<SEC-DOCUMENT>0001157523-18-001812.txt : 20180814
<SEC-HEADER>0001157523-18-001812.hdr.sgml : 20180814
<ACCEPTANCE-DATETIME>20180814073125
ACCESSION NUMBER:		0001157523-18-001812
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180814
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180814
DATE AS OF CHANGE:		20180814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALLEGHENY TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001018963
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL PIPE & TUBES [3317]
		IRS NUMBER:				251792394
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12001
		FILM NUMBER:		181014265

	BUSINESS ADDRESS:	
		STREET 1:		1000 SIX PPG PLACE
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222
		BUSINESS PHONE:		4123942800

	MAIL ADDRESS:	
		STREET 1:		100 SIX PPG PLACE
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALLEGHENY TELEDYNE INC
		DATE OF NAME CHANGE:	19960716
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51852149.htm
<DESCRIPTION>ALLEGHENY TECHNOLOGIES INCORPORATED 8-K
<TEXT>
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      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 11pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 11pt"><br style="font-size: 11pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-family: Times New Roman; font-size: 11pt"><b>Washington,
      DC 20549</b></font><br><br><font style="font-family: Times New Roman; font-size: 14pt"><b>FORM
      8-K</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 13pt"><b>CURRENT
      REPORT</b></font><br><font style="font-family: Times New Roman; font-size: 11pt"><b>
      Pursuant to Section 13 or 15(d) of the</b></font><br><font style="font-family: Times New Roman; font-size: 11pt"><b>Securities
      Exchange Act of 1934</b></font><br><br><br>
    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">Date
            of Report (Date of earliest event reported):</font>
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 60%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">August
            14, 2018</font>
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    <p style="text-align: center">

    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            Allegheny Technologies Incorporated
          </p>
        </td>
      </tr>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Exact
            name of registrant as specified in its charter)</font>
          </p>
        </td>
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    <p style="text-align: center">
      <br>

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          <p style="margin-top: 0px; margin-bottom: 0px">
            Delaware
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          <p style="margin-top: 0px; margin-bottom: 0px">
            1-12001
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; border-bottom-width: 1.0pt; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            25-1792394
          </p>
        </td>
      </tr>
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        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of incorporation)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 34%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
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    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 75%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1000 Six PPG Place, Pittsburgh, Pennsylvania
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; border-bottom-width: 1.0pt; width: 25%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            15222-5479
          </p>
        </td>
      </tr>
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        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 75%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 25%">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
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    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
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        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px; width: 45%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
            telephone number, including area code</font>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; border-bottom-style: solid; padding-right: 0.0px; border-bottom-width: 1.0pt; width: 55%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (412) 394-2800
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
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    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            N/A
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman">(Former
            name or former address, if changed since last report).</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>

    </p>
    <p>
      <!--end_optional_former-->
      <font style="font-size: 10pt; font-family: Times New Roman">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:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
      &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
      &#167;240.12b-2).
    </p>
    <p style="white-space: nowrap">
      Emerging growth company&#160;&#160;&#9744;
    </p>
    <p>
      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.&#160;&#160;&#9744;
    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Item 5.02. &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Departure of Directors or Certain Officers;
      Election of Directors; Appointment of Certain Officers; Compensatory
      Arrangements of Certain Officers.</b>
    </p>
    <p>
      (b)&#160;On August 14, 2018, Allegheny Technologies Incorporated (the
      &#8220;Company&#8221;) announced that Richard J. Harshman will retire as President
      and Chief Executive Officer of the Company, effective December 31,
      2018.&#160;&#160;Mr. Harshman will remain employed by the Company and continue to
      serve as Executive Chairman of the Board of Directors of the Company
      (the &#8220;Board&#8221;) until the conclusion of his current Board term coincident
      with the Company&#8217;s upcoming 2019 Annual Meeting of Stockholders (the
      &#8220;2019 Annual Meeting&#8221;), when he will retire from the Board and from his
      employment by the Company.&#160;&#160;The Board appointed Diane C. Creel, who
      currently serves as the Company&#8217;s Lead Independent Director, to serve as
      the Company&#8217;s Board Chair beginning immediately upon Mr. Harshman&#8217;s
      retirement from the Board.&#160;&#160;
    </p>
    <p>
      (c) Also on August 14, 2018, the Company announced that the Board has
      appointed Robert S. Wetherbee to serve, effective as of January 1, 2019,
      as President and Chief Executive Officer of the Company and as a member
      of the Board.&#160;&#160;Mr. Wetherbee will serve as a Class II Director and will
      stand for re-election to the Board at the 2019 Annual Meeting.&#160;&#160;
    </p>
    <p>
      Robert Wetherbee has served as President, ATI Flat Rolled Products,
      since April 2014.&#160;&#160;Prior to that, Mr. Wetherbee was President and Chief
      Executive Officer of Minerals Technologies, Inc. from March 2013 to
      February 2014. From 2010 to early 2013, he served as President of ATI&#8217;s
      Tungsten Materials business, which the Company sold in late 2013.&#160;&#160;Prior
      to joining ATI, he spent 29 years at Alcoa Inc. in a variety of
      operational leadership roles, most recently serving as Alcoa&#8217;s Vice
      President of Market Strategy. &#160;&#160;
    </p>
    <p>
      In his role as President and Chief Executive Officer, Mr. Wetherbee&#8217;s
      base annual salary will be increased to $825,000, and he will have a
      2019 target award opportunity under the Company&#8217;s Annual Incentive Plan
      equal to 100% of his base salary.&#160;&#160;Additionally, in 2019 Mr. Wetherbee
      will receive an annual equity award under the Company&#8217;s Long-Term
      Incentive Plan with a grant-date target value equal to approximately
      360% of his base salary, comprised 70% of performance-vested restricted
      stock units and 30% of time-vested restricted stock units, consistent
      with the Company&#8217;s current executive compensation programs, and will
      continue to be eligible to participate in the Company&#8217;s other benefit
      programs.&#160;&#160;&#160;&#160;
    </p>
    <p>
      The Company issued a press release on August 14, 2018 regarding these
      matters. The press release is set forth in its entirety and attached as
      Exhibit 99.1 to this Form 8-K.<br><br><br>
    </p>
    <p style="text-align: justify; white-space: nowrap">
      <b>Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibit</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 8%">
          (d)
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 12%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51852149ex99_1.htm">Exhibit 99.1</a>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 80%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51852149ex99_1.htm">Press release dated August 14, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify; white-space: nowrap">

