Alcoa Corp — fact timeline

Alcoa Corp shareholders approved Approve the Alcoa Corporation Stock and Incentive Compensation Plan (as Amended and Restated) at the 2026-05-06 meeting.

“Item 4. The proposal to approve the Alcoa Corporation Stock and Incentive Compensation Plan (as Amended and Restated) was approved based upon the following votes: For Against Abstentions Broker Non-Votes 195,794,869 2,347,806 265,523 18,461,577”

Alcoa Corp shareholders approved Advisory vote to approve named executive officer compensation for 2025 at the 2026-05-06 meeting.

“Item 3. The proposal to approve, on an advisory basis, the Company’s 2025 named executive officer compensation was approved based upon the following votes: For Against Abstentions Broker Non-Votes 187,195,119 10,898,440 314,639 18,461,577”

Alcoa Corp shareholders approved Ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent auditor for 2026 at the 2026-05-06 meeting.

“Item 2. The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent auditor for 2026 was approved based upon the following votes: For Against Abstentions Broker Non-Votes 215,964,136 712,214 193,425 0”

Alcoa Corp shareholders approved Election of 11 director nominees at the 2026-05-06 meeting.

“Item 1. The 11 director nominees nominated by the Alcoa Board of Directors (the “Board”) for election to the Board were elected, each for a one-year term, based upon the following votes: Nominee For Against Abstentions Broker Non-Votes Thomas J. Gorman 196,582,796 1,653,954 171,448 18,461,577 John A. Bevan 196,739,436 1,498,028 170,734 18,461,577 Mary Anne Citrino 190,749,764 7,491,899 166,535 18,461,577 Alistair Field 197,482,653 754,788 170,757 18,461,577 Pasquale (Pat) Fiore 196,504,557 1,731,155 172,486 18,461,577 Brian R. Galovich 197,925,074 308,363 174,761 18,461,577 James A. Hughes 182,916,155 15,318,551 173,492 18,461,577 Roberto O. Marques 195,984,599 2,251,601 171,998 18,461,577 William F. Oplinger 197,876,348 360,947 170,903 18,461,577 Carol L. Roberts 196,604,381 1,637,131 166,686 18,461,577 Jackson (Jackie) P. Roberts 195,319,812 2,918,765 169,621 18,461,577”

Alcoa Corp amended Amendment No. 3 to the Revolving Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $1.25 billion revolving credit facility; maturity extended to June 27, 2028 (effective 2026-05-04).

“On May 4, 2026, Alcoa Corporation (the “Company”), Alcoa Nederland Holding B.V., a wholly owned subsidiary of the Company (the “Borrower”), and certain subsidiaries of the Company, entered into Amendment No. 3 (“Amendment No. 3”) to the Revolving Credit Agreement, dated as of September 16, 2016, as amended as of October 26, 2016, as amended and restated as of November 14, 2017, as amended and restated as of November 21, 2018, as amended as of August 16, 2019, as amended as of April 21, 2020, as amended as of June 24, 2020, as amended as of March 4, 2021, as amended and restated as of June 27, 2022, as amended as of January 17, 2024 and as amended as of August 4, 2025 (the “Original Revolving Credit Agreement”), in each case, with a syndicate of lenders and issuers named therein, and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”) for the lenders and issuers.”

Alcoa Corp reported first quarter 2026 results: revenue Revenue $ 3,193, net income Net income attributable to Alcoa Corporation $ 425, EPS Earnings per common share $ 1.60.

“Alcoa Corporation Reports First Quarter 2026 Results PITTSBURGH--(BUSINESS WIRE)--April 16, 2026--Alcoa Corporation (NYSE: AA; ASX: AAI) (Alcoa or the Company) today reported results for the first quarter 2026 that reflect improved profitability from higher aluminum prices. Financial Results and Highlights M, except per share amounts 1Q26 4Q25 1Q25 Revenue $ 3,193 $ 3,449 $ 3,369 Net income attributable to Alcoa Corporation $ 425 $ 213 $ 548 Earnings per common share $ 1.60 $ 0.80 $ 2.07”

Alcoa Corp announced a restructuring with charges of approximately $890 million ($623 million (after-tax), or $2.41 per share) affecting Kwinana alumina refinery located in Western Australia (approximately 220 employees).

“In the third quarter of 2025, the Company will record total restructuring and related charges of approximately $890 million ($623 million (after-tax), or $2.41 per share) related to the permanent closure of the Refinery, including approximately $375 million of non-cash impairment charges.”

