8-K 1 d8k.htm FORM 8-K Form 8-K

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): January 18, 2007

 


ALCOA INC.

(Exact name of Registrant as specified in its charter)

 


 

Pennsylvania   1-3610   25-0317820

(State or Other Jurisdiction

of Incorporation)

  (Commission File Number)  

(I.R.S. Employer

Identification Number)

 

390 Park Avenue, New York, New York   10022-4608
(Address of Principal Executive Offices)   (Zip Code)

Office of Investor Relations 212-836-2674

  Office of the Secretary       412-553-4707

(Registrant’s telephone number, including area code)

 


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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Annual Cash Incentive Awards. At its regular meeting on January 18-19, 2007, the Compensation and Benefits Committee of the Board of Directors of Alcoa Inc. (“Alcoa”) approved annual cash incentive awards for 2006 payable to Alcoa officers. The awards approved for the principal executive officer, the principal financial officer, and the executive officers named in Alcoa’s proxy statement dated February 17, 2006 (collectively, the “Applicable Officers”) were as follows:

 

Name and Principal Position

  

Annual Cash Incentive

Award for 2006

Alain J. P. Belda

Chairman of the Board and Chief Executive Officer

   $ 2,400,000

Charles D. McLane, Jr.

Vice President and Chief Financial Officer

   $ 375,000

Ricardo E. Belda

Retired September 1, 2006

   $ 350,000

Bernt Reitan

Executive Vice President and Group President,

Global Primary Products

   $ 700,000

Paul D. Thomas

Executive Vice President and Group President,

Alcoa Packaging and Consumer Products

   $ 625,000

Base Salaries. On January 18-19, 2007, the Compensation and Benefits Committee also approved increases, effective January 1, 2007, to the annual base salaries of the following Applicable Officers, after a review of performance and competitive market data:

 

Name

   Year    Base Salary

Alain J. P. Belda

   2007
2006
   $
 
1,430,000
1,375,000

Charles D. McLane, Jr.

   2007
2006
    
 
525,000
360,000

Bernt Reitan

   2007
2006
    
 
625,000
550,000

Paul D. Thomas

   2007
2006
    
 
580,000
550,000

Alcoa will provide additional information regarding the compensation of executive officers in its proxy statement for the 2007 annual meeting of shareholders.

 

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Item 8.01 Other Events.

On January 19, 2007, Alcoa issued a press release announcing certain actions taken by its Board of Directors at its meeting on January 19, 2007. A copy of the press release is attached hereto as Exhibit 99 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following is filed as an exhibit to this report:

99    Alcoa Inc. press release dated January 19, 2007.

 

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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.

 

ALCOA INC.
By:  

/s/ Lawrence R. Purtell

Name:   Lawrence R. Purtell
Title:   Executive Vice President and General Counsel

Date: January 19, 2007

 

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EXHIBIT INDEX

 

Exhibit No.

  

Description

99    Alcoa Inc. press release dated January 19, 2007.

 

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