8-K
filed May 18, 2023, 7:59 PM ET
ticker AIN
CIK 0000819793
other material
confidence high
sentiment neutral
materiality 0.40
Albany International shareholders approve elimination of Class B Common Stock
ALBANY INTERNATIONAL CORP /DE/
- Shareholders approved Second Amended and Restated Certificate of Incorporation eliminating Class B Common Stock.
- All 9 director nominees elected; votes ranged from ~24.4M to ~27.8M for.
- KPMG ratified as independent auditor with ~28.5M for, ~1.3M against.
- 2023 Long Term Incentive Plan approved (~27.0M for, ~2.3M against).
- Advisory say-on-pay approved (~29.1M for, ~0.2M against); frequency set to every year.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
ALBANY INTERNATIONAL CORP /DE/: Amended and restated certificate of incorporation to eliminate Class B Common Stock (effective 2023-05-12).
- Change
- charter amendment
- Effective
- 2023-05-12
Exact text from the filing
security holders voted to approve the adoption of the Company’s Amended and Restated Certificate of Incorporation to eliminate the Class B Common Stock
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ALBANY INTERNATIONAL CORP /DE/ shareholders approved Approval, by nonbinding vote, of executive compensation at the 2023-05-12 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-12
Exact text from the filing
In the vote to approve, by non-binding vote, executive compensation, the number of votes cast for, the number of votes cast against, the number cast as abstentions, and broker non-votes were as follows: For Against Abstain Broker Non-Votes 29,067,760 248,746 12,870 490,980
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ALBANY INTERNATIONAL CORP /DE/ shareholders approved Ratification of the appointment of KPMG LLP as the Company’s independent auditor at the 2023-05-12 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-12
Exact text from the filing
In the vote for the ratification of the appoint of KPMG LLP as the Company's independent auditor, the number of votes cast for, the number of votes cast against, the number cast as abstentions, and broker non-votes were as follows: For Against Abstain Broker Non-Votes 28,545,468 1,271,498 3,390 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ALBANY INTERNATIONAL CORP /DE/ shareholders approved Approval, by nonbinding vote, of the frequency of stockholder voting on executive compensation at the 2023-05-12 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-12
Exact text from the filing
In the vote to approve, by non-binding vote, the frequency of voting on executive compensation, the number of votes cast for and the number cast as abstentions were as follows: 1 Year 2 Years 3 Years Abstain 28,045,417 52,997 1,227,765 3,197
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ALBANY INTERNATIONAL CORP /DE/ shareholders approved Approval of the Company’s 2023 Long Term Incentive Plan at the 2023-05-12 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-12
Exact text from the filing
In the vote to approve the Company’s 2023 Long Term Incentive Plan, the number of votes cast for, the number of votes cast against, the number cast as abstentions, and broker non-votes were as follows: For Against Abstain Broker Non-Votes 27,000,149 2,320,697 8,530 490,980
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ALBANY INTERNATIONAL CORP /DE/ shareholders approved Approval of the adoption of the Second Amended and Restated Certificate of Incorporation at the 2023-05-12 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-12
Exact text from the filing
In the vote to approve the adoption of the Second Amended and Restated Certificate of Incorporation, the number of votes cast for, the number of votes cast against, the number cast as abstentions, and broker non-votes were as follows: For Against Abstain Broker Non-Votes 29,274,064 4,126 51,186 490,980
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ALBANY INTERNATIONAL CORP /DE/ shareholders approved Election of nine members of the Board of Directors at the 2023-05-12 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-12
Exact text from the filing
At the Company’s Annual Meeting of stockholders held on May 12, 2023, there were six items subject to a vote of security holders: (1) the election of nine members of the Board of Directors of the Company; (2) t he ratification of the appointment of KPMG LLP as the Company’s independent auditor, (3) the approval, by nonbinding vote, of executive compensation, (4) the approval, by nonbinding vote, of the frequency of stockholder voting on executive compensation; (5) the approval of the Company’s 2023 Long Term Incentive Plan; and (6) the approval of the adoption of the Second Amended and Restated Certificate of Incorporation.
View on SEC.gov
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