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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): April 22,
2020

__________________

 

HOWMET AEROSPACE INC.

(Exact name of registrant as specified in its charter)

 __________________

 

Delaware

1-361025-0317820

(State of Incorporation)

(Commission File Number)

(IRS Employer


                                         Identification No.)

 

201 Isabella Street, Suite 200

Pittsburgh, Pennsylvania15212-5872

(Address of Principal

Executive Offices)

(Zip Code)

 

Office of Investor Relations (412) 553-1950

Office of the
Secretary (412) 553-1940

(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:

 

¨
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))
 
  
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
 
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.	¨
 
 
 
  
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to
Section 12(b) of the Act:
 
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $1.00 per shareHWMNew York Stock Exchange
$3.75 Cumulative Preferred Stock, par value $100 per shareHWM PRNYSE American
 
Howmet Aerospace
Inc. (the “Company” or “Howmet Aerospace”) is providing the disclosure below and supplementing the risk
factors contained in Item 1A of its Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the Securities
and Exchange Commission on February 27, 2020, with the following risk factors, which the Company has included in a preliminary
prospectus supplement concurrently filed on April 22, 2020 in connection with a proposed offering of notes. The information
in this report on Form 8-K should be read in conjunction with the risk factors described in the Form 10-K and the information under
“Forward-Looking Statements” in the Form 10-K.
 
The following
supplemental disclosure was included in the Prospectus Supplement.
 
Howmet Aerospace
derives a significant portion of its revenue from products sold to the aerospace end-market, including 71% of our Engineered Products
and Forgings reportable segment. As a result of COVID-19 and its impact on the aerospace industry to-date, the possibility exists
that there could be a sustained impact to our operations and our financial results. As previously disclosed, certain original equipment
manufacturer (“OEM”) customers have suspended manufacturing operations in North America and Europe on a temporary basis.
These suspensions, the duration of which is uncertain, are impacting operations at certain of our facilities resulting in the temporary
closure of a small number of manufacturing facilities. As a result, the Company is taking a series of actions to address the financial
impact, including announcing certain headcount reductions and reducing certain cash outflows, by suspending our dividend and reducing
the levels of our capital expenditures to preserve cash and maintain liquidity.
 
Although the Company
is currently unable to reasonably estimate the impact of COVID-19 on its 2020 outlook, we expect this situation to have an adverse
impact on our 2020 financial performance and have withdrawn the 2020 guidance and assumptions that we provided in February 2020.
For additional information regarding the risks of COVID-19 on our business, see the section entitled “Risk Factors—Risks
Related to Our Business—Our business, results of operations, financial condition and/or cash flows could be materially adversely
affected by the effects of widespread public health epidemics/pandemics, including COVID-19, that are beyond our control.”
 
The following
risk factors were included in the Prospectus Supplement.
 
Our business, results
of operations, financial condition and/or cash flows could be materially adversely affected by the effects of widespread public
health epidemics/pandemics, including COVID-19, that are beyond our control.
 
Any outbreaks of
contagious diseases, public health epidemics or pandemics and other adverse public health developments in countries where we, our
employees, customers and suppliers operate
© Edgar Online, source Glimpses
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                                            © Acquiremedia - 2020
                                                

                        Latest news about Arconic Corporation                    
Item 8.01.Other Events
    

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                            Arconic Corporation(NYSE:ARNC) dropped from S&P Composite 1500

                        
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                            Arconic Corporation Enters into an Indenture (the 2031 Notes Indenture)

                        
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                            Arconic Corporation's Equity Buyback announced on November 16, 2022, has expired.

                        
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                            Funds managed by affiliates of Apollo Global Management, Inc. and funds managed by affiliates of Irenic Capital Management acquired Arconic Corporation from a group of shareholders.

                        
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                    Chart Arconic Corporation                
Chart Arconic Corporation

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                    Company Profile
                

        Arconic Corporation providers aluminum sheet, plate and extrusions, as well as architectural products. It has three segments. Rolled Products segment produces a range of aluminum sheet and plate products for the various end markets, including ground transportation, aerospace, industrial, building and construction, and packaging. Building and Construction Systems segment manufactures differentiated products and building envelope solutions, including entrances, curtain walls, windows, composite panel and coil coated sheet. The segment is focused on two product lines: architectural systems, which carry the Kawneer brand, and architectural products, which carry the Reynobond and Reynolux brands. Extrusions segment produces a range of extruded products, including automotive shapes, such as driveshafts, anti-lock brake housings, and turbo chargers; aerospace shapes, including wing stringers, floor beams, fuselage, cargo; seamless tube; hollows; mortar fins; and high strength rod and bar.
    
Sector

                Aluminum
            
Calendar

            2024-04-30
            
                                                 - Q1 2024 Earnings Release (Projected)
            

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  4. News Arconic Corporation
  5. HOWMET AEROSPACE INC. :  Other Events (form 8-K)
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