# EDGAR Filing Document

**Accession Number:** 0001018963
**File Stem:** 0001193125-25-310681
**Filing Date:** 2025-12
**Character Count:** 69029
**Document Hash:** e8569030ad7c7b00ab90a3939c0d0932
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-310681.hdr.sgml**: 20251208

**ACCESSION NUMBER**: 0001193125-25-310681

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251204

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251208

**DATE AS OF CHANGE**: 20251208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ATI INC
- **CENTRAL INDEX KEY:** 0001018963
- **STANDARD INDUSTRIAL CLASSIFICATION:** STEEL PIPE & TUBES [3317]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 251792394
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12001
- **FILM NUMBER:** 251554753

**BUSINESS ADDRESS:**
- **STREET 1:** 2021 MCKINNEY AVENUE
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 4123942800

**MAIL ADDRESS:**
- **STREET 1:** 2021 MCKINNEY AVENUE
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLEGHENY TECHNOLOGIES INC
- **DATE OF NAME CHANGE:** 19991213

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLEGHENY TELEDYNE INC
- **DATE OF NAME CHANGE:** 19960716

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, DC 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): December 8, 2025 (December 4, 2025)

## ATI Inc.

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-12001** | **25-1792394** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **2021 McKinney Avenue, Dallas, Texas** | **75201** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code (412) 394-2800

#### N/A

#### (Former name or former address, if changed since last report).
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 (*see* General Instruction A.2. below):

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| Common Stock, par value $0.10 per share | ATI | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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.
(b) On December 4, 2025, the Board of Directors (the "Board") of ATI Inc. (the "Company" or "ATI") appointed J. Robert Foster to serve as the Company's Senior Vice President, Finance and Chief Financial Officer, effective as of January 1, 2026, succeeding Donald P. Newman, the Company's current Executive Vice President, Finance and Chief Financial Officer. Mr. Newman will remain in his current role through December 31, 2025 and will serve as Strategic Advisor to the CEO beginning January 1, 2026. As previously announced, Mr. Newman will retire on March 1, 2026 and serve in an advisory capacity for a period of time thereafter.

Mr. Foster, age 45, has been Vice President, ATI Financial and Operating Strategies since July 2025, after serving as President of the Company's Specialty Alloys & Components business unit from August 2023 to July 2025. He was Vice President, Finance overseeing the finance function for both of the Company's segments from December 2019 to August 2023, following a series of other leadership roles at ATI from 2012 to 2019. Mr. Foster previously held senior finance roles at API Technologies Corp. and Spectrum Control Inc. and worked at Ernst & Young.

In his role as Senior Vice President, Finance and Chief Financial Officer, Mr. Foster's base annual salary will be $625,000, and he will have a 2026 target award opportunity under the Company's Annual Incentive Plan equal to 80% of his base salary. Additionally, he will be entitled to participate in the Company's Long-Term Incentive Plan, with a 2026 grant-date fair market value equal to 200% of his base salary, comprised 70% of performance-vested restricted stock units and 30% of time-vested restricted stock units, consistent with the Company's current executive compensation programs, and will continue to be eligible to participate in the Company's other benefit programs.

The Company issued a press release on December 8, 2025 regarding these matters. The press release is set forth in its entirety and attached as Exhibit 99.1 to this Form 8-K.

Additionally, on December 5, 2025, Tina K. Busch resigned as the Company's Chief Human Resources Officer. The Company will conduct a search for her successor.

(e) To assist in the transition of her role, Ms. Busch will provide certain consulting services to the Company as requested by the Company from time to time through January 2027, in exchange for which she will be entitled to certain consulting fees and other benefits as more fully described in the Consulting Agreement. The Consulting Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference, also contains provisions that restrict Ms. Busch from competing against the Company or soliciting employees or customers of the Company through January 2028, together with other affirmative and negative covenants that are customary for agreements of this nature.

#### Item 9.01. Exhibit

---

| | | |
|:---|:---|:---|
| (d) | Exhibit 10.1 | [Consulting Agreement, dated December 5, 2025](d170992dex101.htm) |
|  | Exhibit 99.1 | [Press release dated December 8, 2025](d170992dex991.htm) |
|  | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

#### SIGNATURE
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.

---

| | |
|:---|:---|
| ATI Inc. | ATI Inc. |
| By: | /s/: Vaishali S. Bhatia |
|  | Vaishali S. Bhatia |
|  | Senior Vice President, General Counsel and Chief Compliance Officer |

---

Dated: December 8, 2025

## Exhibit 10.1

**Exhibit 10.1** 

**<u>CONSULTING AGREEMENT</u>**

This Consulting Agreement (as it subsequently may be amended from time to time, this "**<u>Agreement</u>**") is entered into upon the execution of both parties as of December 5, 2025 ("**<u>Effective Date</u>**") by and between Tina K. Busch ("**<u>Executive</u>**") and ATI Inc. (together with its affiliates, the "**<u>Company</u>**").

WHEREAS, Executive has advised the Company of her intent to resign, as of the Effective Date, from her position with the Company as Senior Vice President, Chief Human Resources Officer;

WHEREAS, the Company and Executive have agreed that, following the Effective Date, Executive will provide Services (as defined below) to the Company as an independent contractor, and the Company will compensate Executive for the provision of such Services, as described in, and subject in all respects to, the terms and conditions of this Agreement, such that Executive would not be deemed to have incurred a "Termination of Service" under the Company's 2022 Incentive Plan or 2020 Incentive Plan (together, the "**<u>Incentive Plans</u>**");

WHEREAS, in consideration therefor, Executive has agreed to the terms and conditions of this Agreement, including its provisions pertaining to confidentiality, noncompetition, non-solicitation and non-disparagement, and including the general release of claims contained herein and in the Release of Claims attached hereto as **<u>Appendix A</u>** (the "**<u>Release</u>**").

