---
schema_version: "secwatch.filing_event.v1"
accession: "0000897077-24-000098"
form_type: "8-K"
ticker: "ALG"
cik: "0000897077"
company_name: "ALAMO GROUP INC"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:10:29.837094+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000897077-24-000098
- form_type: 8-K
- ticker: ALG
- cik: 0000897077
- company_name: ALAMO GROUP INC
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/897077/000089707724000098/0000897077-24-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/897077/000089707724000098/alg-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000897077-24-000098
- JSON: https://secwatch.observer/filing/0000897077-24-000098.json
- Plain text: https://secwatch.observer/filing/0000897077-24-000098.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/897077/000089707724000098/0000897077-24-000098-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.