Current Report Filing (8-k)
March 18 2019 - 5:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(
d
) of the
Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported): March 18, 2019 (March 14, 2019)
ARCONIC INC.
(Exact name of registrant as specified in
its charter)
Delaware
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1-3610
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25-0317820
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(State or other Jurisdiction
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(Commission File Number)
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(IRS Employer
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of Incorporation)
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Identification No.)
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390 Park Avenue, New York, New York
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10022-4608
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(Address of Principal Executive Offices)
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(Zip Code)
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Office of Investor
Relations 212-836-2758
Office of the
Secretary 212-836-2732
(Registrant’s
telephone number, including area code)
(Former Name
or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
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Emerging growth company
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¨
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If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
¨
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Item 5.02.
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Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On March 14, 2019, Arconic Inc. (the “
Company
”)
entered into a separation agreement with Charles P. Blankenship, the former Chief Executive Officer of the Company. The separation
agreement provides that, subject to Mr. Blankenship’s
non-revocation of a general release
of claims in favor of the Company
and compliance with his obligations under the separation agreement, and in full satisfaction
of Mr. Blankenship’s right to receive severance benefits, the Company will provide to Mr. Blankenship a cash payment of $4,600,000.
The separation agreement also contains a
mutual non-disparagement covenant, a mutual general release of claims, and a cooperation covenant, as well as an acknowledgement
by Mr. Blankenship that he continues to be bound by the terms of the Confidentiality, Developments, Non-Competition and Non-Solicitation
Agreement between him and the Company, dated as of October 19, 2017.
The foregoing description of the separation
agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the separation agreement
filed herewith as Exhibit 10.1.
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Item 9.01.
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Financial Statements and Exhibits.
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The following is filed as an exhibit to this report:
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.
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ARCONIC INC.
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Dated: March 18, 2019
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By:
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/s/ Katherine H. Ramundo
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Name:
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Katherine H. Ramundo
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Title:
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Executive Vice President, Chief Legal Officer and Secretary
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