UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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 07, 2023 |
KAISER ALUMINUM CORPORATION
(Exact name of Registrant as Specified in Its Charter)
Delaware |
1-09447 |
94-3030279 |
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(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
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1550 West McEwen Drive Suite 500 |
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Franklin, Tennessee |
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37067 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (629) 252-7040 |
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(Former Name or Former Address, if Changed Since Last Report)
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:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Common stock, par value $0.01 per share |
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KALU |
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Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 7, 2023, Kaiser Aluminum Corporation (the "Company") appointed Vijai Narayan as the Company's Vice President and Chief Accounting Officer, succeeding Jennifer Huey following her decision not to relocate to the Company’s new headquarters in Franklin, Tennessee.
Mr. Narayan joined the Company in November 2022 as Vice President - Finance. Mr. Narayan previously served as Vice President Finance and Controller of eviCore Healthcare from April 2020 to November 2022 and as a Partner of Ernst & Young LLP in the Financial Accounting Advisory Services practice from October 2015 to January 2020. Ms. Huey will continue to assist Mr. Narayan through the transition.
A copy of the press release announcing Mr. Narayan's appointment is attached hereto as Exhibit 99.1
Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 7, 2023, the Company held its 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”). Below are the matters that were voted upon at the 2023 Annual Meeting and the final voting results as reported by our inspector of elections.
Nominee Name |
Votes For |
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Votes Withheld |
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Broker Non-Votes |
Jack A. Hockema |
13,584,192 |
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1,391,883 |
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349,411 |
Lauralee E. Martin |
14,656,990 |
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319,084 |
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349,411 |
Brett E. Wilcox |
13,484,840 |
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1,491,235 |
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349,411 |
Kevin W. Williams |
14,816,269 |
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159,806 |
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349,411 |
The other directors with terms continuing after the 2023 Annual Meeting are Michael C. Arnold, David A. Foster, Richard P. Grimley, Keith A. Harvey, Alfred E. Osborne, Jr., Teresa M. Sebastian, and Donald J. Stebbins.
For |
Against |
Abstain |
Broker Non-Votes |
14,728,752 |
241,798 |
5,524 |
349,411 |
The number of shares voting “for” constituted 98.4% of the total number of shares represented and entitled to vote at the meeting and actually voted on the proposal.
1 Year |
2 Years |
3 Years |
Abstain |
Broker Non-Vote |
14,174,811 |
7,727 |
786,480 |
7,056 |
349,411 |
For |
Against |
Abstain |
15,117,194 |
206,722 |
1,569 |
The number of shares voting “for” constituted 98.6% of the total number of shares represented and entitled to vote at the meeting and actually voted on the proposal.
Item 9.01. Financial Statements and Exhibits.
Exhibit Number |
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Description |
99.1 |
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104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
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.
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KAISER ALUMINUM CORPORATION |
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Date: |
June 7, 2023 |
By: |
/s/ Cherrie I. Tsai |
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Cherrie I. Tsai |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Kaiser Aluminum Corporation Announces New Chief Accounting Officer
FRANKLIN, Tenn., June 7, 2023 – Kaiser Aluminum Corporation (NASDAQ: KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced the appointment of Vijai Narayan to Vice President and Chief Accounting Officer, effective June 7, 2023, in connection with the Company’s recent relocation of its corporate headquarters to Franklin, TN. Mr. Narayan previously served as the Company’s Vice President – Finance since November 2022. As part of the planned transition, Jennifer Huey, the Company’s immediate past Vice President and Chief Accounting Officer, stepped down from her position and will continue to assist Mr. Narayan through the transition.
Mr. Narayan brings more than 20 years of accounting experience across multiple industries including glass and plastics manufacturing, automotive and real estate. Prior to joining the Company, Mr. Narayan served as Vice President Finance of a top 15 Fortune 500 health care and insurance company.
“Vijai has been an integral part of our Corporate accounting team and headquarters transition since joining the Company last year,” said Neal West, Executive Vice President and Chief Financial Officer of the Company. “His extensive accounting and auditing experience and deep knowledge of our business will be invaluable in his new role.”
Mr. West continued, “Jennifer’s leadership, guidance and commitment to excellence over her nine-year tenure with the Company has been instrumental and played a vital role in our accounting management and financial reporting functions while maintaining the highest standards of financial integrity and compliance. We respect Jennifer’s decision not to relocate and are deeply grateful for her professionalism and commitment to ensuring a smooth transition with Vijai.”
About Kaiser Aluminum Corporation
Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications. The Company’s North American facilities produce value-added plate, sheet, coil, extrusions, rod, bar, tube, and wire products, adhering to traditions of quality, innovation, and service that have been key components of the culture since the Company was founded in 1946.
The Company’s stock is included in the Russell 2000® index and the S&P Small Cap 600® index.
Available Information
For more information, please visit the Company’s web site at www.kaiseraluminum.com. The web site includes a section for investor relations under which the Company provides notifications of news or announcements regarding its financial performance, including Securities and Exchange Commission (SEC) filings, investor events, and earnings and other press releases. In addition, all Company filings submitted to the SEC are available through a link to the section of the SEC’s web site at www.sec.gov which includes: Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and Proxy Statements for the Company’s annual stockholders’ meetings and other information statements as filed with the SEC. In addition, the Company provides a webcast of its quarterly earnings calls and certain events in which management participates or hosts with members of the investment community.
Contact:
Addo Investor Relations
Investors@KaiserAluminum.com
949-614-1769