---
schema_version: "secwatch.filing_event.v1"
accession: "0000819793-24-000054"
form_type: "8-K/A"
ticker: "AIN"
cik: "0000819793"
company_name: "ALBANY INTERNATIONAL CORP /DE/"
filed_at: "2024-08-12T23:59:59+00:00"
generated_at: "2026-05-31T10:14:33.022626+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AEC President Gregory Harwell departs; severance of 2x salary plus bonus disclosed

## Summary
- Harwell to receive 2x base salary over 24 months and $392,843 target bonus.
- 50% of unvested RSUs and 50% of 2023 special incentive award will accelerate.
- Christopher E. Stone appointed as AEC President, effective August 12, 2024.
- Separation contingent on general release of claims and restrictive covenants.

## SEC filing metadata
- accession: 0000819793-24-000054
- form_type: 8-K/A
- ticker: AIN
- cik: 0000819793
- company_name: ALBANY INTERNATIONAL CORP /DE/
- filed_at: 2024-08-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/819793/000081979324000054/0000819793-24-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/819793/000081979324000054/ain-20240802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000819793-24-000054
- JSON: https://secwatch.observer/filing/0000819793-24-000054.json
- Plain text: https://secwatch.observer/filing/0000819793-24-000054.txt

## Key facts
- Executive change
  Gregory Harwell departed as President of the Albany Engineered Composites business segment at ALBANY INTERNATIONAL CORP /DE/.
  - Action: departed
  - Role: President of the Albany Engineered Composites business segment
  source text: On August 7, 2024, Albany International Corp. (“the Company”) entered into Mutual Separation Agreement and General Release with Gregory Harwell, the former President of the Company’s Albany Engineered Composites (“AEC”) business segment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/819793/000081979324000054/0000819793-24-000054-index.htm
- Executive change
  Christopher E. Stone was appointed as President of the Company’s AEC business segment at ALBANY INTERNATIONAL CORP /DE/.
  - Action: appointed
  - Role: President of the Company’s AEC business segment
  source text: As previously disclosed, Christopher E. Stone has been appointed President of the Company’s AEC business segment, and elected an officer of the Company, effective August 12, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/819793/000081979324000054/0000819793-24-000054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.