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) January 24, 2007
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Allegheny Technologies Incorporated
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(Exact name of registrant as specified in its charter)
Delaware 1-12001 25-1792394
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1000 Six PPG Place, Pittsburgh, Pennsylvania 15222-5479
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 394-2800
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N/A
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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:
|_| 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))
Item 2.02. Results of Operations and Financial Condition.
On January 24, 2007, Allegheny Technologies Incorporated issued a
press release with respect to its fourth quarter 2006 and full-year 2006
financial results. A copy of this press release is attached as Exhibit 99.1 and
is being furnished, not filed, under Item 2.02 of this Form 8-K.
Item 5.02. Departure of Directors or Principal Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(e) In accordance with the Company's Annual Incentive Plan for 2006, a cash
payment to each of the executive officers named below was authorized as a result
of a number of key financial and other targets established under the Plan having
been substantially exceeded. In addition, in light of the 2006 performance of
those executive officers, which included their respective contributions to the
Company substantially outperforming the pre-set business plan goals for income
before taxes and cash flow in 2006, as well as their respective roles in the
implementation of operating and strategic measures deemed critical to future
growth of the Company, additional discretionary cash payments to those officers
in the following amounts were authorized:
L. Patrick Hassey, Chairman, President and Chief Executive Officer $1,337,584
Richard J. Harshman, Executive Vice President and Chief
Financial Officer $130,912
Douglas A. Kittenbrink, Executive Vice President, ATI Business
Systems and Group President, Engineered Products Segment $130,912
Jack W. Shilling, Executive Vice President, Corporate Development
and Chief Technical Officer $130,912
Jon D. Walton, Executive Vice President, Human Resources, Chief Legal
and Compliance Officer, General Counsel, and Corporate Secretary $130,912
Other payments under the Annual Incentive Plan for 2006 were also approved,
including discretionary bonus payments for certain other participants in the
Plan.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit 99.1 Press release dated January 24, 2007.
SIGNATURE
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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.
ALLEGHENY TECHNOLOGIES INCORPORATED
By: /s/ Jon D. Walton
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Jon D. Walton
Executive Vice President, Human
Resources, Chief Legal and Compliance
Officer
Dated: January 24, 2007
EXHIBIT INDEX
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Exhibit No. Description
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Exhibit 99.1 Press release dated January 24, 2007.