secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0000819793-23-000032
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International names new CFO and controller; reaffirms 2023 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979323000032/0000819793-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979323000032/ain-20230330.htm
  HTML page:      https://secwatch.observer/filing/0000819793-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer