Alamo Group Inc. Director Departs; Officer Compensation Details Filed
Ticker: ALG · Form: 8-K · Filed: Mar 6, 2024 · CIK: 897077
| Field | Detail |
|---|---|
| Company | Alamo Group Inc (ALG) |
| Form Type | 8-K |
| Filed Date | Mar 6, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $450,000.00, $50,000, $800.00 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-departure, executive-compensation
Related Tickers: ALG
TL;DR
Alamo Group director McLeod is out, and officer pay details are now public.
AI Summary
Alamo Group Inc. announced on March 6, 2024, the departure of director Robert G. McLeod. The company also reported on compensatory arrangements for its officers. Specific details regarding the compensatory arrangements were filed as exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, which investors should monitor.
Risk Assessment
Risk Level: low — The filing primarily concerns a director's departure and the disclosure of compensatory arrangements, which are routine corporate events.
Key Players & Entities
- Alamo Group Inc. (company) — Registrant
- Robert G. McLeod (person) — Departing Director
- March 6, 2024 (date) — Date of Report
FAQ
Who is the departing director?
Robert G. McLeod is the director who has departed from Alamo Group Inc.
What is the date of this filing?
The date of this report is March 6, 2024.
What are the main items reported in this 8-K?
The main items reported are the departure of a director and information regarding compensatory arrangements of certain officers.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the company's principal executive office address?
The principal executive offices are located at 1627 E. Walnut, Seguin, Texas 78155.
Filing Stats: 761 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-03-06 16:21:50
Key Financial Figures
- $450,000.00 — Ms. Kamps's annual base salary will be $450,000.00 and she will receive a sign-on bonus of
- $50,000 — and she will receive a sign-on bonus of $50,000.00, subject to repayment should she lea
- $800.00 m — ted Stock Awards and be eligible for an $800.00 monthly car allowance. Ms. Kamps will ent
Filing Documents
- alg-20240306.htm (8-K) — 26KB
- ex991cfoannouncement.htm (EX-99.1) — 12KB
- logoforfilinga.jpg (GRAPHIC) — 11KB
- 0000897077-24-000033.txt ( ) — 177KB
- alg-20240306.xsd (EX-101.SCH) — 2KB
- alg-20240306_lab.xml (EX-101.LAB) — 21KB
- alg-20240306_pre.xml (EX-101.PRE) — 12KB
- alg-20240306_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibit 99.1 - Press Release dated March 6 , 2024 . Exhibit 104 - Cover Page Interactive Data File - Inline XBRL for the cover page of this Current Report on Form 8-K
SIGNATURES
SIGNATURES 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. March 6, 2024 By: /s/ Edward T. Rizzuti Edward T. Rizzuti, General Counsel & Secretary