<SEC-DOCUMENT>0001157523-19-001362.txt : 20190604
<SEC-HEADER>0001157523-19-001362.hdr.sgml : 20190604
<ACCEPTANCE-DATETIME>20190604082216
ACCESSION NUMBER:		0001157523-19-001362
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190604
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190604
DATE AS OF CHANGE:		20190604

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:		19875309

	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>a51993558.htm
<DESCRIPTION>ALLEGHENY TECHNOLOGIES INCORPORATED 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 16pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 16pt"><br style="font-size: 16pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 16pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 14pt"><br style="font-size: 14pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>Washington,
      DC 20549</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 16pt"><b>FORM
      8-K</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 14pt"><b>CURRENT
      REPORT</b></font><br><font style="font-family: Times New Roman; font-size: 11pt"><b>
      </b></font><b><font style="font-family: Times New Roman; font-size: 12pt">Pursuant
      to Section 13 or 15(d) of the</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>Securities
      Exchange Act of 1934</b></font><br><br><br>
    </p>
<div style="text-align:left">
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        <td style="width: 40%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">Date
            of Report (Date of earliest event reported):</font>
          </p>
        </td>
        <td style="border-bottom-style: solid; width: 60%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">June
            4, 2019</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 16pt">Allegheny Technologies Incorporated</font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Exact
            name of registrant as specified in its charter)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="border-bottom-style: solid; width: 33%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Delaware
          </p>
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; width: 34%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1-12001
          </p>
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; width: 33%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            25-1792394
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%; padding-left: 0.0px; text-align: center" valign="bottom">
          <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 style="width: 34%; padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td style="width: 33%; padding-left: 0.0px; text-align: center" valign="bottom">
          <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>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="border-bottom-style: solid; width: 75%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1000 Six PPG Place, Pittsburgh, Pennsylvania
          </p>
        </td>
        <td style="white-space: nowrap; border-bottom-style: solid; width: 25%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            15222-5479
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 75%; padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of principal executive offices)</font>
          </p>
        </td>
        <td style="width: 25%; padding-left: 0.0px; text-align: center" valign="bottom">
          <font style="font-family: Times New Roman; font-size: 10pt">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

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

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="white-space: nowrap; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            N/A
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Former
            name or former address, if changed since last report).</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <!--end_optional_former-->
      <font style="font-family: Times New Roman; font-size: 10pt">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>(<i>see</i> General Instruction A.2.
      below)<font style="font-family: Times New Roman; font-size: 10pt">:</font>
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; margin-left: 30.0px">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; margin-left: 30.0px">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; margin-left: 30.0px">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; margin-left: 30.0px">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
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        <td style="border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="top" colspan="2">
          <p style="font-size: 10pt; font-family: Times New Roman">
            Securities registered pursuant to Section 12(b) of the Act:
          </p>
        </td>
        <td style="border-bottom-style: solid; width: 40%; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; width: 40%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="top">
          Title of each class
        </td>
        <td style="border-bottom-style: solid; width: 20%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="top">
          Trading Symbol(s)
        </td>
        <td style="border-bottom-style: solid; width: 40%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="top">
          Name of each exchange on which registered
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; width: 40%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="top">
          Common Stock, par value $0.10 per share
        </td>
        <td style="border-bottom-style: solid; width: 20%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="top">
          ATI
        </td>
        <td style="border-bottom-style: solid; width: 40%; padding-left: 0.0px; border-bottom-color: black; text-align: center; border-bottom-width: 1.0pt" valign="top">
          New York Stock Exchange
        </td>
      </tr>
    </table>
    </div>
    <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&#160;&#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17
      CFR&#160;&#167;240.12b-2).
    </p>
    <p style="text-align: right">
      Emerging growth company&#160;&#160;<font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </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;<font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; 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>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 10%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 8.01.</b>
          </p>
        </td>
        <td style="width: 90%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Other Events.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On June 4, 2019, Allegheny Technologies Incorporated (the
      &#8220;Company&#8221;) announced that it had reached a definitive agreement to sell
      its Cast Products business to Consolidated Precision Products
      Corp.&#160;&#160;&#160;ATI&#8217;s Cast Products business unit is part of its High
      Performance Materials and Components segment.&#160;&#160;The transaction, which is
      subject to customary regulatory approvals, is expected to close in the
      early part of the third quarter of 2019.&#160;&#160;
    </p>
    <p style="white-space: nowrap; margin-right: 30.0px; text-align: justify">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The text of the Company&#8217;s Press Release is included as
      Exhibit 99.1 to this Current Report on Form 8-K.<br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 10%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 9.01.</b>
          </p>
        </td>
        <td style="width: 90%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 8%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51993558ex99_1.htm">(d)</a>
          </p>
        </td>
        <td style="width: 15%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51993558ex99_1.htm">Exhibit 99.1</a>
          </p>
        </td>
        <td style="width: 77%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51993558ex99_1.htm">Press release dated June 4, 2019.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: justify">