Alcoa Corp incurred senior notes of $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 and $500,000,000 aggregate principal amount of 6 with qualified institutional buyers and non-U.S. persons at 6.125% per annum for the 2030 notes; 6.375% per annum for the 2032 notes maturing 2030 for the 6.125% notes; 2032 for the 6.375% notes.

“On March 17, 2025, Alumina Pty Ltd (ABN 85 004 820 419) (the “Issuer”), a wholly-owned subsidiary of Alcoa Corporation (the “Company”), completed an offering (the “Offering”) of $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 (the “2030 notes”), and $500,000,000 aggregate principal amount of 6.375% senior notes due 2032 (the “2032 notes” and together with the 2030 notes, the “notes”).”

Steven W. Williams departed as Chairman of the Board at Alcoa Corp.

“On February 20, 2025, Mr. Steven W. Williams provided notice to Alcoa Corporation (“Alcoa” or the “Company”) that he will not stand for re-election as a member of the Company’s Board of Directors”

Alcoa Corp completed an acquisition involving Alumina Limited for all-scrip, or all-stock, transaction, Alumina shareholders received consideration of 0.02854 Alcoa shares for each Alumina share; equity value of approximately (closed 2024-08-01).

“y shares and an indirect wholly owned subsidiary of Alcoa (“ Alcoa Bidder ”), and Alumina Limited, an Australian public company limited by shares and listed on the Australian Securities Exchange (“ Alumina Limited ”).”

Alistair Field was appointed as Director at Alcoa Corp.

“On July 31, 2024 and in connection with the Transaction, the Board increased the size of the Board from ten to twelve directors and appointed John Bevan and Alistair Field (the “ New Alcoa Directors ”), who were directors of Alumina Limited prior to the consummation of the Transaction, as additional members of the Board, effective as of 5:00 p.m. on August 1, 2024 (the “ Effective Date ”).”

John Bevan was appointed as Director at Alcoa Corp.

“On July 31, 2024 and in connection with the Transaction, the Board increased the size of the Board from ten to twelve directors and appointed John Bevan and Alistair Field (the “ New Alcoa Directors ”), who were directors of Alumina Limited prior to the consummation of the Transaction, as additional members of the Board, effective as of 5:00 p.m. on August 1, 2024 (the “ Effective Date ”).”

Alcoa Corp shareholders rejected Non-binding stockholder proposal requesting preparation of an annual report on lobbying activities at the 2024-05-10 meeting.

“Item 4 . The non-binding stockholder proposal requesting the preparation of an annual report on lobbying activities was not approved based upon the following votes: For Against Abstentions Broker Non-Votes 42,653,015 75,037,359 1,321,393 19,637,437”

Alcoa Corp shareholders approved Approve, on an advisory basis, 2023 named executive officer compensation at the 2024-05-10 meeting.

“Item 3 . The proposal to approve, on an advisory basis, Alcoa’s 2023 named executive officer compensation was approved based upon the following votes: For Against Abstentions Broker Non-Votes 114,922,468 3,024,575 1,064,724 19,637,437”

Alcoa Corp shareholders approved Ratify appointment of PricewaterhouseCoopers LLP as independent auditor for 2024 at the 2024-05-10 meeting.

“Item 2 . The proposal to ratify the appointment of PricewaterhouseCoopers LLP as Alcoa’s independent auditor for 2024 was approved based upon the following votes: For Against Abstentions Broker Non-Votes 136,098,587 762,818 1,787,799 0”

Alcoa Corp shareholders approved Election of 10 director nominees at the 2024-05-10 meeting.

“Item 1 . The 10 director nominees nominated by the Alcoa Board of Directors (the “Board”) for election to the Board were elected, each for a one-year term, based upon the following votes: Nominee For Against Abstentions Broker Non-Votes”

Alcoa Corp reported first quarter 2024 results: revenue $2,599, net income $(252), EPS $(1.41).

“Alcoa Corporation Reports First Quarter 2024 Results PITTSBURGH--(BUSINESS WIRE)--April 17, 2024--Alcoa Corporation (NYSE: AA) today reported results for the first quarter 2024, a period that included the announced acquisition of Alumina Limited and continued action on near-term improvements. Financial Results and Highlights M, except per share amounts 1Q24 4Q23 1Q23 Revenue $2,599 $2,595 $2,670 Net loss attributable to Alcoa Corporation $(252) $(150) $(231) Loss per share attributable to Alcoa Corporation $(1.41) $(0.84) $(1.30)”

Alcoa Corp incurred senior notes of $750,000,000 aggregate principal amount with qualified institutional buyers and certain non-U.S. persons (Rule 144A/Reg S) at 7.125% senior notes due 2031 maturing due 2031.