WHEREAS, subject to Executive's (a) execution, delivery and compliance with the terms and conditions of this Agreement, including but not limited to the release of claims included herein, and (b) execution and delivery, upon concluding the provision of Services under this Agreement on January 31, 2027, of the Release, and non-revocation of the same, the Company has agreed to enter into this Agreement with Executive.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which hereby is acknowledged, Executive and the Company hereby agree as follows:

**SECTION 1. <u>SERVICES</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As used in this Agreement, "**<u>Services</u>**" means consulting services as reasonably requested from time to time during the term of this Agreement, which shall be from the Effective Date until January 31, 2027 (the "**<u>Consulting Period</u>**") in accordance with the terms of this Agreement by the Company's Chief Executive Officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Executive shall devote the time necessary to perform the Services requested pursuant to the preceding paragraph (a) during the Consulting Period, <u>provided</u>, <u>however</u>, that in no event shall Executive be required to devote to the provision of Services under this Agreement more than 60 hours per calendar month during the Consulting Period (approximately one third-time basis). Executive shall perform the Services diligently and competently and in a professional manner.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The parties to this Agreement acknowledge that Executive's resignation on the Effective Date, for so long as this Agreement remains in effect and/or Executive continues to provide Services to the Company, should not be deemed to constitute a "separation from service" from the Company within the meaning of Treasury Regulation Section 1.409A-1(h) and for purposes of Section 409A of the Internal Revenue Code of 1986, as amended.

**SECTION 2. <u>COMMITMENTS DURING THE CONSULTING PERIOD</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the Consulting Period, Executive agrees to faithfully, diligently and competently perform the Services requested and to devote her best efforts to performance of such Services. Executive shall carry out such Services in a professional manner and shall comply with the Company's policies and procedures in the execution of the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to the terms and conditions of this Agreement, Executive's compliance with the same, and her execution, delivery and non-revocation of the Release on January 31, 2027:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **<u>Consulting Fee</u>**. The Company will pay Executive $10,000 per calendar month during the term of the Consulting Period, in each case on a regularly scheduled payroll date for the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) **<u>2025 Annual Performance Plan</u>**. Executive will be entitled to receive any award under the Company's 2025 Annual Performance Plan ("**<u>APP</u>**") that would otherwise be payable to Executive under the terms and conditions thereof had she remained employed by the Company through the regularly scheduled payment date for awards under the APP, provided that the amount thereof shall be prorated to the Effective Date but shall otherwise be payable in accordance with the Company's usual practices; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) **<u>Expense Reimbursement</u>**. The Company will reimburse Executive for all reasonable, pre-approved and documented travel and other expenses incurred by Executive in the performance of Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In consideration of the foregoing, Executive hereby waives any severance compensation or other severance benefits not identified in this Section 2 to which she might otherwise be entitled under the terms of the Company's Executive Severance Benefit Plan or any other current or future plan, program or policy created, maintained or adopted by the Company during the term of this Agreement or at any time in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For the sake of clarity, nothing in this Agreement is intended in any way to alter the terms and conditions of any issued and outstanding long-term equity award held by Executive as of the Effective Date, which awards have or shall vest and be paid, if at all, in accordance with the terms and conditions set forth in the award agreements governing such awards, it being acknowledged that the initial engagement of Executive's consulting Services will not constitute a Termination of Service, as defined for purposes of her 2023 and 2025 restricted stock unit and performance stock unit awards and 2022 Breakout Performance Award.

------

**SECTION 3. <u>TERM AND TERMINATION</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This Agreement shall extend from the Effective Date through and including January 31, 2027, unless earlier terminated pursuant to Section 3(b) below, <u>provided that</u>, (i) if Executive revokes the release of claims included in Section 9 below, Executive shall be deemed to have terminated the Agreement, and (ii) if Executive fails to execute and deliver the Release in the form attached hereto as **<u>Appendix A</u>** on January 31, 2027, or if Executive subsequently revokes such Release, this Agreement shall be deemed to have been terminated as of the Effective Date. For the avoidance of doubt, Executive hereby acknowledges and agrees that time is of the essence with respect to her execution, delivery and non-revocation of the Releases and the parties hereby acknowledge that any termination of this Agreement shall constitute Executive's Termination of Service as such term is defined in, and for purposes of, the Company's Incentive Plans and any awards granted pursuant to such plans as of the date of such termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Executive may terminate this Agreement at any time and in her sole discretion by providing written notice thereof to the Company in the manner provided by this Agreement. The Company may terminate this Agreement for Cause (as such term is defined on **<u>Appendix B</u>** hereto) by providing written notice thereof to Executive in the manner provided by this Agreement. Upon termination by either party, Executive will discontinue work under this Agreement, and the Company will reimburse Executive, as provided in Section 2(b)(iii), for expenses incurred by Executive prior to the date of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The parties specifically agree that, notwithstanding any early termination of this Agreement, the obligations under Sections 4(b), 5, 6, 7, 8, 9 and 10 will survive such termination and remain in full force and effect.

