Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On November 18, 2020, the Personnel and Compensation Committee of the Board of
Directors (the "Board") of Allegheny Technologies Incorporated (the "Company")
approved the restoration, effective as of December 1, 2020, of base salaries for
the Company's executive officers to their original 2020 levels, following the
temporary 20% reduction in the base salaries for the Company's Chief Executive
Officer, Robert S. Wetherbee, its Chief Financial Officer, Donald P. Newman, the
Company's other named executive officers and certain other executive officers
that, as previously announced, went into effect as of May 1, 2020. Additionally,
the Nominating & Governance Committee of the Board determined that the annual
cash retainer for each non-employee director serving on the Board also will be
restored, effective for the first quarterly portion thereof payable to them in
2021, following the previously-announced temporary 20% reduction in such
Directors' 2020 retainers. Base salaries for other affected employees were
restored in September.
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