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TMCNet:  AK STEEL HOLDING CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

[March 26, 2014]

AK STEEL HOLDING CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On March 20, 2014, the Board of Directors (the "Board") of AK Steel Holding Corporation (the "Company"), upon the recommendation of the Management Development and Compensation Committee of the Board, approved forms of amended and restated Change of Control Agreement and Severance Agreement (collectively, the "Amended Agreements") for the Company's executive officers. On March 22, 2014, the first of the Company's executive officers executed his Amended Agreements. The remaining executive officers subsequently have executed their respective Amended Agreements or are expected to do so in the near future.


The substantive changes made to the existing forms of Change of Control Agreement and Severance Agreement were to broaden the non-compete provisions, principally to make them apply to companies in industries beyond the steel industry whose products are in competition with products of the Company, its subsidiaries and affiliates. These changes prohibit an executive officer, in the event that he or she should no longer be employed by the Company, from employment, consulting or other affiliation with companies in competition with the Company for a one year period following the executive officer's separation from the Company.

The foregoing description does not constitute a complete summary of the Amended Agreements and is qualified by reference in its entirety to the full text of the forms of Amended Agreements, copies of which are filed as exhibits to this Current Report on Form 8-K and are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibit: 10.1 Form of Executive Officer Change of Control Agreement 10.2 Form of Executive Officer Severance Agreement --------------------------------------------------------------------------------

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