**SECTION 4. <u>INDEPENDENT CONTRACTOR STATUS; SUBCONTRACTING</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) During the term of the Consulting Period, Executive shall be deemed an independent contractor and not an employee or agent of the Company. Amounts paid to Executive hereunder shall be reported on Form 1099 and Executive shall be responsible for any self-employment taxes with respect to such amounts. The Company disclaims the right to control the manner of performance by Executive. Except as otherwise expressly provided herein, Executive shall not be considered, under this Agreement or otherwise, to be entitled to participation in any benefits offered by the Company or coverage under employee plans, and/or participation in any incentive or equity compensation plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Executive agrees to indemnify the Company for any personal injury or property damage sustained by Executive while performing Services for or on behalf of the Company, unless and to the extent that a court of competent jurisdiction finally determines that such injury or damage was the result of the Company's negligence or willful misconduct.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any taxes, license, permits, filing of required forms, or other conditions imposed upon or required to render Services shall be satisfied by Executive.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The provision of Services under this Agreement is personal to Executive. Executive may not subcontract any portion of her Services hereunder to others without the prior written consent of the Company and its written approval of the terms and conditions of each such subcontract. Subcontracting any part of the Services under this Agreement, if approved by the Company, shall not relieve Executive of any of her obligations with respect thereto.

**SECTION 5. <u>NON-DISCLOSURE; NON-INTERFERENCE WITH RIGHTS</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Executive shall not take or maintain copies of, use, divulge or otherwise disclose, directly or indirectly, any trade secret or other proprietary or confidential information ("**<u>Confidential Information</u>**") concerning the business or policies of Company which she may have learned as an officer or employee of Company, except to the extent such use or disclosure is (i) required by applicable law, (ii) lawfully obtainable from the public domain, or (iii) authorized by Company. Confidential Information includes, without limitation, confidential information and Company trade secrets, whether in tangible or intangible form, regarding the Company's: products; services; near and long-term business strategies, plans and expectations; marketing strategies; business plans; operations; costs; current or prospective customer information (including without limitation customer lists, requirements, creditworthiness, preferences, pricing information, sales volume, margins and similar matters); product concepts; designs; specification; technical data and know-how; purchasing information (including without limitation pricing, sales information and other terms and conditions of sale); financial information; employee and personnel information; vendor and business partner information; customer information; internal procedures or techniques; forecasts; trade information; software programs; project requirements, and all other information that is not generally known to those outside of the Company. Confidential Information also includes the information of any other person or entity that the Company has an obligation to maintain as confidential.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Nothing in this Agreement prevents Executive from initiating communications directly with, or responding to any inquiry from, or providing truthful information in any legal or governmental proceeding or investigation, provided that such disclosure is made only to the extent necessary. Additionally, nothing in this Agreement prohibits Executive from reporting, disclosing, or discussing conduct that constitutes unlawful discrimination, harassment, or sexual assault. In accordance with the Defend Trade Secrets Act of 2016, notwithstanding any other provision of this Agreement or the provisions contained in the agreements consented to or signed by Executive during employment, Executive will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that: (i) is made in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or

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other document that is filed under seal in a lawsuit or other proceeding. If Executive files a lawsuit for retaliation by the Company for reporting a suspected violation of law, Executive may disclose the Company's trade secrets to her attorney and use the trade secret information in the court proceeding if Executive: (A) files any document containing the trade secret under seal and (B) does not disclose the trade secret except pursuant to court order.

**SECTION 6. <u>NON-SOLICITATION AND NON-COMPETITION</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Company's Investment</u>**. Executive understands that the Company has spent and will continue to spend substantial amounts of time, money and effort to develop its business, Confidential Information, reputation, goodwill (both associated with its trade names and geographic areas of business), and its customer, suppler and employee relationships. Executive further understands that she has benefitted, and will continue to benefit, from those investments and efforts, and acknowledges that the Company would not enter into this Agreement without her express agreement to be bound by the provisions of this this Section 6.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Non-Solicitation</u>**. Executive shall not, either for her own account or for or on behalf of any other person or entity, directly or indirectly, take any of the following actions through and including January 31, 2028:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Solicit any employee of the Company with the intention of encouraging such person to terminate the person's employment with the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Solicit or transact business with any Customer (as defined below) for the purpose of offering any service or product offered by the Company or any service or product that directly or indirectly competes with or is substantially similar to such service or product (hereafter, "**<u>Competitive Services</u>**"). "**<u>Customer</u>**" means (A) any current or former customer of the Company (1) with whom Executive has had material contact in the performance of her duties at any time during the 24-month period preceding the Effective Date, or (2) about whom Executive has knowledge of Confidential Information; (B) any person or entity who contacted the Company, at any time during the 6-month period preceding the Effective Date, for the purpose of seeking or obtaining the Company's services; or (C) any person or entity whom the Company contacted, at any time during the 6-month period preceding the Effective Date, for the purpose of providing or selling the Company's services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Solicit or transact business with any Customer, vendor, contractor or supplier of the Company for the purpose of encouraging such person to terminate its relationship with the Company or to place elsewhere or reduce the volume of its business with the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Otherwise attempt to directly or indirectly interfere with the Company's business or relationships with its employees, independent contractors, vendors, suppliers, or Customers when such activities will involve the inevitable use of, or near certain influence by Executive's knowledge of, Confidential Information disclosed to the Executive during the term of Executive's employment with the Company.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **<u>Non-Competition</u>**. Executive shall not, either for her own account or for or on behalf of any other person or entity, directly or indirectly, take any of the following actions through and including January 31, 2028:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Have an ownership or financial interest in a "**<u>Competitor</u>**," defined as any person or entity (including Executive or an entity that Executive becomes employed by or otherwise affiliated with or renders services to) that offers, or is actively planning to offer, Competitive Services within a "**<u>Restricted Territory</u>**" defined as any metropolitan statistical area (as defined by the U.S. Census Bureau) where the Company did business during Executive's employment or does or actively plans to do business at the time of the subject competitive activity, <u>provided</u> that Executive's passive ownership of securities of a publicly held Competitor does not violate this provision, so long as her ownership does not exceed one percent (1%) of such Competitor's issued and outstanding voting stock;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Advise or consult with a Competitor concerning Competitive Services in the Restricted Territory;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Be employed by, serve as the member of the board of or otherwise provide services to or for, whether as an employee, consultant, independent contractor or in any other working relationship with, a Competitor in the Restricted Territory where Executive's duties are similar to the duties that she performed on behalf of the Company at any time during the 24-month period preceding the Effective Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Otherwise engage in the production, marketing, sale, distribution, offering or provision of Competitive Services in the Restricted Territory.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **<u>Future Employment</u>**. Through and including January 31, 2028, Executive agrees to notify the Company in writing of the name and address of any new person or entity by whom or which Executive becomes employed or for whom or which Executive agrees to perform consulting or other services, in either case to the extent that such person or entity is (i) a Customer or Competitor, or (ii) does or plans to do business, whether as a customer, supplier, consultant, service provider or otherwise, with any Customer or Competitor.

