SEC Filing Summary: Alcoa Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Alcoa Inc. on July 22, 2008, regarding an event that occurred on July 17, 2008. The filing addresses executive compensation and personnel changes. Note: The request metadata references "Howmet Aerospace Inc.," but the source text explicitly identifies the registrant as Alcoa Inc.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses solely on a specific compensatory arrangement.
Material Changes
The primary material change reported is the approval of a special retirement award for an executive officer:
- Recipient: Lawrence R. Purtell, Executive Vice President and Chairman's Counsel.
- Award Amount: $250,000.
- Approval Date: July 17, 2008, by the Compensation and Benefits Committee.
- Payment Timing: Payable upon retirement, scheduled for July 31, 2008.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies beyond the specific executive departure and compensation details.
Investor Verification Checklist
- Verify the identity of the registrant (Alcoa Inc.) versus the metadata request (Howmet Aerospace Inc.).
- Confirm the retirement date of Lawrence R. Purtell (July 31, 2008).
- Review the Compensation and Benefits Committee minutes for the approval of the $250,000 special award.
- Check subsequent filings for any changes to the executive's departure or compensation terms.