secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2024-08-30T23:59:59+00:00
Accession:  0000819793-24-000057
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000057/0000819793-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000057/ain-20240830.htm
  HTML page:      https://secwatch.observer/filing/0000819793-24-000057

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