ATI INC 8-K

What Happened

• On February 18, 2026, ATI Inc.'s Board of Directors authorized up to $500 million in additional repurchases of the company's outstanding common stock. The company said this authorization is expected to support a multi-year share repurchase program when combined with the approximately $120 million remaining from the prior authorization. A press release dated February 19, 2026 was furnished as Exhibit 99.1 to the Form 8-K.

Key Details

• Board action date: February 18, 2026; press release dated February 19, 2026 (Exhibit 99.1).
• New authorization: up to $500 million in additional repurchases; prior remaining authorization: ~$120 million.
• Repurchase methods: open market or privately negotiated transactions; open market buys will follow SEC Rule 10b-18 pricing/volume guidelines.
• Program flexibility: no obligation to buy a specific number of shares; the Board may modify, suspend, or terminate the program at any time.

Why It Matters

• A sizable buyback authorization can reduce share count over time and potentially increase earnings per share, which investors often view as shareholder-return focused capital allocation.
• Timing and scale of repurchases will depend on market conditions and corporate needs; because the program is discretionary and can be changed or halted, investors should monitor actual repurchase activity for its impact on shares outstanding and per-share metrics.