ATI INC — Capital/Financing Update 2019

Jun 3, 2019

8-K 1 a51992898.htm ALLEGHENY TECHNOLOGIES INC. 8-K Copyright 2019 Business Wire, a Berkshire Hathaway company. All rights reserved www.businesswire.com

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): June 3, 2019

Allegheny Technologies Incorporated
(Exact
name of registrant as specified in its charter)

Delaware	1-12001	25-1792394
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1000 Six PPG Place, Pittsburgh, Pennsylvania	15222-5479
(Address
of principal executive offices)	(Zip
Code)

Registrant’s telephone number, including area code (412) 394-2800

N/A
(Former
name or former address, if changed since last report).

end_optional_former 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) :

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.10 per share	ATI	New York Stock Exchange

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 §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ⃞

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. ⃞

Item 8.01. Other Events.

On June 3, 2019, Allegheny Technologies Incorporated (the “Company”) completed the sale of two non-core forging facilities to Wynnchurch Capital, LLC for $37 million in cash. These facilities, located in Portland, IN and Lebanon, KY, are part of the Company’s High Performance Materials & Components segment. With $10 million of goodwill allocated to these operations from the Company's Forged Products reporting unit, the Company's second-quarter results will include an approximate $7 million loss on this transaction.

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.

	By:	/s/ Elliot S. Davis
		Elliot S. Davis
		Senior Vice President, General Counsel, Chief
		Compliance Officer and Secretary
Dated:	June 3, 2019

end_optional_former