**SECTION 7. <u>NON-DISPARAGEMENT; COOPERATION</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Non-Disparagement</u>**. Executive agrees that she will not, in any way, disparage the Company to any person(s) or organization(s), including without limitation any employee of the Company. A disparaging statement is any communication, oral or written, including electronic postings on social media, which would cause or tend to cause the recipient of the communication to question the business condition, integrity, legal compliance, competence, fairness, quality of services, or good character of the person or entity to whom or to which the communication relates.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Cooperation</u>**. Executive agrees to cooperate with the Company in the prosecution or defense of claims asserted by or against it or the investigation of potential claims and shall be available, by telephone, video conference or in person, at such reasonable times as may be requested by the Company, to discuss and consult with employees or agents of the Company with respect to business matters of the Company. Such cooperation and consultation shall include meeting with representatives of the Company or the Company's attorneys, or both, divulging to the Company any information that the Company may request for possible use in the conduct of its business or in litigation, arbitration, investigations (whether internal or external) or other legal proceeding, and testifying on behalf of the Company at the Company's request. The Company agrees to reimburse Executive for reasonable, documented personal expenses incurred by Executive pursuant to this Section 7(b). Nothing in this Section shall preclude Executive from complying with legal obligations to testify under oath truthfully and accurately or producing information in response to a properly served subpoena or as otherwise required by law or legal process.

**SECTION 8. <u>WORK PRODUCT</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Executive agrees that all works of authorship developed or created in whole or in part by Executive during her employment by the Company or in the course of providing Services under this Agreement, whether alone or in collaboration with other Company employees or third parties providing consulting other services to the Company shall to the extent possible be deemed works made for hire within the meaning of the Copyright Act (17 U.S. C. §101 et. Seq.)("**<u>Work Product</u>**") and that all Work Product shall remain the property of the Company. To the extent that any such Work Product may not, under applicable law, be considered work made for hire, the Executive hereby grants, transfers, assigns, conveys and relinquishes all of her right, title and interest in and to the Work Product to the Company in perpetuity or for the longest period otherwise permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Consistent with her recognition of the Company's absolute ownership of all Work Product, Executive agrees that she shall not take or maintain any Work Product or copies thereof and shall not use any Work Product for the benefit of any party other than the Company.

**SECTION 9. <u>RELEASE OF CLAIMS</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Released Claims</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) In consideration of the consideration provided pursuant to this Agreement, except as provided in Section 9(b) below, Executive, on behalf of herself, her heirs, dependents, and administrators, absolutely, irrevocably and unconditionally releases and forever discharges the Company and all of its parents, subsidiaries, affiliates, predecessors, successors, assigns and their respective directors, officers, employees, agents, attorneys and shareholders (severally and collectively, the "**<u>Releasees</u>**") from any and all claims, known and unknown, under federal, state and local law (including all common law claims) and all statues, ordinances and regulations including, but not limited to, claims relating to breach of contract, breach of promise,

