secwatch.observer — SEC 8-K summary
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Issuer:     KAISER ALUMINUM CORP (KALU)
CIK:        0000811596
Form:       8-K
Filed at:   2026-08-17T20:16:50+00:00
Accession:  0001193125-26-354093
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811596/000119312526354093/0001193125-26-354093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811596/000119312526354093/kalu-20260812.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-354093

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