    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u><font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font></u><br><br><br><br>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      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.
    </p>
    <p style="text-indent: 30.0px">
      <br>
      <br>

    </p>
    <div style="text-align:center">
    <table style="margin-left:auto;margin-right:auto; font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            ALLEGHENY TECHNOLOGIES INCORPORATED
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 5%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px; width: 44%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px; width: 3%">
          By:
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 42%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Elliot S. Davis
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 42%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Elliot S. Davis
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 42%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President, General Counsel,
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 42%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Compliance Officer and Corporate Secretary
          </p>
        </td>
        <td style="width: 5%">

        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 42%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 5%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 6%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 44%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            August 14, 2018
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 42%">

        </td>
        <td style="width: 5%">

        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51852149ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>ATI
      Announces CEO Succession Plan</b></font>
    </p>
    <p>
      PITTSBURGH--(BUSINESS WIRE)--August 14, 2018--Allegheny Technologies
      Incorporated (NYSE: ATI) announced today that its Board of Directors has
      appointed Robert S. Wetherbee to become ATI&#8217;s President and Chief
      Executive Officer effective January 1, 2019, when he will also join the
      ATI Board.
    </p>
    <p>
      Mr. Wetherbee, 58, was identified through a robust, Board-driven
      leadership development and succession planning process to succeed
      Richard J. Harshman as ATI&#8217;s President and Chief Executive Officer. Mr.
      Harshman, who currently serves as ATI&#8217;s Chairman, President and Chief
      Executive Officer, has informed the Board he will retire after a
      distinguished 41-year career with ATI to spend more time with his family.
    </p>
    <p>
      To ensure a smooth leadership transition, Mr. Harshman will remain
      Chairman, President and Chief Executive Officer until January 1, 2019,
      following which he will continue to serve as Executive Chairman of the
      Board until his retirement in conjunction with ATI&#8217;s May 9, 2019 Annual
      Meeting.
    </p>
    <p>
      The Board has elected Diane C. Creel, who has served as ATI&#8217;s Lead
      Independent Director since 2011, to become Board Chair effective
      immediately following Mr. Harshman&#8217;s May 2019 retirement.
    </p>
    <p>
      Bob Wetherbee has been ATI&#8217;s Executive Vice President, Flat Rolled
      Products Group since 2014. He was recruited in 2014 to transform ATI&#8217;s
      Flat Rolled Products (FRP) business, then heavily reliant on commodity
      stainless steel and strip, into the business that it is today: a
      producer of high-value differentiated flat rolled products, which
      leverages its innovative Hot Rolling and Processing Facility (HRPF) and
      other assets to serve global markets, including the aerospace and
      defense, oil &amp; gas, and chemical/hydrocarbon processing industries, with
      a base load of commodity stainless products.
    </p>
    <p>
      Bob first joined ATI in 2010 to run the Tungsten Materials business,
      which under his leadership, achieved record financial performance
      results prior to its divestiture by ATI in 2013. Bob left ATI in early
      2013 to serve as the CEO of another public company for approximately one
      year before being recruited back to ATI by Mr. Harshman to lead the
      transformation of the FRP business. Prior to joining ATI, Bob spent 29
      years at Alcoa serving in a variety of operational leadership roles
    </p>
    <p>
      Mr. Harshman commented, &#8220;ATI begins the next phase of its journey from a
      position of strength as a more aligned and integrated,
      technology-focused global leader in specialty materials and complex
      components. It is the absolute right time for this transition to a
      leader who played a key role in all that we have accomplished since
      2014. Bob is an excellent selection to lead the company into the future.&#8221;
    </p>
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    <p>