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misrepresentation, invasion of privacy, wrongful discharge, discrimination on account of age, race, sex, religion, national origin, military status, disability or other such characteristics protected by law, that Executive may have against any of the Releasees relating to, or arising out of, her employment with, or separation from employment with, the Company whether now apparent or yet to be discovered or which may develop based on events that have transpired from the beginning of time to the Effective Date, whether or not any action, claim, compliant, grievance or charge has been filed by Executive or on Executive's behalf. Further, Executive specifically releases the Releasees from any and all claims arising under Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1866, the Americans With Disabilities Act of 1990, the Age Discrimination in Employment Act ("**<u>ADEA</u>**"), as amended, the Family and Medical Leave Act, the Worker Adjustment and Retraining Notification Act, as amended, and any similar state or local law, ordinance or regulation prohibiting discrimination in employment, based on events that have transpired from the beginning of time to the Effective Date. In addition, Executive also releases the Releasees and waives any right to or claim for any and all attorney's fees, including litigation expenses and costs that Executive may claim under any statute, regulation or at common law or in equity, including but not limited to those set forth above, except as provided in Section 9(b)(vii) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) This Agreement expressly releases claims under the False Claims Act to the fullest extent permitted by law. To the extent that a court of competent jurisdiction were to conclude that pre-filing releases of claims under the False Claims Act are not enforceable absent government knowledge of the alleged claims, the parties agree that Executive will be permitted to participate in any legal proceedings under the False Claims Act. To the extent permitted by law, Executive specifically waives any rights Executive may have to receive any monetary award from such proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Subject to Section 9(b) below, Executive covenants and agrees that she will not now or at any time in the future commence, maintain, or participate in as a party, or permit to be filed by another person on her behalf or as a member of any alleged class of persons, any action, suit, proceeding, claim, or complaint of any kind against any of the Releasees with respect to any matter which arises from or relates to her employment with, or separation from employment with, the Company or which is encompassed in the release set forth in Section 9(a)(i) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Executive understands that by signing this Agreement, she waives and releases any unknown or undiscovered claims against any Releasees based on events that have transpired up to and including the Effective Date. Executive acknowledges that facts may be discovered in the future that are different from those Executive agrees to be true in entering into this Agreement. Notwithstanding that information may arise or facts may be discovered in the future, it is understood and agreed that Executive assumes such risks and the release of all claims contained in this Agreement shall remain in full force and effect in all respects, regardless of such additional or different facts, whether such facts are now known or unknown, suspected or unsuspected, discoverable, or not currently discoverable.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Retained Claims</u>**. The parties agree, and Executive understands, that this Agreement does not waive or restrict her right or ability to file:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a claim challenging the validity of this Agreement, including challenges made pursuant to the ADEA or Older Worker Benefits Protection Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a claim or to pursue a remedy for any rights or claims under the ADEA that may arise after the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a claim compelling enforcement of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) a claim for unemployment compensation benefits, provided that the Company cannot and will not make the ultimate determination as to Executive's eligibility for such benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) a claim for workers' compensation benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) a claim for long-term or short-term disability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) a claim for indemnification to which Executive would be entitled under the Company's Restated Certificate of Incorporation, if the Executive becomes a party, or is threatened to be made a party, to any action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of Executive's service to the Company as an officer, employee, agent or fiduciary of the Company or Executive's service, at the request of the Company, as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to any employee benefit plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) a claim related to the Company's contractual obligations with respect to any long-term incentive award (including under any applicable plan document, grant agreement or award notice) outstanding as of the Effective Date; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) protections against retaliation under the Taxpayer First Act of 2019 (26 U.S.C. §2623(d));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) a charge or complaint with the Equal Employment Opportunity Commission or any other federal, state or local administrative body or government agency. Executive agrees, however, that she shall not be entitled to receive any monetary benefit from or obtain any monetary relief through any such charge or complaint, whether filed by Executive or on Executive's behalf, based upon claims arising from or attributable in any way to her employment with, or separation from employment with, the Company; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) Any claims not permitted to be waived or released under applicable law.

In addition, this Agreement does not surrender or waive any right Executive may have under the Employee Retirement Income Security Act of 1974, as amended, including but not limited to her right to any vested and accrued retirement benefits.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **<u>Knowing and Voluntary Agreement</u>**. Executive hereby acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) she has a period of at least twenty-one (21) days within which to review, consider, and sign this Agreement, the parties hereby acknowledging for the avoidance of doubt that this Agreement was not intended to be, and has not been, signed by either party prior to December 5, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) she has a period of the later of (i) seven (7) days following her execution of this Agreement or (ii) until December 12, 2025 (the "**<u>Revocation Period</u>**"), within which to change her mind and revoke this Agreement. If Executive wishes to revoke the release included in this Agreement after signing, she must provide written notice of that revocation to the Company at the address set forth in Section 9(h) below within the Revocation Period. The release of claims contained in this Agreement becomes effective and enforceable after the expiration of seven (7) days after Executive has signed this Agreement, provided she has not revoked it during that period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) she has been advised, and has had an opportunity, to review and discuss the terms and meaning of this Agreement with legal counsel of her choosing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) she understands the terms and meaning of this Agreement, including that she is knowingly and voluntarily waiving and releasing all claims described in Section 1(a), including any claims under the ADEA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the consideration Executive is receiving in exchange for this Agreement is something of value to which Executive is not already entitled; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) she is entering into this Agreement freely and voluntarily.

