Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On March 7, 2024, ATI Inc. (the “Company”) announced that it has appointed Michael B. Miller to serve as Vice President, Corporate Controller and Chief Accounting Officer.
Mr. Miller, age 48, most recently was Chief Accounting Officer of Digital Turbine, Inc., a technology company focused on solutions for the advertising space, from August 2021 to February 2024. Prior to that, he served as Vice President and Corporate Controller of CyrusOne, Inc., a publicly traded real estate investment trust, where he oversaw accounting, consolidation and internal control activities. From 2009 to 2017, Mr. Miller served in various accounting positions with L3 Technologies, an aerospace and electronics systems company, including as Aerospace Systems Segment Vice President and Controller from 2015 to 2017 and Assistant Corporate Controller from 2009 to 2014. Mr. Miller also previously served as a senior audit manager for both PricewaterhouseCoopers, LLP and KPMG, LLP. Mr. Miller is a certified public accountant. He received his BBA in Accounting and Finance from the University of Cincinnati in 1998.
Mr. Miller will have an annual base salary of $330,000, and a target award opportunity under the Company’s Annual Performance Plan equal to 50% of his base salary. Additionally, (a) he will receive a $150,000 signing bonus payable March 31, 2024, (b) was granted a one-time equity award under the Company’s Long-Term Incentive Plan with a grant-date value of $250,000 that is scheduled to vest in equal annual increments on each of the first three anniversaries of the grant date, and (c) will be eligible to participate in the Company’s other benefit programs. In 2025, he will be entitled to receive an annual equity award under the Company’s Long-Term Incentive Plan with a grant-date target value equal to 50% of his annual base salary, which will be comprised 60% of time-vested restricted stock units, consistent with the Company’s current executive compensation programs,