Short answer
KAISER ALUMINUM CORP (KALU) filed an 8-K current report with the SEC on August 17, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). CEO succession effective November 1, 2026: Fred Stephan replaces Keith Harvey, adding operating leadership experience across 200+ sites and 35+ countries.
KAISER ALUMINUM CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO succession effective November 1, 2026: Fred Stephan replaces Keith Harvey, adding operating leadership experience across 200+ sites and 35+ countries
- Board expands from nine to ten directors, with Stephan joining as a Class III director through the 2027 annual meeting
- Stephan compensation targets: $1.15M salary, $1.44M annual incentive, $4.43M long-term incentive, plus $5.767M initial equity grants
- CEO severance multiple amended to 2.0x outside a change in control and 2.5x following qualifying change-in-control termination
- Harvey becomes Executive Chairman through October 31, 2027, retaining compensation, incentive awards and transition-support responsibilities
Item 7.01 · Regulation FD Disclosure
- Leadership transition announced August 17, 2026
- Press release provides the substantive transition details and is incorporated by reference
Item EX-99.1 · Exhibit EX-99.1
- Fred Stephan appointed President and CEO effective November 1, 2026, succeeding Keith Harvey
- Harvey becomes Executive Chairman and special advisor through October 31, 2027, preserving leadership continuity
- Stephan joins Kaiser Aluminum’s Board and brings experience overseeing 200-plus sites across 35-plus countries at Amcor
- Planned succession signals governance continuity, while execution under new leadership remains the key investor focus
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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