SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2018 (October 1, 2018)
(Exact name of registrant as specified in its charter)
|(State or other Jurisdiction||(Commission File Number)||(IRS Employer|
|of Incorporation)||Identification No.)|
390 Park Avenue, New York, New York
|(Address of Principal Executive Offices)||(Zip Code)|
Office of Investor Relations 212-836-2758
Office of the Secretary 212-836-2732
(Registrant’s telephone number, including area code)
(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:
|o||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|o||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|o||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|o||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
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 o
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. o
|Item 7.01||Regulation FD Disclosure.|
Beginning on October 1, 2018, the 2017 Arconic Sustainability Report, which details Arconic Inc.’s (“Arconic” or the “Company”) global environmental and social performance, will be available online in the Sustainability Reports section of Arconic’s website at http://www.arconic.com/global/en/who-we-are/sustainability-report.asp.
In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. In addition, the furnishing of this Item 7.01 of Form 8-K will not be deemed an admission that the 2017 Arconic Sustainability Report includes material information that is not otherwise publicly available.
|Item 8.01||Other Events.|
On October 1, 2018, Arconic announced that it has reached an agreement to sell its Texarkana, Texas rolling mill to Ta Chen International, Inc., a U.S. subsidiary of aluminum and stainless steel distributor Ta Chen Stainless Pipe Co., Ltd. Under the terms of the transaction, Arconic will sell Texarkana for approximately $300 million in cash, plus additional contingent consideration of up to $50 million. The transaction is expected to close in the fourth quarter of 2018, subject to receipt of certain regulatory approvals and other customary closing conditions. The Company expects to record a gain on the sale.
This Current Report on Form 8-K contains statements that relate
to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "anticipates," "believes,"
"could," "estimates," "expects," "forecasts," "goal," "guidance," "intends,"
"may," "outlook," "plans," "projects," "seeks," "sees," "should,"
"targets," "will," "would," or other words of similar meaning. All statements that reflect Arconic’s
expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements,
including, without limitation, statements regarding the completion of the Texarkana sale and the expected financial impact of the
sale. These statements reflect beliefs and assumptions that are based on Arconic’s perception of historical trends, current
conditions and expected future developments, as well as other factors Arconic believes are appropriate in the circumstances. Forward-looking
statements are not guarantees of future performance and are subject to risks, uncertainties and changes in circumstances that are
difficult to predict, which could cause actual results to differ materially from those indicated by these statements. Such risks
and uncertainties include, but are not limited to: (a) deterioration in global economic and financial market conditions generally;
(b) failure or delays in the receipt or satisfaction of, or unacceptable or burdensome conditions imposed in connection with, all
required regulatory approvals and the other closing conditions to the transaction; (c) unfavorable changes in the markets served
by Arconic; (d) Arconic’s inability to realize expected benefits, in each case as planned and by targeted completion dates,
from acquisitions, divestitures, facility closures, curtailments, expansions, or joint ventures; and (e) the other risk factors
summarized in Arconic’s Form 10-K for the year ended December 31, 2017 and other reports filed with the U.S. Securities and
Exchange Commission. Arconic disclaims any intention or obligation to update publicly any forward-looking statements, whether in
response to new information, future events, or otherwise, except as required by applicable law.
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.
|Dated: October 1, 2018||By:||/s/ Katherine H. Ramundo|
|Name:||Katherine H. Ramundo|
|Title:||Executive Vice President, Chief Legal Officer