ATI Inc. Updates Executive Compensation Arrangements

TL;DR

**ATI Inc. just updated executive pay structures, watch for impact on leadership incentives.**

AI Summary

ATI Inc. filed an 8-K on January 10, 2024, reporting events from January 4, 2024, related to changes in its executive compensation arrangements. This filing indicates potential adjustments to how the company incentivizes its leadership, which could impact future financial performance and governance. Investors should note these changes as they reflect the company's strategy for executive retention and motivation, directly influencing long-term shareholder value.

Why It Matters

Changes in executive compensation can signal shifts in company strategy or a focus on retaining key talent, directly impacting operational stability and future financial results.

Risk Assessment

Risk Level: low — This filing primarily concerns administrative updates to executive compensation arrangements, which typically carry a low direct risk to immediate stock value.

Analyst Insight

Investors should monitor future filings or press releases for specific details regarding the changes in compensatory arrangements, as these details will clarify the potential impact on executive incentives and company strategy.

Key Players & Entities

• ATI Inc. (company) — the registrant filing the 8-K
• January 10, 2024 (date) — date of filing
• January 4, 2024 (date) — date of earliest event reported
• Dallas, Texas (location) — principal executive offices of ATI Inc.
• Delaware (location) — state of incorporation for ATI Inc.

FAQ

Key Financial Figures

• $0.10 — ich registered Common Stock, par value $0.10 per share ATI New York Stock Exchan

Filing Documents

• d658655d8k.htm (8-K) — 25KB
• d658655dex101.htm (EX-10.1) — 80KB
• 0001193125-24-005895.txt ( ) — 242KB
• ati-20240104.xsd (EX-101.SCH) — 3KB
• ati-20240104_lab.xml (EX-101.LAB) — 17KB
• ati-20240104_pre.xml (EX-101.PRE) — 11KB
• d658655d8k_htm.xml (XML) — 3KB

02

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) On January 4, 2024, Elliot S. Davis, Senior Vice President and Chief Legal and Compliance Officer of ATI Inc. (the "Company") advised the Company of his intention to retire from the Company effective as of October 1, 2024. Following selection of his successor, Mr. Davis will serve as Special Advisor, Legal and Compliance through his retirement date to support the transition of his role and responsibilities. (e) In connection with Mr. Davis's anticipated retirement, he and the Company entered into a Retirement, Transition and Release Agreement, dated as of January 8, 2024 (the "Retirement Agreement"), pursuant to which Mr. Davis is entitled to certain benefits as more fully described in the Retirement Agreement. The Retirement Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference, also contains provisions that restrict Mr. Davis from competing against the Company or soliciting employees or customers of the Company for a period of 24 months following the effective date of his retirement, together with other affirmative and negative covenants that are customary for agreements of this nature.

01

Item 9.01. Exhibit (d) Exhibit 10.1 Retirement, Transition and Release Agreement, dated January 8, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. ATI Inc. By: /s/: Tina K. Busch Tina K. Busch Senior Vice President, Chief Human Resources Officer Dated: January 10, 2024