<SEC-DOCUMENT>0001157523-19-001539.txt : 20190718
<SEC-HEADER>0001157523-19-001539.hdr.sgml : 20190718
<ACCEPTANCE-DATETIME>20190718084325
ACCESSION NUMBER:		0001157523-19-001539
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190718
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190718
DATE AS OF CHANGE:		20190718

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:		19960523

	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>a52013986.htm
<DESCRIPTION>ALLEGHENY TECHNOLOGIES INCORPORATED 8-K
<TEXT>
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  <div style="font-family: 'Times New Roman',Times,serif;">
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Washington, DC 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 14pt;">&#160;</font>Pursuant to Section 13 or 15(d) of the</div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div><font style="font-size: 12pt;"> </font>
      <table cellspacing="0" cellpadding="0" border="0" align="" id="z3c4bc8db094945a0a72f369a1109c94b" style="width: 100%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

          <tr>
            <td style="width: 50%; padding-bottom: 2px;">
              <div>Date of Report (Date of earliest event reported):</div>
            </td>
            <td style="width: 50%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>July 18, 2019<br>
              </div>
            </td>
          </tr>

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    <div> <br>
    </div>
    <div style="text-align: center;"> <font style="font-size: 16pt;">Allegheny Technologies Incorporated</font>&#160;&#160;</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center;"> (Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z2635bbf27e194182813eee61de3a828a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td style="width: 35%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Delaware <br>
              </div>
            </td>
            <td style="width: 30%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">&#160;1-12001</div>
            </td>
            <td style="width: 35%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">25-1792394 <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%;">
              <div style="text-align: center;">(State or other jurisdiction <br>
              </div>
              <div style="text-align: center;">of incorporation) </div>
            </td>
            <td style="width: 30%;">
              <div style="text-align: center;">&#160;(Commission</div>
              <div style="text-align: center;">File Number) </div>
            </td>
            <td style="width: 35%;">
              <div style="text-align: center;">&#160;(IRS Employer</div>
              <div style="text-align: center;">Identification No.) </div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="zfcd40ed969634b389fd0ddac7dfdd7ab" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td style="width: 65%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">1000 Six PPG Place, Pittsburgh, Pennsylvania <br>
              </div>
            </td>
            <td style="width: 35%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">&#160;15222-5479</div>
            </td>
          </tr>
          <tr>
            <td style="width: 65%;">
              <div style="text-align: center;">&#160;(Address of principal executive offices)</div>
            </td>
            <td style="width: 35%;">
              <div style="text-align: center;">(Zip Code) <br>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z33ea8c5115f147b685886e1601f398c6" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td style="width: 50%; padding-bottom: 2px;">
              <div>Registrant&#8217;s telephone number, including area code</div>
            </td>
            <td style="width: 50%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>(412) 394-2800</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">N/A</div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="text-align: center;">(Former name or former address, if changed since last report).</div>
    <div>&#160;</div>
    <div>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 (see General Instruction A.2. below):</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" style="width: 100%;" id="zec3f47c2fd304b4389fd90d0137f47b8">

        <tr>
          <td style="width: 2%; font-size: 10pt;">
            <div>&#160;</div>
          </td>
          <td style="width: 3%; font-size: 10pt;">
            <div>&#9744;</div>
          </td>
          <td style="width: 95%; font-size: 10pt;">
            <div>Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="width: 100%;" id="z64535afacbc04763ba429cac46d9249c">

        <tr>
          <td style="width: 2%; font-size: 10pt;">
            <div>&#160;</div>
          </td>
          <td style="width: 3%; font-size: 10pt;">
            <div>&#9744;</div>
          </td>
          <td style="width: 95%; font-size: 10pt;">
            <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="width: 100%;" id="z98f6527300ae4534b59e317f6a0b3c1b">

        <tr>
          <td style="width: 2%; font-size: 10pt;">
            <div>&#160;</div>
          </td>
          <td style="width: 3%; font-size: 10pt;">
            <div>&#9744;</div>
          </td>
          <td style="width: 95%; font-size: 10pt;">
            <div>Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
        </tr>

    </table>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="width: 100%;" id="z3c9b8a09afbc4a83925a35939b4edaf3">

        <tr>
          <td style="width: 2%; font-size: 10pt;">
            <div>&#160;</div>
          </td>
          <td style="width: 3%; font-size: 10pt;">
            <div>&#9744;</div>
          </td>
          <td style="width: 95%; font-size: 10pt;">
            <div>Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) <br>
            </div>
          </td>
        </tr>

    </table>
    <div> <br>
      Securities registered pursuant to Section 12(b) of the Act:</div>
    <div><br>
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%;" id="z539f87e54c574220b01a9b36c7290072">

