Metallus Inc. Files 8-K Report
Ticker: MTUS · Form: 8-K · Filed: May 20, 2024 · CIK: 1598428
| Field | Detail |
|---|---|
| Company | Metallus Inc. (MTUS) |
| Form Type | 8-K |
| Filed Date | May 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $121 million, $3 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-filing, sec-filing
Related Tickers: MTUS
TL;DR
Metallus Inc. (MTUS) filed an 8-K on 5/15/24, updating its corporate info. Nothing major, just housekeeping.
AI Summary
On May 15, 2024, Metallus Inc. (formerly TimkenSteel Corp) filed an 8-K report. The filing indicates that the company's principal executive offices are located at 1835 Dueber Avenue SW, Canton, OH 44706. The company's telephone number is 330-471-7000. This report is filed under the Securities Exchange Act of 1934.
Why It Matters
This 8-K filing serves as an official notification of the company's operational details and reporting status to the SEC, providing transparency for investors.
Risk Assessment
Risk Level: low — The filing is a routine corporate update and does not contain information that suggests immediate financial or operational risk.
Key Players & Entities
- Metallus Inc. (company) — Registrant
- TimkenSteel Corp (company) — Former name
- 1835 Dueber Avenue SW, Canton, OH 44706 (location) — Principal Executive Offices
- 330-471-7000 (phone_number) — Registrant's Telephone Number
- May 15, 2024 (date) — Date of earliest event reported
FAQ
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing is May 15, 2024.
What is the principal executive office address for Metallus Inc.?
The principal executive office address for Metallus Inc. is 1835 Dueber Avenue SW, Canton, OH 44706.
What was Metallus Inc.'s former company name?
Metallus Inc.'s former company name was TimkenSteel Corp.
What is the telephone number for Metallus Inc.?
The telephone number for Metallus Inc. is (330) 471-7000.
Under which section of the Securities Exchange Act is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 499 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-05-20 16:41:27
Key Financial Figures
- $121 million — Plan termination settles approximately $121 million of the Company's remaining U.S. pension
- $3 million — ension settlement gain of approximately $3 million in the second quarter of 2024. SIGNAT
Filing Documents
- mtus-20240515.htm (8-K) — 54KB
- img20926001_0.jpg (GRAPHIC) — 665KB
- 0000950170-24-062474.txt ( ) — 1689KB
- mtus-20240515.xsd (EX-101.SCH) — 30KB
- mtus-20240515_htm.xml (XML) — 5KB
01
Item 8.01 Other Events. On May 15, 2024, Metallus Inc. (the "Company") entered into an agreement to purchase a group annuity contract from The Prudential Insurance Company of America ("Prudential") in connection with the termination of the TimkenSteel Corporation Retirement Plan (the "Salaried Pension Plan"). The Salaried Pension Plan termination settles approximately $121 million of the Company's remaining U.S. pension obligations. Prudential will pay future benefits under the group annuity contract starting August 1, 2024 for all remaining participants in the Salaried Pension Plan. Benefits payable to Salaried Pension Plan participants will not be reduced as a result of this transaction. The group annuity contract will be purchased using existing assets of the Salaried Pension Plan and requires no cash contribution from the Company. The Company expects to realize a non-cash pension settlement gain of approximately $3 million in the second quarter of 2024.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. METALLUS INC. Date: May 20, 2024 By: /s/ Kristine C. Syrvalin Kristine C. Syrvalin Executive Vice President, General Counsel and Chief Human Resources Officer