leadership
confidence high
sentiment neutral
materiality 0.45
Alamo Group EVP Richard Raborn to retire; receives $536K separation pay
ALAMO GROUP INC
- Richard Raborn, Executive Vice President of Vegetation Management Division, retiring effective May 29, 2026.
- Separation payment of $536,000 (12 months base salary) payable in installments over 12 months, subject to release.
- COBRA premium reimbursement for up to 12 months, conditional on continued eligibility and copayment.
- Unvested restricted stock (1,802 shares) and all PSUs (4,985 target) forfeited for no consideration.
- Separation not due to any disagreement with company's operations, financial reporting, or accounting practices.
item 5.02item 9.01