    </p>
    <p>

    </p>
    <div style="width: 100%; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt; 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-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font></u><br><br><br><br>
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      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="font-size: 10pt; width: 100%; font-family: Times New Roman; margin-left:auto;margin-right:auto; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            ALLEGHENY TECHNOLOGIES INCORPORATED
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 13%">

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

        </td>
        <td style="width: 39%">

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

        </td>
        <td style="width: 13%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 39%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 3%; padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="top">
          By:
        </td>
        <td style="border-bottom-style: solid; width: 39%; padding-left: 0.0px; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Elliot S. Davis
          </p>
        </td>
        <td style="width: 13%">

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

        </td>
        <td style="width: 39%">

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

        </td>
        <td style="width: 39%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Elliot S. Davis
          </p>
        </td>
        <td style="width: 13%">

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

        </td>
        <td style="width: 39%">

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President, General Counsel, Chief
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Compliance Officer and Secretary
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 39%">

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

        </td>
        <td style="width: 39%">

        </td>
        <td style="width: 13%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
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            June 4, 2019
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51993558ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <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 Sale of Titanium Investment Castings Business</b></font>
    </p>
    <p style="text-align: center">
      <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Strategic
      Portfolio Optimization Action Will Drive Improved Financial Results</b></font></i>
    </p>
    <p>
      PITTSBURGH--(BUSINESS WIRE)--June 4, 2019--Allegheny Technologies
      Incorporated (NYSE: ATI) today announced it has reached a definitive
      agreement to sell its Cast Products business to Consolidated Precision
      Products Corp. (CPP) of Cleveland, OH. CPP operates 16 global facilities
      manufacturing products primarily for the aerospace, defense and
      industrial industries and is a portfolio company of Warburg Pincus, a
      leading global private equity firm. The transaction, subject to
      customary regulatory approvals, is expected to close in the early part
      of the third quarter 2019.
    </p>
    <p>
      The ATI Cast Products business unit is part of the High Performance
      Materials &amp; Components (HPMC) segment. It produces titanium investment
      castings that are primarily used by aerospace &amp; defense OEMs in the
      production of commercial jet airframes and engines. A post-casting
      machining facility in Salem, OR will remain with ATI and provide
      services to CPP and others.
    </p>
    <p>
      &#8220;We continue to actively evaluate our business portfolio to ensure that
      we are focused on the businesses that offer ATI the best combination of
      growth, profitability, and corporate synergies,&#8221; said Robert S.
      Wetherbee, President and Chief Executive Officer.
    </p>
    <p>
      &#8220;ATI&#8217;s HPMC segment is at its best when we couple our materials science
      expertise and extensive forging experience to produce critical jet
      engine components in our world-class production facilities,&#8221; said John
      Sims, Executive Vice President, HPMC Segment. &#8220;ATI&#8217;s Cast Products
      business is a good fit for CPP&#8217;s aerospace and industrial focused
      business portfolio.&#8221;
    </p>
    <p>
      The gross cash proceeds will be used to further ATI&#8217;s capital deployment
      priorities, principally focused on improving its balance sheet by
      reducing corporate debt levels and funding its pension obligations, as
      well as building its strategic cash reserves over time. ATI&#8217;s third
      quarter 2019 results will likely include a modest gain from this
      transaction.
    </p>
    <p>
      Lazard acted as the exclusive financial advisor to ATI for this
      transaction.
    </p>
    <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.&#160;ATI revenue was $4.1 billion for the
      twelve-month period ended March 31, 2019. Our largest markets are
      aerospace &amp; defense, particularly jet engines.&#160;We also have a strong
      presence in the oil &amp; gas, electrical energy, medical, automotive, and
      other industrial markets.&#160;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.&#160;We are a leader in producing powders
      for use in next-generation jet engine forgings and 3D-printed aerospace
      products.&#160;See more at our website <u>ATImetals.com</u>.
    </p>
    <p>
      CONTACT:<br>Allegheny Technologies Incorporated<br><u>www.ATImetals.com</u>
    </p>
    <p>
      <b>Investor Contact:</b><br>Scott A. Minder<br>412-395-2720<br><u>scott.minder@atimetals.com</u>
    </p>
    <p>
      <b>Media Contact:</b><br>Natalie Gillespie<br>412-394-2850<br><u>natalie.gillespie@atimetals.com</u>
    </p>
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