Every material Form 8-K Kaiser Aluminum filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kaiser Aluminum reported preliminary unaudited third quarter 2026 results, with net sales up sharply from a year earlier on higher metal costs passed through to customers and higher shipments. Net income and diluted EPS fell from the prior-year quarter, though Adjusted EBITDA rose slightly, and the company now expects full-year Adjusted EBITDA growth toward the lower end of its 45% to 55% range. The filing also confirms a CEO change effective November 1, 2026.
Net sales were $1,215 million versus $844 million a year earlier; Conversion Revenue was $439 million, up 25%.
Net income was $31 million, or $1.84 per diluted share, versus $40 million, or $2.38, in the prior-year quarter.
Adjusted EBITDA was $84 million versus $81 million; the 2026 Adjusted EBITDA growth outlook of 45% to 55% is maintained but now expected toward the lower end.
Fred Stephan succeeds Keith A. Harvey as President and CEO effective November 1, 2026; a $0.77 quarterly dividend was declared.
Kaiser Aluminum said Fred Stephan, 61, a former Chief Operating Officer of Amcor's flexible packaging unit, will become CEO and President on November 1, 2026, succeeding Keith A. Harvey, who will become Executive Chairman. The Board will grow from nine to ten directors when Stephan joins, and the company amended its Key Employee Severance Plan, which covers Stephan's severance terms.
Stephan's offer letter sets a base salary of $1,150,000, a short-term cash incentive target of $1,440,000 and a long-term incentive target of $4,430,000 beginning in 2027.
Stephan receives a sign-on restricted stock unit grant with a target value of $2,000,000 on the November 1, 2026 effective date.
Harvey, CEO since July 31, 2020, will serve as a special advisor to Stephan through October 31, 2027.
The Board will increase from nine to ten directors on the effective date.
Kaiser Aluminum reported preliminary, unaudited second-quarter 2026 results, with net sales of $1.26 billion and net income of $97 million, up from $823 million and $23 million a year earlier. The company raised its full-year 2026 outlook, now expecting Adjusted EBITDA growth of 45% to 55% year over year, which benefits shareholders while noting that metal price tailwinds are not assumed to continue.
Net sales rose to $1.26 billion from $823 million; shipments increased 6% to 306 million pounds.
Diluted EPS was $5.72 versus $1.41; adjusted diluted EPS was $5.53 versus $1.21.
Full-year 2026 Adjusted EBITDA growth outlook raised to 45% to 55%; Conversion Revenue expected at the high end of the 10% to 15% range.
Quarterly dividend of $0.77 per share declared, payable August 14, 2026; net debt leverage ratio improved to 2.1x.
At its June 4, 2026 annual meeting, Kaiser Aluminum stockholders re-elected three Class I directors, approved an advisory vote on executive pay, ratified Deloitte & Touche LLP as auditor for 2026, and approved an amended 2021 Equity and Incentive Compensation Plan. The amendment adds 395,000 shares for equity awards, bringing the total available under the plan to 1,183,000 shares, which sets the pool for future stock-based pay that could dilute existing holders.
Plan amendment adds 395,000 shares; total available under the Amended 2021 Plan is 1,183,000 shares
Plan approved with 94.43% of votes cast for
Say-on-pay advisory vote approved with 98.68% of votes cast for
Deloitte & Touche LLP ratified as independent auditor for 2026 with 98.20% of votes cast for
Kaiser Aluminum reported record first quarter 2026 results, with net sales of $1.1 billion, up from $777 million a year earlier, and net income of $63 million, or $3.71 per diluted share, versus $22 million, or $1.31, in the prior year period. The company raised its full-year 2026 outlook, now expecting Adjusted EBITDA to improve 20% to 30% year-over-year.
Net income $63 million, or $3.71 per diluted share, versus $22 million, or $1.31, in Q1 2025
Adjusted EBITDA $129 million, a 31.8% margin on Conversion Revenue, versus $73 million a year earlier
Full-year 2026 outlook: Conversion Revenue to improve 10% to 15%; Adjusted EBITDA to improve 20% to 30%
Quarterly dividend of $0.77 per share declared April 13, 2026, payable May 15, 2026; net debt leverage ratio improved to 2.8x
Kaiser Aluminum reported preliminary fourth-quarter and full-year 2025 results, with Q4 net sales of $929 million, up about 21% year over year, and full-year net sales of $3.37 billion, up about 12%. Full-year net income was $113 million, or $6.77 per diluted share, and the company guided to 2026 Adjusted EBITDA growth of 5% to 15%, which matters to shareholders because it sets the company's outlook for the year ahead.
Q4 2025 net income was $28 million, or $1.68 per diluted share, versus $1.21 a year earlier
Full-year 2025 Adjusted EBITDA was $310 million, with an Adjusted EBITDA margin of 21.3%
Full-year 2025 shipments fell 5%, driven by commercial aerospace destocking and the Trentwood planned outage
For 2026, the company expects Conversion Revenue to rise 5% to 10% and Adjusted EBITDA to rise 5% to 15%
Kaiser Aluminum appointed Hugh (Jack) J. Barger, III as Executive Vice President – Sales and Marketing effective January 1, 2026, as part of a planned succession from Blain A. Tiffany, who is expected to retire. Tiffany signed a transition letter on January 7, 2026, to serve as Advisor to the Chief Executive Officer through December 31, 2026, keeping his salary, incentive targets and equity grants.
Jack Barger appointed Executive Vice President – Sales and Marketing, effective January 1, 2026
Blain Tiffany, former EVP – Sales and Marketing, becomes Advisor to the CEO through December 31, 2026
Tiffany keeps base salary, incentive targets and equity grants without proration, and leaves the Key Employee Severance Benefit Plan
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