Albany International Reports Officer Changes & Compensation
Ticker: AIN · Form: 8-K · Filed: Feb 23, 2024 · CIK: 819793
| Field | Detail |
|---|---|
| Company | Albany International Corp /De/ (AIN) |
| Form Type | 8-K |
| Filed Date | Feb 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, 8-K
TL;DR
**Albany International just filed an 8-K about changes in its executive team and their pay.**
AI Summary
Albany International Corp. filed an 8-K on February 23, 2024, reporting on the departure or election of directors or certain officers and their compensatory arrangements. The filing also covers financial statements and exhibits. The company, based in Rochester, New Hampshire, operates under the SIC code 2221 for Broadwoven Fabric Mills.
Why It Matters
This filing signals potential shifts in leadership and executive compensation at Albany International, which could influence future strategic decisions and financial performance.
Risk Assessment
Risk Level: low — The 8-K is a routine disclosure about corporate governance and compensation, not indicating immediate financial distress or major operational changes.
Key Numbers
- 2024-02-23 — Filing Date (Date the 8-K was filed and the earliest event reported)
- 001-10026 — SEC File Number (Identifier for Albany International Corp. with the SEC)
- 2221 — SIC Code (Standard Industrial Classification for Broadwoven Fabric Mills, Man Made Fiber & Silk)
Key Players & Entities
- ALBANY INTERNATIONAL CORP. (company) — Registrant
- Delaware (company) — State of incorporation
- Rochester, New Hampshire (company) — Principal executive offices location
- February 23, 2024 (date) — Date of earliest event reported and filing date
- 603-330-5800 (dollar_amount) — Registrant's telephone number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on February 23, 2024.
What items were reported in the 8-K by Albany International Corp.?
The 8-K reported on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers, and Financial Statements and Exhibits.
Where are Albany International Corp.'s principal executive offices located?
Albany International Corp.'s principal executive offices are located at 216 Airport Drive, Rochester, New Hampshire 03867.
What is Albany International Corp.'s state of incorporation?
Albany International Corp. is incorporated in Delaware.
What is the company's SIC code?
The company's Standard Industrial Classification (SIC) code is 2221, for Broadwoven Fabric Mills, Man Made Fiber & Silk.
Filing Stats: 530 words · 2 min read · ~2 pages · Grade level 9.4 · Accepted 2024-02-23 16:23:09
Key Financial Figures
- $0.001 — hich registered Class A Common Stock, $0.001 par value per share AIN The New York
Filing Documents
- ain-20240223.htm (8-K) — 28KB
- ain-20240223xex991.htm (EX-99.1) — 13KB
- imagea.jpg (GRAPHIC) — 29KB
- 0000819793-24-000004.txt ( ) — 241KB
- ain-20240223.xsd (EX-101.SCH) — 3KB
- ain-20240223_def.xml (EX-101.DEF) — 15KB
- ain-20240223_lab.xml (EX-101.LAB) — 30KB
- ain-20240223_pre.xml (EX-101.PRE) — 16KB
- ain-20240223_htm.xml (XML) — 3KB
02. Election of Director
Item 5.02. Election of Director. On February 23, 2024, the Board of Directors (the "Board") of Albany International Corp. ("Albany") voted to elect Bonnie C. Lind as a member of the Board. The Board also appointed Ms. Lind to the Board's Audit Committee. In addition, the Board voted Director John R Scannell Chairman of the Board to succeed Erland (Erkie) Kailbourne, who will remain a member of the Board of Directors. A copy of Albany's news release announcing Ms. Lind's election is filed as Exhibit 99.1 to this report. Upon her election, Ms. Lind entered into an indemnification agreement with Albany, the form of which has been previously filed as Exhibit 10(t) to a Current Report on Form 8-K filed on April 12, 2006.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is being furnished herewith: 99.1 News Release dated February 23, 2024 . Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALBANY INTERNATIONAL CORP. By: /s/ Robert D. Starr Name: Robert D. Starr Title: Executive Vice President and Chief Financial Officer (Principal Financial Officer) Date: February 23, 2024 EXHIBIT INDEX Exhibit No. Description 99.1 News Release, dated February 23, 2024, issued by Albany International Corp. 104 Inline XBRL cover page.