secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALAMO GROUP INC (ALG)
CIK:        0000897077
Form:       8-K
Filed at:   2026-05-19T20:11:59+00:00
Accession:  0000897077-26-000076
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alamo Group EVP Richard Raborn to retire; receives $536K separation pay
-----------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897077/000089707726000076/0000897077-26-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897077/000089707726000076/alg-20260514.htm
  HTML page:      https://secwatch.observer/filing/0000897077-26-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer