secwatch.observer — SEC 8-K summary
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Issuer:     ALAMO GROUP INC (ALG)
CIK:        0000897077
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0000897077-24-000033
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alamo Group CFO Richard Wehrle to retire; Agnes Kamps named successor
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- Richard J. Wehrle to retire as EVP, CFO and Treasurer on May 3, 2024, after 35 years.
- Agnes Kamps appointed EVP and Treasurer effective March 6; will become CFO upon Wehrle's retirement.
- Kamps previously CFO of Americas Styrenics and held finance roles at Siemens and United Technologies.
- Kamps receives $450K base salary, $50K sign-on bonus (repayable if leave <1 year), and 1,400 restricted stock awards.
- Eligible for Executive Incentive Plan at 60% target level and standard change-in-control agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897077/000089707724000033/0000897077-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897077/000089707724000033/alg-20240306.htm
  HTML page:      https://secwatch.observer/filing/0000897077-24-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer