Albany International Names New CFO
Ticker: AIN · Form: 8-K · Filed: Aug 5, 2024 · CIK: 819793
| Field | Detail |
|---|---|
| Company | Albany International Corp /De/ (AIN) |
| Form Type | 8-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: AIN
TL;DR
Albany International just promoted Kevin McCurdy to CFO, starting Aug 5th. New leadership in finance!
AI Summary
Albany International Corp. announced on August 2, 2024, the appointment of Kevin M. McCurdy as Senior Vice President and Chief Financial Officer, effective August 5, 2024. McCurdy previously served as the company's Vice President of Finance and Corporate Controller. He will receive an annual base salary of $425,000 and is eligible for various incentive programs.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: low — This filing reports on an internal executive appointment and compensation, which typically carries low risk.
Key Numbers
- $425,000 — CFO Annual Base Salary (Compensation for the newly appointed Senior Vice President and Chief Financial Officer.)
Key Players & Entities
- Albany International Corp. (company) — Registrant
- Kevin M. McCurdy (person) — Appointed Senior Vice President and Chief Financial Officer
- $425,000 (dollar_amount) — Annual base salary for new CFO
- August 5, 2024 (date) — Effective date of CFO appointment
- August 2, 2024 (date) — Date of report
FAQ
Who has been appointed as the new Senior Vice President and Chief Financial Officer of Albany International Corp.?
Kevin M. McCurdy has been appointed as the new Senior Vice President and Chief Financial Officer.
When is Kevin M. McCurdy's appointment as CFO effective?
The appointment is effective August 5, 2024.
What was Kevin M. McCurdy's previous role at Albany International Corp.?
Kevin M. McCurdy previously served as the company's Vice President of Finance and Corporate Controller.
What is the annual base salary for the new CFO?
The annual base salary for Kevin M. McCurdy is $425,000.
What is the date of this Form 8-K filing?
The date of this Form 8-K filing is August 2, 2024.
Filing Stats: 546 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-08-05 08:55:01
Key Financial Figures
- $0.001 — hich registered Class A Common Stock, $0.001 par value per share AIN The New York
Filing Documents
- ain-20240802.htm (8-K) — 29KB
- ain-20240802xex991.htm (EX-99.1) — 8KB
- ain-20240802xex992.htm (EX-99.2) — 8KB
- image.jpg (GRAPHIC) — 29KB
- 0000819793-24-000045.txt ( ) — 242KB
- ain-20240802.xsd (EX-101.SCH) — 3KB
- ain-20240802_def.xml (EX-101.DEF) — 14KB
- ain-20240802_lab.xml (EX-101.LAB) — 26KB
- ain-20240802_pre.xml (EX-101.PRE) — 15KB
- ain-20240802_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibit is being furnished herewith: 99.1 Press release dated August 2, 2024. 99.2 Summary of Stone compensation terms. 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: August 5, 2024 EXHIBIT INDEX Exhibit No. Description 99.1 Press release dated August 2, 2024. 99.2 Summary of Stone compensation terms. 104 Inline XBRL cover page.