SECURITIES AND EXCHANGE COMMISSION
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|Item 5.02.|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) John D. Sims retired from his position as Senior Advisor to the CEO effective as of February 28, 2021. As previously disclosed, Mr. Sims, who led the Company’s High Performance Materials and Components segment from 2013 through December 31, 2020, assumed the role of Senior Advisor to the CEO as of January 1, 2021 with the expectation that he would retire during 2021.
(e) The Company entered into a Consulting Agreement (“Consulting Agreement”), dated February 28, 2021 (the “Effective Date”), with Mr. Sims, pursuant to which Mr. Sims will provide certain consulting services to the Company as requested by the Company from time to time through the end of 2021, in exchange for which he will be entitled to certain consulting fees and other benefits as more fully described in the Consulting Agreement. The Consulting 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. Sims from competing against the Company or soliciting employees or customers of the Company for a period of 24 months following the effective date, together with other affirmative and negative covenants that are customary for agreements of this nature.
|Item 9.01.|| |
|(d)||Exhibit 10.1||Consulting Agreement dated February 28, 2021|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
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.
|ALLEGHENY TECHNOLOGIES INCORPORATED|
|Elliot S. Davis|
|Senior Vice President, General Counsel,|
|Chief Compliance Officer and Corporate Secretary|
Dated: March 2, 2021