Alamo Group accelerates vesting for retiring EVP Haberman; appoints Kevin Thomas as successor

ALAMO GROUP INC

Board accelerated vesting of 2,529 restricted shares for retiring EVP Michael Haberman, effective Aug 6, 2024.
Haberman eligible for pro-rata vesting of ~87% of 1,452 PSUs (2022-2024) and ~53% of 1,335 PSUs (2023-2025).
CFO Agnes Kamps added to Supplemental Executive Retirement Plan (SERP) with 20% base salary benefit.
Kevin Thomas appointed EVP of Industrial Equipment Division, effective Aug 6, 2024, replacing Haberman.
Thomas entered change-in-control agreement at 2x salary and included in SERP with 20% base salary benefit.

item 5.02 item 8.01 item 9.01

Executive movements

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

Departed

Michael A. Haberman

Executive Vice President of the Company's Industrial Equipment Division

ALG · ALAMO GROUP INC

Effective: 2024-08-06
Filed: August 1, 2024, 7:59 PM ET

The acceleration was in relation to Mr. Haberman's August 6, 2024 retirement as Executive Vice President of the Company's Industrial Equipment Division as previously disclosed in a Current Report on Form 8-K filed with the Securities Exchange Commission (the "SEC") on June 10, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael A. Haberman retired as Executive Vice President of the Company's Industrial Equipment Division at ALAMO GROUP INC.

Action: retired
Role: Executive Vice President of the Company's Industrial Equipment Division

Exact text from the filing

The acceleration was in relation to Mr. Haberman's August 6, 2024 retirement as Executive Vice President of the Company's Industrial Equipment Division as previously disclosed in a Current Report on Form 8-K filed with the Securities Exchange Commission (the "SEC") on June 10, 2024.

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ALAMO GROUP INC filing history →

Source: SEC EDGAR

accession 0000897077-24-000098

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