secwatch.observer — SEC 8-K summary
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Issuer:     ALAMO GROUP INC (ALG)
CIK:        0000897077
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000897077-24-000098
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897077/000089707724000098/0000897077-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897077/000089707724000098/alg-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000897077-24-000098

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