April 24, 2017 / 6:20 PM / a year ago

BRIEF-Arconic announces willingness to nominate two of Elliott's director nominees to join board

April 24 (Reuters) - Arconic Inc

* Arconic postpones annual meeting date

* Postponing its 2017 annual meeting of shareholders from May 16, 2017 to a date toward end of May 2017

* During past two weeks, company has been engaged in extensive discussions with Elliott Management Corp to resolve pending proxy contest

* Arconic board believes that a settlement with Elliott on reasonable terms could benefit all shareholders

* In light of resignation of Klaus Kleinfeld, his nomination for election at annual meeting has been withdrawn

* Company indicated in settlement discussions that it is willing to select two of Elliott's director nominees to join board

* Will amend and supplement proxy statement and white proxy card to reflect revised slate of director nominees

* If two Elliott nominees are appointed to board, there will be eight independent directors who have joined board within past 15 months

* On April 24, 2017, board of directors sent an e-mail to Paul Singer of Elliott Management

* Any votes for Klaus Kleinfeld previously submitted on a white proxy card will be disregarded Source text for Eikon: Further company coverage:

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