secwatch.observer — SEC 8-K summary
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Issuer:     ALAMO GROUP INC (ALG)
CIK:        0000897077
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0000897077-24-000065
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Alamo Group accelerates equity vesting for retiring CFO; signs consulting deal
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- Board accelerated vesting of 1,821 restricted shares for retiring CFO Richard Wehrle.
- Wehrle eligible for pro-rata PSU vesting: 78% of 1,815 (2022-2024) and 45% of 1,824 (2023-2025).
- Consulting agreement May 3–Aug 31, 2024: $15K/mo (May-Jun), $10K/mo (Jul-Aug) for financial advice.
- At annual meeting, all 8 director nominees elected; say-on-pay and KPMG ratification approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897077/000089707724000065/0000897077-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897077/000089707724000065/alg-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000897077-24-000065

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