**SECTION 10. <u>MICELLANEOUS PROVISIONS</u>** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) **<u>Severability</u>**. Should any provision of this Agreement be declared illegal or unenforceable by any court of competent jurisdiction and if such provision cannot be modified to be enforceable (including the general release language), such provision shall immediately become null and void, leaving the remainder of the Agreement in full force and effect. Notwithstanding the foregoing, if a court of competent jurisdiction determines that the scope of the restrictive covenants in Section 6 of this Agreement exceed the maximum restrictiveness such court deems reasonable and enforceable, the parties intend that the court should reform, modify and enforce the provision to such narrower scope as it determines to be reasonable and enforceable.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **<u>Injunctive Relief; Survival</u>**. In the event of a breach by Executive of any of the provisions of this Agreement, the Company shall be entitled, if it shall so elect, to institute legal proceedings to obtain damages for any such breach or to enforce the specific performance of this Agreement by Executive and to enjoin her from any further violation of this Agreement and to exercise such remedies cumulatively or in conjunction with all other rights and remedies provided by law. Executive acknowledges that the remedies at law for any breach of this Agreement may be inadequate, and that the Company shall be entitled to injunctive relief in the event of a breach of this Agreement. Executive acknowledges that her breach or threatened breach of the covenants in Sections 5, 6 and 7 of this Agreement would cause the Company irreparable harm, and that the Company would be entitled to seek extraordinary relief in court, including temporary restraining orders, preliminary or permanent injunctions, or other equitable relief, without the necessity of showing any actual damages or that money damages would not afford an adequate remedy, and without the necessity of posting any security. If a court determines that Executive has breached any of the restrictive covenants in Sections 5, 6, and/or 7, to the extent authorized by law, Executive will be responsible for the reasonable attorneys' fees and costs the Company incurs in enforcing this Agreement. Additionally, if a court determines that Executive has violated any of the terms of the restrictive covenants in Section 6, the period of time during which such restrictive covenant would otherwise have been in effect under the terms of this Agreement shall be automatically extended by the period of time during which Executive was in violation of such covenant(s). Notwithstanding anything to the contrary contained in or implied by this Agreement, the provisions of Section 4(b), 5, 6, 7, 8, 9 and 10 shall survive termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) **<u>Entire Agreement</u>**. This Agreement constitutes the entire agreement of the parties and supersedes all prior negotiations, understandings and agreements, proposed or otherwise, written or oral, concerning the subject matters of this Agreement. However, this Agreement shall not supersede any obligation of Executive under any agreement concerning confidentiality, trade secrets, proprietary information, non-disclosure, inventions, patents, copyrights or intellectual property that Executive previously executed, the Executive's rights, privileges or interests under or with respect to any equity award outstanding as of the Effective Date under the Incentive Plans, or any rights, privileges or interests of Executive and any obligations of the Company under the Company's corporate charter, by-laws or other governance documents providing for indemnification of Executive in relation to or in connection with Executive's employment with the Company, which in each case shall continue to remain in full force and effect. Executive agrees that she has not relied on any representation or statement, whether written or oral, other than as set forth in this Agreement. Furthermore, no modification of this Agreement shall be binding unless in writing signed by both parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) **<u>Successors and Assigns</u>**. This Agreement shall be binding upon, and shall inure to the benefit of, the respective heirs, executors, legal representatives and other successors and assigns of the parties to this Agreement. Nothing in this Agreement shall preclude the Company from consolidating or merging into or with, or transferring all or substantially all of its assets to, another corporation or entity which assumes this Agreement and all obligations and undertakings of the Company hereunder. Upon such consolidation, merger or transfer of assets and assumption, the term "Company" as used herein shall mean such other corporation or entity, and this Agreement shall continue in full force and effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) **<u>Construction</u>**. The language of all sections of this Agreement shall in all cases be construed as a whole, according to its fair meaning and not strictly against the drafter of the language of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) **<u>Judicial Enforcement</u>**. This Agreement may be specially enforced in judicial proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) **<u>Counterparts; Section Headings; Gender and Number</u>**. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The section headings of this Agreement are for convenience of reference only and shall not affect the construction or interpretation of any of the provisions of this Agreement. Where appropriate to the context of this Agreement, (a) use of the singular shall be deemed also to refer to the plural and use of the plural to the singular, and (b) the use of the word "its" or another word denoting any gender shall include all genders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) **<u>Notices</u>**. Any notice or other communication required or permitted by this Agreement to be delivered by one party to another must be in writing and personally delivered or sent by registered United States mail (return receipt requested and postage prepaid), by overnight delivery or by facsimile transmission, in the case of the Executive, to the address on file with the Company, and in the case of the Company, to the address specified below, or to such other address as the party may from time to time advise the other parties, and shall be deemed to have been delivered upon actual personal delivery, on the first business day after the date of delivery shown on any such facsimile transmission, three days after deposit in the United States mail or one day after delivery to an overnight delivery service, as the case may be.

ATI Inc.

2021 McKinney Ave., Suite 1100

Dallas, TX 75201

Attn: Senior Vice President, General Counsel and Chief Compliance Officer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) **<u>Governing Law</u>**. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Texas without regard to its conflict of law principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) **<u>Forum Selection;</u> <u>Service of Process</u>**. All disputes among the parties regarding the construction or enforcement of this Agreement shall be resolved exclusively in a state or federal court of competent jurisdiction in Dallas, Texas. Each party hereby irrevocably consents to the service of any summons and complaint and any other process which may be served in any action or proceeding arising out of or related to this Agreement brought in any state or federal court located in Dallas, Texas by the mailing by certified or registered mail of copies of such process to such party at its address set forth in Section 10(h) above.

------

IN WITNESS WHEREOF, the parties have entered into this Agreement as of the date first above written.

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| | |
|:---|:---|
| /s/ Tina K. Busch | /s/ Tina K. Busch |
| Tina K. Busch | Tina K. Busch |
| **ATI INC.** | **ATI INC.** |
| By: | /s/ Vaishali S. Bhatia |
| Name: Vaishali S. Bhatia | Name: Vaishali S. Bhatia |
| Title: Senior Vice President, General Counsel and Chief Compliance Officer | Title: Senior Vice President, General Counsel and Chief Compliance Officer |

---

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**<u>Appendix A</u>**

**Form of Release Agreement** 

THIS RELEASE (this "**<u>Release</u>**") is entered into effective as of January 31, 2027 by Tina K. Busch (the "**<u>Executive</u>**") in favor of ATI Inc. (the "**<u>Company</u>**").

