8-K filed March 30, 2023, 7:59 PM ET ticker AIN CIK 0000819793

leadership confidence high sentiment neutral materiality 0.60

Albany International names new CFO and controller; reaffirms 2023 guidance

ALBANY INTERNATIONAL CORP /DE/

Robert Starr named CFO effective April 10, 2023, succeeding Stephen Nolan.
Controller Elisabeth Indriani leaving; Jay Tedone appointed VP-Controller and CAO effective May 1, 2023.
Indriani to receive 24 months salary, pro-rata bonus, and compensation for forfeited phantom stock units.
Company reaffirms FY2023 guidance: revenue $1.01-1.05B, GAAP/Adjusted EPS $3.10-3.60.
Tedone's compensation: base salary $310k, target bonus 35% of base, long-term incentive under phantom stock plan.

item 2.02 item 7.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John (“Jay”) J. Tedone

Vice President – Controller and chief accounting officer

AIN · ALBANY INTERNATIONAL CORP /DE/

Effective: 2023-05-01
Filed: March 30, 2023, 7:59 PM ET

The Company has named John (“Jay”) J. Tedone, former Chief Accounting Officer of Eos Energy Enterprises, the Company’s Vice President – Controller, and appointed him chief accounting officer, both effective May 1, 2023.

Departed

Elisabeth Indriani

Controller and chief accounting officer

AIN · ALBANY INTERNATIONAL CORP /DE/

Effective: 2023-05-05
Successor: John (“Jay”) J. Tedone
Filed: March 30, 2023, 7:59 PM ET

In connection with such CFO transition, Elisabeth Indriani, who joined the Company on March 31, 2021, and served as Controller and chief accounting officer since May 13, 2021, is leaving the company.

Appointed

Robert Starr

Chief Financial Officer and Treasurer

AIN · ALBANY INTERNATIONAL CORP /DE/

Effective: 2023-04-10
Filed: March 30, 2023, 7:59 PM ET

Robert Starr, former Chief Financial Officer of Fairbanks Morse Defense, has been named Chief Financial Officer and Treasurer of Albany International Corp. (“the Company”) to succeed Stephen Nolan, effective April 10, 2023.

Departed

Stephen Nolan

Chief Financial Officer

AIN · ALBANY INTERNATIONAL CORP /DE/

Effective: 2023-04-10
Successor: Robert Starr
Filed: March 30, 2023, 7:59 PM ET

Robert Starr, former Chief Financial Officer of Fairbanks Morse Defense, has been named Chief Financial Officer and Treasurer of Albany International Corp. (“the Company”) to succeed Stephen Nolan, effective April 10, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John (“Jay”) J. Tedone was named as Vice President – Controller and chief accounting officer at ALBANY INTERNATIONAL CORP /DE/.

Action: named
Role: Vice President – Controller and chief accounting officer

Exact text from the filing

The Company has named John (“Jay”) J. Tedone, former Chief Accounting Officer of Eos Energy Enterprises, the Company’s Vice President – Controller, and appointed him chief accounting officer, both effective May 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Elisabeth Indriani departed as Controller and chief accounting officer at ALBANY INTERNATIONAL CORP /DE/.

Action: leaving
Role: Controller and chief accounting officer

Exact text from the filing

In connection with such CFO transition, Elisabeth Indriani, who joined the Company on March 31, 2021, and served as Controller and chief accounting officer since May 13, 2021, is leaving the company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert Starr was named as Chief Financial Officer and Treasurer at ALBANY INTERNATIONAL CORP /DE/.

Action: named
Role: Chief Financial Officer and Treasurer

Exact text from the filing

Robert Starr, former Chief Financial Officer of Fairbanks Morse Defense, has been named Chief Financial Officer and Treasurer of Albany International Corp. (“the Company”) to succeed Stephen Nolan, effective April 10, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Nolan departed as Chief Financial Officer at ALBANY INTERNATIONAL CORP /DE/.

Action: succeeded
Role: Chief Financial Officer

Exact text from the filing

Robert Starr, former Chief Financial Officer of Fairbanks Morse Defense, has been named Chief Financial Officer and Treasurer of Albany International Corp. (“the Company”) to succeed Stephen Nolan, effective April 10, 2023.

View on SEC.gov

ALBANY INTERNATIONAL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000819793-23-000032

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