“On March 21, 2024, Alcoa Nederland Holding B.V. (the “Issuer”), a wholly-owned subsidiary of Alcoa Corporation (the “Company”), completed an offering (the “Offering”) of $750,000,000 aggregate principal amount of 7.125% senior notes due 2031 (the “notes”).”

Alcoa Corp entered into Indenture with The Bank of New York Mellon Trust Company, N.A., as trustee valued at $750,000,000 aggregate principal amount of 7.125% senior notes due 2031 (effective 2024-03-21).

“On March 21, 2024, Alcoa Nederland Holding B.V. (the “Issuer”), a wholly-owned subsidiary of Alcoa Corporation (the “Company”), completed an offering (the “Offering”) of $750,000,000 aggregate principal amount of 7.125% senior notes due 2031 (the “notes”).”

Alcoa Corp entered into Scheme Implementation Deed with Alumina Limited (effective 2024-03-11).

“On March 11, 2024 (Eastern Daylight Time) / March 12, 2024 (Australian Eastern Daylight Time), Alcoa Corporation, a Delaware corporation (“ Alcoa ”), AAC Investments Australia 2 Pty Ltd, an Australian proprietary company limited by shares and an indirect wholly owned subsidiary of Alcoa (“ Alcoa Bidder ”), and Alumina Limited, an Australian public company limited by shares and listed on the Australian Securities Exchange (“ Alumina ”), entered into a Scheme Implementation Deed (the “ Deed ”), pursuant to which, subject to the satisfaction or waiver of the conditions set forth therein, Alcoa Bidder will acquire all Alumina ordinary shares on issue and outstanding”

Alcoa Corp entered into Conditional Share Sale Agreement with Allan Gray Australia Pty Ltd valued at Right to acquire up to 577,434,602 shares of Alumina at Offer Price (effective 2024-02-26).

“On February 26, 2024 (AEDT), Alcoa also entered into a Conditional Share Sale Agreement with Allan Gray Australia Pty Ltd ("Allan Gray Australia") and Bidder (the "Share Sale Agreement").”

Alcoa Corp entered into Transaction Process and Exclusivity Deed with Alumina Limited valued at Alcoa to acquire all shares of Alumina; Alumina shareholders receive 0.02854 CDI per share (effective 2024-02-26).

“On February 26, 2024 (AEDT), Alcoa Corporation ("Alcoa") entered into a Transaction Process and Exclusivity Deed (the "Transaction Process and Exclusivity Deed") with Alumina Limited ("Alumina") and AAC Investments Australia Pty Ltd, a wholly owned subsidiary of Alcoa ("Bidder").”

Alcoa Corp amended revolving credit of $1.25 billion in commitments with JPMorgan Chase Bank, N.A., as administrative agent at minimum interest coverage ratio reduced from 4.00 to 1.00 to 3.00 to 1.00 for 20.

“The aggregate amount of commitments under the Amended Revolving Credit Agreement remains at $1.25 billion.”

Alcoa Corp amended Amendment No. 1 with syndicate of lenders and issuers and JPMorgan Chase Bank, N.A., as administrative agent (effective 2024-01-17).

“On January 17, 2024, Alcoa Corporation (the “Company”), Alcoa Nederland Holding B.V., a wholly owned subsidiary of the Company (the “Borrower”), and certain subsidiaries of the Company, entered into Amendment No. 1 ( “Amendment No. 1”) to the Revolving Credit Agreement, dated as of September 16, 2016, as amended as of October 26, 2016, as amended and restated as of November 14, 2017, as amended and restated as of November 21, 2018, as amended as of August 16, 2019, as amended as of April 21, 2020, as amended as of June 24, 2020, as amended as of March 4, 2021 and as amended and restated as of June 27, 2022 (the “Original Revolving Credit Agreement”), in each case, with a syndicate of lenders and issuers named therein, and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”) for the lenders and issuers.”

Alcoa Corp reported financial results for fourth quarter and full year 2023.

“On January 17, 2024, Alcoa Corporation (the “Company”) issued a press release announcing its fourth quarter and full year 2023 financial results.”

Alcoa Corp announced a restructuring with charges of between $180 million and $200 million affecting Kwinana alumina refinery located in Western Australia (approximately 800 employees and this number will be reduced to approximately 250 in the third quarter of 2024).