WHEREAS, Executive and the Company are party to that certain Consulting Agreement (the "**<u>Consulting Agreement</u>**") pursuant to which the Company agreed to provide certain compensation, subject to certain conditions, including but not limited to her execution of this Release as of January 31, 2027;

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which hereby is acknowledged, Executive hereby agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1. <u>Released Claims</u>.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as provided in Section 2 below, Executive, on behalf of herself, hers heirs, dependents, and administrators, absolutely, irrevocably and unconditionally releases and forever discharges the Company, which includes all parents, subsidiaries, affiliates, predecessors, successors, assigns and their respective directors, officers, employees, agents, attorneys and shareholders (severally and collectively, the "**<u>Releasees</u>**") from any and all claims, known and unknown, under federal, state and local law (including all common law claims) and all statues, ordinances and regulations including, but not limited to, claims relating to breach of contract, breach of promise, misrepresentation, invasion of privacy, wrongful discharge, discrimination on account of age, race, sex, religion, national origin, military status, disability or other such characteristics protected by law, that Executive may have against any of the Releasees relating to, or arising out of, her employment with, or separation from employment with, the Company whether now apparent or yet to be discovered or which may develop based on events that have transpired from the beginning of time to January 31, 2027, whether or not any action, claim, compliant, grievance or charge has been filed by Executive or on Executive's behalf. Further, Executive specifically releases the Releasees from any and all claims arising under Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1866, the Americans With Disabilities Act of 1990, the Age Discrimination in Employment Act ("**<u>ADEA</u>**"), as amended, the Family and Medical Leave Act, the Worker Adjustment and Retraining Notification Act, as amended, and any similar state or local law, ordinance or regulation prohibiting discrimination in employment, based on events that have transpired from the beginning of time to January 31, 2027. In addition, Executive also releases the Releasees and waives any right to or claim for any and all attorney's fees, including litigation expenses and costs that Executive may claim under any statute, regulation or at common law or in equity, including but not limited to those set forth above (except as provided in 2(g) below).

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This Release expressly releases claims under the False Claims Act to the fullest extent permitted by law. To the extent that a court of competent jurisdiction were to conclude that pre-filing releases of claims under the False Claims Act are not enforceable absent government knowledge of the alleged claims, the parties agree that Executive will be permitted to participate in any legal proceedings under the False Claims Act. To the extent permitted by law, Executive specifically waives any rights Executive may have to receive any monetary award from such proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to Section 2 below, Executive covenants and agrees that she will not now or at any time in the future commence, maintain, or participate in as a party, or permit to be filed by another person on her behalf or as a member of any alleged class of persons, any action, suit, proceeding, claim, or complaint of any kind against any of the Releasees with respect to any matter which arises from or relates to her employment with, or separation from employment with, the Company or which is encompassed in the release set forth in Section 1(a) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Executive understands that by signing this Release, she waives and releases any unknown or undiscovered claims against any Releasees based on events that have transpired up to and including January 31, 2027. Executive acknowledges that facts may be discovered in the future that are different from those Executive agrees to be true in entering into this Agreement. Notwithstanding that information may arise or facts may be discovered in the future, it is understood and agreed that Executive assumes such risks and the release of all claims contained in this Agreement shall remain in full force and effect in all respects, regardless of such additional or different facts, whether such facts are now known or unknown, suspected or unsuspected, discoverable, or not currently discoverable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2. <u>Retained Claims</u>.** The parties agree, and Executive understands, that this Release does not waive or restrict Executive's right or ability to file:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a claim challenging the validity of this Agreement, including challenges made pursuant to the ADEA or Older Worker Benefits Protection Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a claim or to pursue a remedy for any rights or claims under the ADEA that may arise after the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a claim compelling enforcement of the Consulting Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) a claim for unemployment compensation benefits, provided that the Company cannot and will not make the ultimate determination as to Executive's eligibility for such benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a claim for workers' compensation benefits;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) a claim for long-term or short-term disability;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) a claim for indemnification to which Executive would be entitled under the Company's Restated Certificate of Incorporation, if the Executive becomes a party, or is threatened to be made a party, to any action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of Executive's service to the Company as an officer, employee, agent or fiduciary of the Company or Executive's service, at the request of the Company, as a director, officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to any employee benefit plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) a claim as a shareholder related to payment by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a claim related to the Company's contractual obligations with respect to any long-term incentive award (including under any applicable plan document, grant agreement or award notice) outstanding as of January 31, 2027;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) protections against retaliation under the Taxpayer First Act of 2019 (26 U.S.C. §2623(d));

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) a charge or complaint with the Equal Employment Opportunity Commission or any other federal, state or local administrative body or government agency. Executive agrees, however, that she shall not be entitled to receive any monetary benefit from or obtain any monetary relief through any such charge or complaint, whether filed by Executive or on Executive's behalf, based upon claims arising from or attributable in any way to her employment with, or separation from employment with, the Company; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) Any claims not permitted to be waived or released under applicable law.

