STI target, and $2.2M LTI grant in RSUs.
- Severance plan amended: CEO gets 2.5x multiple on CIC termination, 2.0x on non-CIC.

## SEC filing metadata
- accession: 0001193125-26-354093
- form_type: 8-K
- ticker: KALU
- cik: 0000811596
- company_name: KAISER ALUMINUM CORP
- filed_at: 2026-08-17T20:16:50+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811596/000119312526354093/0001193125-26-354093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811596/000119312526354093/kalu-20260812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-354093
- JSON: https://secwatch.observer/filing/0001193125-26-354093.json
- Plain text: https://secwatch.observer/filing/0001193125-26-354093.txt

## Key facts
- Executive change
  Fred Stephan was appointed as Class III Director at KAISER ALUMINUM CORP.
  - Action: appointed
  - Role: Class III Director
  source text: Mr. Stephan will become a Class III director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/811596/000119312526354093/0001193125-26-354093-index.htm
- Executive change
  Fred Stephan was appointed as Chief Executive Officer and President at KAISER ALUMINUM CORP.
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: Fred Stephan will become the Chief Executive Officer and President of the Company, to succeed Keith A. Harvey, effective as of November 1, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/811596/000119312526354093/0001193125-26-354093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.