secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0000819793-25-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International to close Ballo, Italy facility, transfer production to Merone
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- Albany International Italia Srl will initiate consultations to discontinue manufacturing at Ballo, Italy.
- Production transferred to a Merone, Italy facility owned by affiliate Industrie Tessili Bresciane Srl.
- Impacted employees offered transfer, separation, or outplacement assistance; sales/service teams unaffected.
- Costs not reasonably estimable until consultations conclude; disclosure to follow when determined.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979325000002/0000819793-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979325000002/ain-20250214.htm
  HTML page:      https://secwatch.observer/filing/0000819793-25-000002

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