      &#8220;Bob is an experienced, respected, values-based leader with deep
      knowledge of ATI&#8217;s global markets, customers, technologies, operations
      and products. He has extensive operational leadership experience within
      ATI and other large globally-focused specialty materials manufacturers,&#8221;
      Ms. Creel stated. &#8220;The Board is confident that Bob will continue ATI&#8217;s
      strategy of leveraging its technology leadership and driving a
      relentless focus on innovation and continuous improvement to create
      long-term sustainable value for ATI&#8217;s shareholders and customers and
      opportunities for our employees.&#8221;
    </p>
    <p>
      &#8220;On behalf of ATI&#8217;s Board of Directors, I want to thank Rich for his
      outstanding leadership and commitment to ATI over the years,&#8221; said Ms.
      Creel. &#8220;He had the vision and courage to make tough decisions and to
      create a values-based culture committed to teamwork, accountability, and
      innovation. The Board respects and supports Rich&#8217;s decision to retire.&#8221;
    </p>
    <p>
      &#8220;I am honored to succeed Rich as ATI&#8217;s next CEO and to have the
      opportunity and privilege to lead ATI&#8217;s team of talented and dedicated
      people,&#8221; said Mr. Wetherbee. &#8220;We have significantly transformed ATI over
      the last several years, and I will continue our relentless focus on
      advancing ATI&#8217;s strategy to be the world&#8217;s best specialty materials and
      components manufacturer.&#8221;
    </p>
    <p>
      Bob&#8217;s successful leadership of ATI&#8217;s Flat Rolled Products business led
      to many significant achievements, most notably:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Completion and commissioning of ATI&#8217;s state-of-the-art Hot Rolling
        Processing Facility
      </li>
      <li style="margin-bottom: 10.0px">
        Shut down of underperforming and uncompetitive operations and product
        lines
      </li>
      <li style="margin-bottom: 10.0px">
        Streamlining of FRP&#8217;s operations and workforce
      </li>
      <li style="margin-bottom: 10.0px">
        Achievement of critical cost reductions and work flow improvements
        through a variety of union negotiations
      </li>
      <li style="margin-bottom: 10.0px">
        Re-focusing of the commercial and engineering organizations on
        differentiated products and growth strategies
      </li>
      <li style="margin-bottom: 10.0px">
        Building a workforce with the necessary leadership, materials science,
        and process automation skills of the future.
      </li>
    </ul>
    <p>
      These actions have ATI&#8217;s Flat Rolled Products Group strongly positioned
      for sustainable profitable growth.
    </p>
    <p>
      Bob holds a Bachelor of Science in Industrial Administration with an
      emphasis in Accounting from Iowa State University, attained his CPA, and
      completed a variety of manufacturing education and leadership
      development programs.
    </p>
    <p>
      This news release contains forward-looking statements within the meaning
      of the Private Securities Litigation Reform Act of 1995. Forward-looking
      statements are based on management's current expectations and include
      known and unknown risks, uncertainties and other factors, many of which
      we are unable to predict or control, that may cause our actual results,
      performance or achievements to materially differ from those expressed or
      implied in the forward-looking statements. Additional information
      concerning factors that could cause actual results to differ materially
      from those projected in the forward-looking statements is contained in
      our filings with the Securities and Exchange Commission. We assume no
      duty to update our forward-looking statements.
    </p>
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    <p>
      <i><b>Creating Value Thru Relentless Innovation&#8482;</b></i>
    </p>
    <p>
      ATI is a global manufacturer of technically advanced specialty materials
      and complex components. With revenue of $3.8 billion for the twelve
      month period ending June 30, 2018, our largest market is aerospace &amp;
      defense, particularly jet engines. We also have a strong presence in the
      oil &amp; gas, electrical energy, medical, automotive, and other industrial
      markets. ATI is a market leader in manufacturing differentiated
      specialty alloys and forgings that require our unique manufacturing and
      precision machining capabilities and our innovative new product
      development competence. We are a leader in producing powders for use in
      next-generation jet engine forgings and 3D-printed aerospace products.
      ATIMetals.com
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Allegheny Technologies Incorporated<br>Scott A. Minder,
      412-395-2720<br><u>www.ATImetals.com</u>
    </p>
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