AI English summary of an SEC filing — figures as filed
Howmet Aerospace HWMHowmet said Ken Giacobbe, Executive Vice President and Chief Financial Officer, has decided to retire on December 31, 2025 after 21 years of service and in turning 60. From December 1, 2025 to December 31, he will serve as special advisor to John Plant.
Key points
AI summaryHowmet said Ken Giacobbe, Executive Vice President and Chief Financial Officer, has decided to retire on December 31, 2025 after 21 years of service and in turning 60. From December 1, 2025 to December 31, he will serve as special advisor to John Plant.
The company said Patrick Winterlich will join Howmet as Executive Vice President and Chief Financial Officer effective December 1, 2025. He most recently was Executive Vice President and Chief Financial Officer at Hexcel Corporation, where he joined in 1998 and assumed his current role in 2017.
Howmet said Winterlich's annual base salary will be $700,000, with an annual opportunity for variable cash incentive compensation of 100% of base salary if targets are met, an annual equity award with a target of $2,000,000, and a sign-on cash bonus of $800,000.
The company said if Winterlich is involuntarily terminated without cause within 5 years of his date of hire, any outstanding unvested annual equity awards will not be forfeited but will continue to vest on the original vesting schedule. He has also entered into a confidentiality, non-competition and non-solicitation agreement with non-competition and employee and customer non-solicitation covenants that apply during employment and for 1 year following termination of employment for any reason.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
CFO Ken Giacobbe to Retire on December 31
Howmet said Ken Giacobbe, Executive Vice President and Chief Financial Officer, has decided to retire on December 31, 2025 after 21 years of service and in turning 60. From December 1, 2025 to December 31, he will serve as special advisor to John Plant.
Source · Based on the filing body and exhibits
Patrick Winterlich Joins as CFO Effective December 1
The company said Patrick Winterlich will join Howmet as Executive Vice President and Chief Financial Officer effective December 1, 2025. He most recently was Executive Vice President and Chief Financial Officer at Hexcel Corporation, where he joined in 1998 and assumed his current role in 2017.
Source · Based on the filing body and exhibits
Winterlich Compensation Terms
Howmet said Winterlich's annual base salary will be $700,000, with an annual opportunity for variable cash incentive compensation of 100% of base salary if targets are met, an annual equity award with a target of $2,000,000, and a sign-on cash bonus of $800,000.
Source · Based on the filing body and exhibits
Winterlich Severance and Non-Compete Provisions
The company said if Winterlich is involuntarily terminated without cause within 5 years of his date of hire, any outstanding unvested annual equity awards will not be forfeited but will continue to vest on the original vesting schedule. He has also entered into a confidentiality, non-competition and non-solicitation agreement with non-competition and employee and customer non-solicitation covenants that apply during employment and for 1 year following termination of employment for any reason.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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