other_material
confidence high
sentiment neutral
materiality 0.50
Alamo Group adopts deferred comp plan, replaces SERP for key officers
ALAMO GROUP INC
- Plan effective Jan 1, 2026; discretionary contributions up to 6% of base salary and bonus.
- Eligible officers include CEO R.P. Hureau, CFO A.K. Kamps, EVP K.J. Thomas.
- Contributions vest 100% after 3 years; immediately on change in control.
- Kamps and Thomas get initial credits equal to actuarial present value of their now-terminated SERP accounts.
item 5.02item 9.01