“In the first quarter of 2024, Alcoa will record restructuring charges between $180 million and $200 million related to the curtailment of the Refinery.”

Matthew Reed was appointed as Executive Vice President and Chief Operations Officer at Alcoa Corp.

“On December 15, 2023, the Board of Directors (the “Board”) of Alcoa Corporation (the “Company”) appointed Mr. Matthew Reed to serve as the Company’s Executive Vice President and Chief Operations Officer, effective on January 1, 2024 (the “Effective Date”).”

Alcoa Corp reported third quarter 2023 results: revenue $2,602, net income $(168), EPS $(0.94).

“from operations despite lower sequential average realized prices for alumina and aluminum. Financial Results and Highlights M, except per share amounts 3Q23 2Q23 3Q22 Revenue $2,602 $2,684 $2,851 Net loss attributable to Alcoa Corporation $(168) $(102) $(746) Loss per share attributable to Alcoa Corporation $(0.94) $(0.57) $(4.17) Adjusted net loss $(202)”

Molly S. Beerman changed role as Executive Vice President and Chief Financial Officer at Alcoa Corp.

“Ms. Molly S. Beerman, the Company’s current Executive Vice President and Chief Financial Officer, will continue in her roles as the Company’s Executive Vice President and Chief Financial Officer but will cease to serve as the Company’s principal accounting officer effective as of the Effective Date.”

Renee Henry was appointed as Senior Vice President and Controller at Alcoa Corp.

“On September 27, 2023, the Board of Directors (the “Board”) of Alcoa Corporation (the “Company”) appointed Ms. Renee Henry, the Company’s Vice President and Controller, as the Company’s Senior Vice President and Controller and principal accounting officer, effective on October 1, 2023 (the “Effective Date”).”

Roy C. Harvey resigned as Director at Alcoa Corp.

“On the Effective Date, Mr. Harvey resigned from his position as a director on the Board, effective immediately on such date.”

Roy C. Harvey was appointed as Strategic Advisor at Alcoa Corp.

“Mr. Roy C. Harvey, the Company’s current President and Chief Executive Officer, will cease to serve in such roles effective immediately on such date, and appointed him to the position of Strategic Advisor to the Chief Executive Officer until his employment ends with the Company on December 31, 2023”

William F. Oplinger was elected as Director at Alcoa Corp.

“On the Effective Date, the Board also elected Mr. Oplinger to serve as a director on the Board to replace Mr. Harvey, effective immediately on such date.”

William F. Oplinger was elected as President and Chief Executive Officer at Alcoa Corp.

“The Board of Directors (the “Board”) of Alcoa Corporation (the “Company”) elected Mr. William F. Oplinger to serve as President and Chief Executive Officer of the Company on September 24, 2023”

Kelly R. Thomas resigned as Executive Vice President and Chief Commercial Officer at Alcoa Corp.

“On July 20, 2023, Kelly R. Thomas, Executive Vice President and Chief Commercial Officer of Alcoa Corporation (the “Company”), voluntarily resigned from the Company, effective August 1, 2023.”

Alcoa Corp reported second quarter 2023 results: revenue $2.68 billion, net income $102 million loss, EPS $0.57 per share loss.

“Second Quarter Generated revenue of $2.68 billion Posted Net loss attributable to Alcoa of $102 million, or $0.57 per share”

Alcoa Corp shareholders rejected Non-binding stockholder proposal to subject termination pay to stockholder approval at the 2023-05-05 meeting.

“The non-binding stockholder proposal to subject termination pay to stockholder approval was not approved based upon the following votes: For Against Abstentions Broker Non-Votes 51,638,827 81,529,726 377,148 14,515,373”

Alcoa Corp shareholders approved Approve, on an advisory basis, the frequency of future advisory votes on named executive officer compensation at the 2023-05-05 meeting.

“The proposal to approve, on an advisory basis, the frequency of future advisory votes on named executive officer compensation was approved as every one year based upon the following votes: 1 Year 2 Year 3 Year Abstain Broker Non-Votes 128,397,826 123,408 4,697,331 327,136 14,515,373”

Alcoa Corp shareholders approved Approve, on an advisory basis, 2022 named executive officer compensation at the 2023-05-05 meeting.