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            <td style="width: 35%; font-size: 10pt; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Title of each class</div>
            </td>
            <td style="width: 30%; font-size: 10pt; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">Trading Symbol(s)</div>
            </td>
            <td style="width: 35%; font-size: 10pt; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Name of each exchange on which registered</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35%; font-size: 10pt; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">Common Stock, par value $0.10 per share</div>
            </td>
            <td style="width: 30%; font-size: 10pt; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">ATI</div>
            </td>
            <td style="width: 35%; font-size: 10pt; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">New York Stock Exchange</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
      <div>
        <div>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).</div>
      </div>
      <div>
        <div style="text-align: right;">Emerging growth company &#9744;</div>
      </div>
      <div>
        <div>&#160;</div>
        <div>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. &#9744;</div>
        <div> <br>
        </div>
      </div>
    </div>
    <div id="DSPFPageBreakArea">
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    </div>
    <br>
    <div style="font-weight: bold;">Item 8.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Other Events.</div>
    <div>
      <div>&#160;</div>
      <div style="text-indent: 18pt;">On July 18, 2019, Allegheny Technologies Incorporated (the &#8220;Company&#8221;) announced it has completed the sale of a portion of its oil and gas rights in Eddy County, New Mexico and has reached an agreement to sell the
        remaining portion of these rights, both to the same undisclosed buyer.&#160; The completed second quarter 2019 sale and the pending sale of the Company&#8217;s remaining rights, which is anticipated to close in third quarter 2019, are expected to generate
        over $90 million in pretax income and cash for ATI in the aggregate.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div style="text-indent: 18pt;">The text of the Company&#8217;s Press Release is included as Exhibit 99.1 to this Current Report on Form 8-K.</div>
    <div>
      <div><br>
      </div>
    </div>
    <div style="font-weight: bold;">Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibit</div>
    <div><br>
    </div>
    <div>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a href="a52013986ex99_1.htm">Exhibit 99.1</a>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <a href="a52013986ex99_1.htm">Press release dated July 18, 2019.</a></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    </div>
    <div style="text-align: center; font-weight: bold;"><u>SIGNATURE</u></div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">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.</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z26c9a3e61a204dd09b2e7235eb0020dd" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 4%;">
              <div>ALLEGHENY TECHNOLOGIES INCORPORATED</div>
            </td>
            <td style="width: 10%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;">
              <div>&#160;</div>
            </td>
            <td style="width: 36%;">
              <div>&#160;</div>
            </td>
            <td style="width: 10%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; padding-bottom: 2px;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; padding-bottom: 2px;">
              <div>By:</div>
            </td>
            <td style="width: 36%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/s/ Elliot S. Davis</div>
            </td>
            <td style="width: 10%; padding-bottom: 2px;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;">
              <div>&#160;</div>
            </td>
            <td style="width: 36%;">
              <div>
                <div>Elliot S. Davis</div>
              </div>
            </td>
            <td style="width: 10%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;">
              <div>&#160;</div>
            </td>
            <td colspan="2" rowspan="1" style="width: 36%;">
              <div>Senior Vice President, General Counsel, Chief
                <div>Compliance Officer and Secretary</div>
              </div>
            </td>
          </tr>

      </table>
    </div>
    <br>
    <div>Dated:&#160; July 18, 2019</div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52013986ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div style="text-align: right;"> <br>
  </div>
  <div> <br>
  </div>
  <div>
    <div class="bw-release">
      <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <b>ATI Monetizes Oil and Gas Rights in New Mexico</b> </h1>
      <div class="bw-release-subhead">
        <p style="text-align: center; list-style-position:inside;"><b> <i>Sales Increase Available Cash to Fund Balance Sheet Improvement Initiatives</i> </b></p>
      </div>
      <div class="bw-release-body">
        <div class="bw-release-table-js bw-release-story">
          <p>PITTSBURGH--(BUSINESS WIRE)--July 16, 2019--Allegheny Technologies Incorporated (NYSE: ATI) today announced it has completed the sale of a portion of its oil and gas rights in Eddy County, New Mexico and has reached an agreement to sell the
            remaining portion of these rights, both to the same undisclosed buyer. The completed second quarter 2019 sale and the definitive sales agreement, anticipated to close in third quarter 2019, are expected to generate over $90 million in pretax
            income and cash for ATI. </p>
          <p> These oil and gas rights were initially acquired by the company in 1972 along with land purchased by Teledyne, Inc., which later became part of ATI. The land was subsequently sold, with the company retaining its underlying oil and gas rights.
          </p>
          <p> &#8220;We continue to leverage the sale of non-core assets to increase cash available to fund ongoing balance sheet improvement initiatives,&#8221; said Robert S. Wetherbee, President and Chief Executive Officer. &#8220;We remain focused on our balance sheet
            and intend to make significant progress on both pension funding and debt reduction over the next 12 months.&#8221; </p>
          <p> ATI&#8217;s second quarter 2019 results will include pretax non-operating income and cash flows of $29 million and it is expected that third quarter 2019 results will include approximately $62 million of pretax non-operating income and cash flows
            related to these oil and gas rights sales. </p>
          <p> <b><i>Creating Value Thru Relentless Innovation&#8482;</i></b> </p>
          <p> ATI is a global manufacturer of technically advanced specialty materials and complex components. 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. 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. See more at our
            website ATImetals.com. </p>
        </div>
        <div class="bw-release-contact">
          <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
          <p> <b>Investor Contact: </b><br>
            Scott A. Minder <br>
            412-395-2720 <br>
            scott.minder@atimetals.com <br>
            www.ATImetals.com </p>
          <p> <b>Media Contact: </b><br>
            Natalie Gillespie <br>
            412-394-2850 <br>
            natalie.gillespie@atimetals.com </p>
        </div>
      </div>
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</SEC-DOCUMENT>
