# EDGAR Filing Document

**Accession Number:** 0000858655
**File Stem:** 0001104659-23-031915
**Filing Date:** 2023-3
**Character Count:** 11865
**Document Hash:** e1fb041835df8857bc40bd6944ead7fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-031915.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001104659-23-031915

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230309

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HAYNES INTERNATIONAL INC
- **CENTRAL INDEX KEY:** 0000858655
- **STANDARD INDUSTRIAL CLASSIFICATION:** STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
- **IRS NUMBER:** 061185400
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33288
- **FILM NUMBER:** 23728865

**BUSINESS ADDRESS:**
- **STREET 1:** 1020 WEST PARK AVE
- **STREET 2:** PO BOX 9013
- **CITY:** KOKOMO
- **STATE:** IN
- **ZIP:** 46904
- **BUSINESS PHONE:** 3174566005

**MAIL ADDRESS:**
- **STREET 1:** 1020 WEST PARK AVE
- **CITY:** KOKOMO
- **STATE:** IN
- **ZIP:** 46904-9013

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **March 9, 2023**

**HAYNES INTERNATIONAL, INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-33288** | **06-1185400** |
| (State or other jurisdiction of<br> incorporation or organization) | (Commission File<br> Number) | (I.R.S. Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **1020 West Park Avenue**<br> **Kokomo, Indiana** | **46904-9013** |
| (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(765) 456-6000**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| Tile of each class | Trading Symbol | Name of each exchange on which registered |
| **Common Stock, par value $0.001 per share** | "**HAYN**" | **The NASDAQ Stock Market LLC** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On March 9, 2023, the Board of Directors (the "Board") of Haynes International, Inc. (the "Company") appointed Alicia Masse and Brian Shelton as directors of the Company.

Ms. Masse will serve as a member of the Company's Audit Committee and its Corporate Governance and Nominating Committee. Ms. Masse will hold office until the 2024 annual meeting of shareholders and until her successor is elected and qualified.

Mr. Shelton will serve as a member of the Company's Audit Committee and its Compensation Committee. Mr. Shelton will hold office until the 2024 annual meeting of shareholders and until his successor is elected and qualified.

Ms. Masse and Mr. Shelton will receive compensation as non-employee directors in accordance with the Company's non-employee director compensation practices described in the Company's Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on January 27, 2023. This compensation generally consists of an annual cash retainer of $70,000, annual cash fees for serving as a member of a Board committee ($10,000 for the Audit Committee, $7,500 for the Compensation Committee and $5,000 for the Corporate Governance and Nominating Committee), reimbursement of relevant expenses and an annual award of restricted stock in the amount of $115,000, which vests in full on the earlier of (i) the first anniversary of the grant date, or (ii) the failure of the director to be re-elected at an annual meeting of the stockholders of the Company as a result of the director being excluded from the nominations for any reason other than "cause" as defined in the applicable incentive compensation plan. In connection with their election as directors, each of Ms. Masse and Mr. Shelton received an award of 1,400 shares of restricted stock under the Company's incentive compensation plan. The shares will vest on March 13, 2024.

The Company is unaware of any arrangements or understandings between either Ms. Masse or Mr. Shelton and any other person pursuant to which they were selected as directors of the Company, and they have no direct or indirect material interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

**Item 7.01 Regulation FD Disclosure**

On March 13, 2023, the Company issued a press release announcing the appointment of Ms. Masse and Mr. Shelton to the Board of Directors, a copy of which is furnished as Exhibit 99.1 hereto. The information in the press release shall not be deemed to be incorporated by reference in

**Item 9.01 Financial Statements and Exhibits**

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| | | |
|:---|:---|:---|
| (d) | *Exhibits* |  |
|  | Exhibit Number | Description |
|  | [99.1](tm239493d1_ex99-1.htm) | [Press release, dated March 13, 2022](tm239493d1_ex99-1.htm) |
|  | 104 | Cover Page Interactive Date File (embedded within the Inline XBRL document). |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | Haynes International, Inc. | Haynes International, Inc. |
| Date: March 13, 2023 | By: | /s/ Daniel W. Maudlin |
|  |  | Daniel W. Maudlin |
|  |  | Vice President — Finance, CFO |

---

## Exhibit 99.1

**Exhibit 99.1**

![](tm239493d1_ex99-1img002.jpg)

**<u>NEWS RELEASE</u>**

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| | | |
|:---|:---|:---|
| FOR IMMEDIATE RELEASE | Contact: | Daniel W. Maudlin |
|  |  | Vice President - Chief Financial Officer |
|  |  | Haynes International, Inc. |
|  |  | 765-456-6102 |

---

**<u> </u>**

**<u>HAYNES INTERNATIONAL, INC. ANNOUNCES</u>** **<u><br> ELECTION OF NEW MEMBERS TO ITS BOARD OF DIRECTORS</u>**

KOKOMO, IN, March 13, 2023 – Haynes International, Inc. (NASDAQ GM: HAYN), a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, announced today that, effective as of March 9, 2023, the Board of Directors of the Company voted to elect Alicia Masse and Brian Shelton as new members of the Board of Directors.

Alicia Masse has served as a Senior Managing Director at B. Riley Advisory Services since 2020. Prior to joining B. Riley, Ms. Masse was the Managing Director and founder of Alderney Advisors, an advisory firm providing financial and strategic solutions for clients primarily in the automotive and logistics industries. Prior to founding Alderney, Ms. Masse served in Senior Client Advisory roles at Ernst and Young and Arthur Andersen. Ms. Masse earned her Bachelor's degree from Florida Atlantic University and her MBA in finance from the University of Michigan.

Brian Shelton recently retired after 17 years from Jacobs Engineering and previously CH2M Hill, which Jacobs acquired in 2017. Mr. Shelton was the Senior Vice President – Finance, for Jacobs Engineering as well as the Chief Financial Officer of Jacob's Critical Mission Solutions business unit. Prior to CH2M Hill, Mr. Shelton served as CFO of American Civil Constructors, and held various positions in the investment banking industry. Mr. Shelton earned his Bachelor of Finance from Arizona State University and his Masters in Finance from the London Business School. Mr. Shelton also served in Special Forces for the United States Marine Corps.

**<u>About Haynes International</u>**

Haynes International, Inc. is a leading developer, manufacturer and marketer of technologically advanced, nickel and cobalt-based high-performance alloys, primarily for use in the aerospace, industrial gas turbine and chemical processing industries.

**<u>Cautionary Note Regarding Forward-Looking Statements</u>**

*This press release contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. All statements other than statements of historical fact, including statements regarding market and industry trends and prospects and future results of operations or financial position, made in this press release are forward-looking. In many cases, you can identify forward-looking statements by terminology, such as "may", "should", "expects", "intends", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. The forward-looking information may include, among other information, statements concerning the Company's guidance and outlook for fiscal 2023 and beyond, overall volume and pricing trends, cost reduction strategies and their anticipated impact on our results, gross margin and gross margin trends, capital expenditures, demand for our products and operations and dividends. There may also be other statements of expectations, beliefs, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of various factors, many of which are beyond the Company's control.* 

 

*The Company has based these forward-looking statements on its current expectations and projections about future events. Although the Company believes that the assumptions on which the forward-looking statements contained herein are based are reasonable, any of those assumptions could prove to be inaccurate. As a result, the forward-looking statements based upon those assumptions also could be incorrect. Risks and uncertainties may affect the accuracy of forward-looking statements. Some, but not all, of these risks are described in Item 1A. of Part 1 of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2022.* 

 

 

 

*The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.*

![](tm239493d1_ex99-1img003.jpg)