Alcoa Corporation Takes Additional Actions on U.S. Pension and Other Postemployment Benefit Obligations
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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US:NYSE Investor Relations:
investors.alcoa.com
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Source: Business Wire
Actions align with Alcoa Corporation’s strategic priority to strengthen balance sheet PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, announced today the signing of a group annuity contract to transfer assets and related obligations of defined benefit pension plans for certain U.S. retirees and beneficiaries. The Company also has made a discretionary contribution of $100 million to further fund its U.S. defined benefit pension plans. Both the annuitization and the discretionary payment reduce the risk to the Company associated with the volatility of its pension obligations and align with Alcoa’s strategic priority to strengthen the balance sheet. As part of the annuity contract, approximately $290 million in obligations and related assets will be transferred later this month to Athene Annuity and Life Com
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Earnings
- 4/17/24 - Miss
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Sec Filings
- 5/2/24 - Form 10-Q
- 4/30/24 - Form DEFA14A
- 4/24/24 - Form DEFA14A
- AA's page on the SEC website