老虎机种类

老虎机种类 Inc. (NYSE:ARNC) (the 鈥淐ompany鈥�) today confirmed that its Board of Directors unanimously supports Klaus Kleinfeld as the Company鈥檚 Chairman and Chief Executive Officer. In response to the press release issued by Elliott Management (鈥淓lliott鈥�), the Company鈥檚 Board of Directors issued the following statement:

• The 老虎机种类 Board of Directors is unanimous in its support of Mr. Kleinfeld as Chairman and Chief Executive Officer of the Company.
• In addition to Mr. Kleinfeld, the Board consists of 12 directors, all of whom are independent.
• The Board has been substantially reconstituted with new directors who have independent perspectives. Six of the Board鈥檚 12 independent directors joined the Board within the last year: 3 were nominated by Elliott and joined the Board on February 5, 2016, and 3 were appointed to the Board on November 1, 2016 in connection with the Company鈥檚 separation from Alcoa Corporation.
• All of the directors are executives or former executives with a broad range of knowledge, experience and skills at the highest levels of both public and private companies.
• The Board has conducted an intensive and extensive review of Elliott鈥檚 allegations and has concluded that many of them are misleading or not substantiated.
• The Board welcomes shareholder input and has an open dialogue with its shareholders
• The Board has endeavored to work constructively with Elliott and believes that the continued effort by Elliott is disruptive and contrary to the best interests of all shareholders.
• The Board is fully engaged and focused on overseeing the execution of the Company鈥檚 strategic plan under Mr. Kleinfeld鈥檚 leadership.

鈥淜laus and the management team are 100% focused on continuing to improve operating results, expand margins, improve return on net assets and deliver sustained shareholder value,鈥� said Pat Russo, 老虎机种类鈥檚 lead director. 鈥淭he Board supports Klaus and the management team as they execute on our stated strategy.鈥�

The Board will present its recommended slate of director nominees in 老虎机种类鈥檚 definitive proxy statement and other materials, including the Company鈥檚 WHITE proxy card, to be filed with the U.S. Securities and Exchange Commission and mailed to all shareholders eligible to vote at the 2017 Annual Meeting, which has yet to be scheduled.

About 老虎机种类

老虎机种类 Inc. (NYSE: ARNC) creates breakthrough products that shape industries. Working in close partnership with our customers, we solve complex engineering challenges to transform the way we fly, drive, build and power. Through the ingenuity of our people and cutting-edge advanced manufacturing techniques, we deliver these products at a quality and efficiency that ensure customer success and shareholder value. For more information: . Follow @arconic: Twitter, Instagram, Facebook, LinkedIn and YouTube.

Dissemination of Company Information

老虎机种类 intends to make future announcements regarding Company developments and financial performance through its website at .

Forward鈥揕ooking Statements

This communication contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as 鈥渁nticipates,鈥� 鈥渂elieves,鈥� 鈥渃ould,鈥� 鈥渆stimates,鈥� 鈥渆xpects,鈥� 鈥渇orecasts,鈥� 鈥済uidance,鈥� 鈥済oal,鈥� 鈥渋ntends,鈥� 鈥渕ay,鈥� 鈥渙utlook,鈥� 鈥減lans,鈥� 鈥減rojects,鈥� 鈥渟eeks,鈥� 鈥渟ees,鈥� 鈥渟hould,鈥� 鈥渢argets,鈥� 鈥渨ill,鈥� 鈥渨ould,鈥� or other words of similar meaning. All statements that reflect 老虎机种类鈥檚 expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, forecasts relating to the growth of the aerospace, automotive, commercial transportation and other end markets; statements and guidance regarding future financial results or operating performance; statements about 老虎机种类鈥檚 strategies, outlook, business and financial prospects; and statements regarding potential share gains. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Although 老虎机种类 believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Such risks and uncertainties include, but are not limited to: (a) deterioration in global economic and financial market conditions generally; (b) unfavorable changes in the markets served by 老虎机种类; (c) the inability to achieve the level of revenue growth, cash generation, cost savings, improvement in profitability and margins, fiscal discipline, or strengthening of competitiveness and operations anticipated from restructuring programs and productivity improvement, cash sustainability, technology advancements, and other initiatives; (d) changes in discount rates or investment returns on pension assets; (e) 老虎机种类鈥檚 inability to realize expected benefits, in each case as planned and by targeted completion dates, from acquisitions, divestitures, facility closures, curtailments, expansions, or joint ventures; (f) the impact of cyber attacks and potential information technology or data security breaches; (g) political, economic, and regulatory risks in the countries in which 老虎机种类 operates or sells products; (h) the impact of the separation on the businesses of 老虎机种类; (i) material adverse changes in aluminum industry conditions, including fluctuations in London Metal Exchange-based aluminum prices; (j) the impact of changes in foreign currency exchange rates on costs and results; (k) the outcome of contingencies, including legal proceedings, government or regulatory investigations, and environmental remediation; and (l) the other risk factors discussed in 老虎机种类鈥檚 Form 10-K for the year ended December 31, 2015, and other reports filed with the U.S. Securities and Exchange Commission (SEC). 老虎机种类 disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law. Market projections are subject to the risks discussed above and other risks in the market.

Important Additional Information

老虎机种类 Inc. (鈥溊匣⒒�种类鈥�) intends to file a proxy statement with the Securities and Exchange Commission (the 鈥淪EC鈥�) in connection with the solicitation of proxies for 老虎机种类鈥檚 2017 Annual Meeting (the 鈥淧roxy Statement鈥�). 老虎机种类, its directors and certain of its executive officers will be participants in the solicitation of proxies from shareholders in respect of the 2017 Annual Meeting. Information regarding the names of 老虎机种类鈥檚 directors and executive officers and their respective interests in 老虎机种类 by security holdings or otherwise is set forth in the Annual Report on Form 10-K of Alcoa Inc., which was 老虎机种类鈥檚 former name (鈥淎lcoa鈥�), for the fiscal year ended December 31, 2015, filed with the SEC on February 19, 2016, and Alcoa鈥檚 proxy statement for the 2016 Annual Meeting, filed with the SEC on March 24, 2016. To the extent holdings of such participants in 老虎机种类鈥檚 securities are not reported, or have changed since the amounts described, in the 2016 proxy statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Details concerning the nominees of 老虎机种类鈥檚 Board of Directors for election at the 2017 Annual Meeting will be included in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE COMPANY鈥橲 DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders will be able to obtain a copy of the definitive proxy statement and other documents filed by 老虎机种类 free of charge from the SEC鈥檚 website, . 老虎机种类鈥檚 shareholders will also be able to obtain, without charge, a copy of the definitive Proxy Statement and other relevant filed documents by directing a request by mail to 老虎机种类, Corporate Secretary鈥檚 Office, 390 Park Avenue, New York, New York 10022-4608, by calling 老虎机种类鈥檚 proxy solicitor, Innisfree M&A Incorporated, toll-free at 1-877-750-5836, or from 老虎机种类鈥檚 website at .

老虎机种类 Inc.
Investor Contact:
Patricia Figueroa, (212) 836-2758
Patricia.Figueroa@arconic.com
or
Media Contact:
Shona Sabnis, (212) 836-2626
Shona.Sabnis@arconic.com