KAISER ALUMINUM CORP
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
Contents
Subsequent Events
- Subseq uent Events
Dividend Declaration. On January 14, 2025, we announced that our Board of Directors declared a quarterly cash dividend of $0.77 per common share. As such, we paid approximately $12.7 million (including dividend equivalents) on February 14, 2025 to stockholders of record and the holders of certain restricted stock units at the close of business on January 24, 2025.
Collective Bargaining Agreement Renewal. In February 2025, the Company and the USW ratified new five-year collective bargaining agreements covering approximately 1,000 employees primarily located at our Trentwood and Newark facilities, and a separate agreement with the USW for another operation related to Trentwood. While the term of the current agreements ends on September 30, 2025, the new agreements will take effect upon expiration of the current agreements with a term ending on September 30, 2030. The entry into the new collective bargaining agreements did not have an impact on the Company’s consolidated financial statements for the year ended December 31, 2024.
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