Albany International Corp. Announces Executive and Board Changes
Ticker: AIN · Form: 8-K · Filed: Aug 30, 2024 · CIK: 819793
| Field | Detail |
|---|---|
| Company | Albany International Corp /De/ (AIN) |
| Form Type | 8-K |
| Filed Date | Aug 30, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-composition, executive-compensation
Related Tickers: AIN
TL;DR
Albany Intl (AIN) board and execs shuffled. New faces, new pay plans.
AI Summary
Albany International Corp. announced on August 30, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific names and financial details related to these changes were not provided in this excerpt.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- ALBANY INTERNATIONAL CORP (company) — Registrant
- 0000819793-24-000057 (filing_id) — Accession Number
- 20240830 (date) — Report Date
- Delaware (jurisdiction) — State of Incorporation
- 1-10026 (company_id) — SEC File Number
- 14-0462060 (tax_id) — IRS Employer Identification No.
- 216 Airport Drive (address) — Principal Executive Offices
- Rochester (city) — Principal Executive Offices
- New Hampshire (state) — Principal Executive Offices
- 03867 (zip_code) — Principal Executive Offices
FAQ
What specific roles have been affected by the executive and director changes?
The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but does not specify the names or exact roles in the provided excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on August 30, 2024.
What is Albany International Corp.'s state of incorporation?
Albany International Corp. is incorporated in Delaware.
What is the company's principal executive office address?
The principal executive offices are located at 216 Airport Drive, Rochester, New Hampshire 03867.
What is the SIC code for Albany International Corp.?
The Standard Industrial Classification (SIC) code for Albany International Corp. is 2221, which corresponds to BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-08-30 08:16:01
Key Financial Figures
- $0.001 — hich registered Class A Common Stock, $0.001 par value per share AIN The New York
Filing Documents
- ain-20240830.htm (8-K) — 29KB
- ain-20240830xex991.htm (EX-99.1) — 10KB
- ain-20240830xex992.htm (EX-99.2) — 9KB
- image.jpg (GRAPHIC) — 29KB
- 0000819793-24-000057.txt ( ) — 246KB
- ain-20240830.xsd (EX-101.SCH) — 3KB
- ain-20240830_def.xml (EX-101.DEF) — 14KB
- ain-20240830_lab.xml (EX-101.LAB) — 26KB
- ain-20240830_pre.xml (EX-101.PRE) — 15KB
- ain-20240830_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 30, 2024. 99.2 Summary of Stein 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 30, 2024 EXHIBIT INDEX Exhibit No. Description 99.1 Press release dated August 30, 2024. 99.2 Summary of Stein compensation terms. 104 Inline XBRL cover page.