secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0000819793-23-000023
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International CFO Nolan resigns; Starr named successor effective April 10
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- CFO Stephen Nolan resigns effective April 7, 2023, to join a private company; not related to financial disagreements.
- Robert D. Starr, former CFO of Fairbanks Morse Defense, appointed CFO and Treasurer effective April 10, 2023.
- Starr's initial base salary $570,000; eligible for short-term incentive target of 70% of base and long-term grants.
- Starr has over 30 years experience, including as EVP/CFO of Kaman Corporation from 2013 to 2021.
- Nolan served as CFO since April 2019; departure described as voluntary with strong balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979323000023/0000819793-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979323000023/ain-20230323.htm
  HTML page:      https://secwatch.observer/filing/0000819793-23-000023

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