“The proposal to approve, on an advisory basis, 2022 named executive officer compensation was approved based upon the following votes: For Against Abstentions Broker Non-Votes 125,747,677 7,448,533 349,491 14,515,373”

Alcoa Corp shareholders approved Ratify the appointment of PricewaterhouseCoopers LLP as Alcoa’s independent auditor for 2023 at the 2023-05-05 meeting.

“The proposal to ratify the appointment of PricewaterhouseCoopers LLP as Alcoa’s independent auditor for 2023 was approved based upon the following votes: For Against Abstentions Broker Non-Votes 147,093,764 659,236 308,074 0”

Alcoa Corp shareholders approved Election of 9 director nominees at the 2023-05-05 meeting.

“The 9 director nominees nominated by the Alcoa Board of Directors (the “Board”) for election to the Board were elected, each for a one-year term, based upon the following votes: Nominee For Against Abstentions Broker Non-Votes Steven W. Williams 131,474,318 1,756,064 315,319 14,515,373 Mary Anne Citrino 129,031,319 4,198,098 316,284 14,515,373 Pasquale (Pat) Fiore 132,512,973 715,860 316,868 14,515,373 Thomas J. Gorman 129,810,427 3,411,514 323,760 14,515,373 Roy C. Harvey 132,598,806 630,663 316,232 14,515,373 James A. Hughes 129,513,674 3,714,063 317,964 14,515,373 Carol L. Roberts 132,155,314 1,076,090 314,297 14,515,373 Jackson (Jackie) P. Roberts 132,102,003 1,128,028 315,670 14,515,373 Ernesto Zedillo 130,536,728 2,666,659 342,314 14,515,373”

Alcoa Corp reported first quarter 2023 results: revenue $2,670, net income $(231), EPS $(1.30).

“EcoSource TM brand of low carbon alumina to include non-metallurgical grades, in addition to smelter grade Financial Results M, except per share amounts 1Q23 4Q22 1Q22 Revenue $2,670 $2,663 $3,293 Net (loss) income attributable to Alcoa Corporation $(231) $(395) $469 (Loss) earnings per share attributable to Alcoa Corporation $(1.30) $(2.24) $2.49 Adjusted net”

Alcoa Corp announced a restructuring with charges of approximately $120 million affecting Intalco aluminum smelter (19 employees).

“to prepare the site for potential redevelopment will begin immediately. The Company will record restructuring and related charges in the first quarter of 2023 of approximately $120 million (pre- and after-tax), or $0.67 per share, related to the permanent closure of the Smelter. These charges include: approximately $17 million of asset impairments; approximately”

Alcoa Corp reported financial results for fourth quarter and full year 2022.

“On January 18, 2023, Alcoa Corporation (the “Company”) issued a press release announcing its fourth quarter and full year 2022 financial results.”

Molly S. Beerman was appointed as Executive Vice President and Chief Financial Officer at Alcoa Corp.

“Ms. Molly S. Beerman, current Senior Vice President and Controller (principal accounting officer) of the Company, is appointed Executive Vice President and Chief Financial Officer (principal financial officer and principal accounting officer) of the Company.”

William F. Oplinger was appointed as Executive Vice President and Chief Operations Officer at Alcoa Corp.

“Mr. William F. Oplinger, current Executive Vice President and Chief Financial Officer (principal financial officer) of the Company, is appointed Executive Vice President and Chief Operations Officer of the Company.”

John D. Slaven departed as Executive Vice President and Chief Operations Officer at Alcoa Corp.

“Mr. John D. Slaven, Executive Vice President and Chief Operations Officer, agreed that Mr. Slaven will leave the Company effective February 1, 2023”

James E. Nevels resigned as Director at Alcoa Corp.

“On September 20, 2022, the Board of Directors (the “Board”) of Alcoa Corporation (the “Company”), based on the recommendation of the Governance and Nominating Committee of the Board, accepted the resignation of James E. Nevels as a director of the Board, effective as of such date.”

Timothy D. Reyes departed as Executive Vice President and Chief Commercial Officer at Alcoa Corp.

“On December 15, 2021, Timothy D. Reyes, Executive Vice President and Chief Commercial Officer of Alcoa Corporation (the “Company”), provided notice to the Company of his decision to retire from this position effective February 1, 2022.”

Suzanne Sitherwood departed as Member of the Board of Directors at Alcoa Corp.

“On November 30, 2021, Ms. Suzanne Sitherwood provided notice to Alcoa Corporation (the “Company”) that she does not wish to stand for re-election as a member of the Company’s Board of Directors (the “Board”) at the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) and accordingly will not continue as a director following the conclusion of the Annual Meeting.”