Albany International appoints Merle Stein as Machine Clothing President effective Sept 1, 2024

ALBANY INTERNATIONAL CORP /DE/

Merle Stein appointed President of Machine Clothing segment, effective Sept 1, 2024; succeeds Daniel Halftermeyer.
Halftermeyer steps down to focus on Heimbach acquisition integration and ensure smooth transition.
Stein's initial base salary set at $400,000 per year, target annual bonus 60% of base salary.
Stein eligible for long-term incentives: MPP award and RSU award each targeted at 55% of base salary.
Stein, previously COO of Machine Clothing, joined Albany in 2011 and holds degrees from Auburn University.

item 5.02 item 9.01

Executive movements

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

Departed

Daniel Halftermeyer

President of Machine Clothing segment

AIN · ALBANY INTERNATIONAL CORP /DE/

Effective: 2024-09-01
Successor: Merle Stein
Filed: August 30, 2024, 7:59 PM ET

Mr. Stein, previously the Chief Operating Officer of the segment, succeeds Daniel Halftermeyer, who is stepping down from the position to focus his time and energies on driving the continued integration of the Company’s Heimbach acquisition and ensuring a successful transition to Mr. Stein.

Role change

Merle Stein

President of Machine Clothing segment

AIN · ALBANY INTERNATIONAL CORP /DE/

Effective: 2024-09-01
Filed: August 30, 2024, 7:59 PM ET

On August 30, 2024, Albany International Corp. (“the Company”) announced that Merle Stein had been appointed President of the Company’s Machine Clothing segment, and elected an officer of the Company, effective September 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Halftermeyer departed as President of Machine Clothing segment at ALBANY INTERNATIONAL CORP /DE/.

Action: stepping down
Role: President of Machine Clothing segment

Exact text from the filing

Mr. Stein, previously the Chief Operating Officer of the segment, succeeds Daniel Halftermeyer, who is stepping down from the position to focus his time and energies on driving the continued integration of the Company’s Heimbach acquisition and ensuring a successful transition to Mr. Stein.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Merle Stein was appointed as President of Machine Clothing segment at ALBANY INTERNATIONAL CORP /DE/.

Action: appointed
Role: President of Machine Clothing segment

Exact text from the filing

On August 30, 2024, Albany International Corp. (“the Company”) announced that Merle Stein had been appointed President of the Company’s Machine Clothing segment, and elected an officer of the Company, effective September 1, 2024.

View on SEC.gov

ALBANY INTERNATIONAL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000819793-24-000057

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