In addition, this Release does not surrender or waive any right Executive may have under the Employee Retirement Income Security Act of 1974, as amended, including but not limited to her right to any vested and accrued retirement benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3. <u>Knowing and Voluntary Agreement</u>**. Executive hereby acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) she has a period of at least twenty-one (21) days within which to review, consider, and sign this Release;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) she has a period of seven (7) days following her execution of this Release within which to change her mind and revoke this Release. If Executive wishes to revoke this Agreement after signing, she must provide written notice of that revocation to the Company at the address set forth in Section 10 of the Consulting Agreement within said 7-day revocation period. The release of claims contained in this Release becomes effective and enforceable after the expiration of seven (7) days after Executive has signed this Release, provided she has not revoked it during that period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) she has been advised, and has had an opportunity, to review and discuss the terms and meaning of this Release with legal counsel of her choosing;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) she understands the terms and meaning of this Release, including that she is knowingly and voluntarily waiving and releasing all claims described in Section 1(a), including any claims under the ADEA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the consideration Executive is receiving in exchange for this Release is something of value to which Executive is not already entitled; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) she is signing this Release freely and voluntarily.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4. <u>Severability</u>.** Should any provision of this Release be declared illegal or unenforceable by any court of competent jurisdiction and if such provision cannot be modified to be enforceable (including the general release language), such provision shall immediately become null and void, leaving the remainder of the Release in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5. <u>Successors and Assigns</u>.** This Release shall be binding upon, and shall inure to the benefit of, the respective heirs, executors, legal representatives and other successors and assigns of the parties named herein.

IN WITNESS WHEREOF, Executive has duly executed this Release as of the date first above written.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> Tina K. Busch

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**<u>Appendix B</u>**

**Definition of Cause** 

"Cause" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Executive's conviction of or plea of guilty or *nolo contendere* to a charge of commission of a
felony,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) breach of a fiduciary duty owed to the Company involving personal profit to the Executive,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the willful engaging by the Executive in gross misconduct that is materially and demonstrably injurious to the
Company,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Executive's material breach of the covenants or agreements contained in Sections 5, 6, 7 and 8 of this
Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) an intentional continued failure to perform Services requested during the Consulting Period in the manner
provided under this Agreement; provided, however, an intentional continued failure to perform such Services shall not constitute Cause unless and until the Company's Chief Executive Officer provides the Executive with written notice setting
forth the specific duties that, in the view of the CEO, the Executive has failed to perform and the Executive is provided a period of thirty (30) days to cure such specific failure(s) to the reasonable satisfaction of the Company's board
of directors.

## Exhibit 99.1

**Exhibit 99.1** 

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| | |
|:---|:---|
| ![LOGO](g170992g1208174840354.jpg) | NEWS RELEASE |

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| | | |
|:---|:---|:---|
| **ATI Inc.** | **Investor Contact:** | **Media Contact:** |
| Corporate Headquarters | David Weston | Natalie Gillespie |
| 2021 McKinney Avenue, Suite 1100 | 412.394.2908 | 412.389.3124 |
| Dallas, TX 75201 U.S.A. | David.Weston@ATImaterials.com | Natalie.Gillespie@ATImaterials.com |
| **www**.ATImaterials.com |  |  |

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**ATI names J. Robert Foster as Chief Financial Officer** 

*Proven ATI leader brings operational depth and financial discipline to drive next phase of growth* 

DALLAS, TX— December 8, 2025 — ATI Inc. (NYSE: ATI) announced that James Robert "Rob" Foster will become Senior Vice President, Finance and Chief Financial Officer, effective January 1, 2026. Foster succeeds Don Newman, who will serve as Strategic Advisor to the CEO beginning January 1. As previously announced, Newman will retire on March 1, 2026, and serve in an advisory capacity for a continued period to allow for a smooth handoff.

Foster, a longtime ATI leader, brings a unique combination of operational depth and financial discipline to the CFO role. He most recently served as President of ATI's Specialty Alloys & Components business, where he improved efficiency, expanded capacity, and advanced ATI's position as a global leader in exotic alloys. Foster previously served as ATI's Vice President of Finance, Supply Chain and Capital Projects, overseeing the Company's global finance organization, capital deployment processes, and enterprise supply chain performance. Earlier, he led Finance for both ATI operating segments and the Forged Products business.

"Rob is a proven P&L leader with enterprise-wide experience in the areas that matter most to ATI's continued growth," said Kim Fields, President and CEO of ATI. "He brings deep expertise not only in finance but also as an operational leader. Rob played a pivotal role in the successful Specialty Rolled Products transformation, consistently helping ATI to deliver strong returns and shareholder value. I look forward to partnering with him as we enter our next phase of profitable growth."

"I'm honored to become ATI's next CFO," said Foster. "ATI is well-positioned with a strong balance sheet, focused strategy, and significant opportunities ahead. I look forward to working with our team to drive disciplined investment, operational excellence, and long-term value creation for our shareholders."

Newman added, "Rob is an exceptional leader who understands ATI's strategy, operations, and financial drivers. He has delivered transformative results across the organization. I look forward to supporting a seamless transition as we pursue this next step in our succession planning."

Before joining ATI in 2012, Rob held senior finance roles at API Technologies Corp. and Spectrum Control Inc., where he led ERP implementations, acquisition integrations, and internal control enhancements. He began his career as an auditor at Ernst & Young (EY). Foster holds a bachelor's degree from Robert Morris University and an MBA from Penn State University.

ATI today reiterated its guidance for the fourth quarter and full year 2025.

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**ATI: Proven to Perform** 

ATI (NYSE: ATI) is a producer of high-performance materials and solutions for the global aerospace and defense markets, and critical applications in electronics, medical and specialty energy. We're solving the world's most difficult challenges through materials science. We partner with our customers to deliver extraordinary materials that enable their greatest achievements: their products fly higher and faster, burn hotter, dive deeper, stand stronger and last longer. Our proprietary process technologies, unique customer partnerships and commitment to innovation deliver materials and solutions for today and the evermore challenging environments of tomorrow. We are proven to perform anywhere. Learn more at <u>ATImaterials.com</u>.

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