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Alcoa Fastening Systems & Rings
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Alcoa Fastening Systems & Rings | August 24, 2016
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it has named Kate Hargrove Ramundo Executive Vice President, Chief Legal Officer and Corporate Secretary of the future Arconic Inc., a role which will take effect upon the Company’s separation later this year. Ramundo will succeed Audrey Strauss, Alcoa Executive Vice President, Chief Legal Officer and Corporate Secretary, who plans to retire at the completion of Alcoa’s separation....
Alcoa Fastening Systems & Rings | July 27, 2016
NEW YORK--(BUSINESS WIRE)--Alcoa Inc. (NYSE:AA) announced today that it plans to undertake a reverse stock split of Alcoa’s common stock at a ratio of 1 for 3 and a proportionate reduction in the number of authorized shares of its common stock. The reverse stock split will reduce the number of Alcoa shares of common stock outstanding and is expected to increase the per share trading price of the common stock, which may improve liquidity and facilitate its trading....
Alcoa Fastening Systems & Rings | July 22, 2016
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Alcoa (NYSE:AA) today declared (a) a quarterly common stock dividend of 3 cents per share payable August 25, 2016 to holders of record of the common stock at the close of business on August 5, 2016; (b) a dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock (“Class A Stock”) payable October 1, 2016 to holders of record of the Class A Stock at the close of business on September 9, 2016; and (c) a dividend of $6.71875 pe...
Alcoa Fastening Systems & Rings | July 11, 2016
2Q 2016 Consolidated Highlights:Net income of $135 million, or $0.09 per share;excluding special items, adjusted net income of $213 million, or $0.15 per share.Revenue of $5.3 billion, down 10 percent year-over-year, reflects:4 percent revenue increase from recent acquisitions and organic growth, more than offset by a 14 percent revenue decline due primarily to lower aluminum and alumina pricing and the impact of curtailed, divested and closed operationsAnnounced sales of non-essential assets ex...
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