secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K/A
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0000819793-24-000054
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000054/0000819793-24-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000054/ain-20240802.htm
  HTML page:      https://secwatch.observer/filing/0000819793-24-000054

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