secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001140361-21-027163
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International announces secondary offering of 1.57M Class A shares by Standish Family; two directors to resign
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- Secondary offering of 1,566,644 Class A shares by Standish Family Holdings and J.S. Standish Company; no shares sold by Albany.
- Standish Family agrees to convert all Class B shares to Class A after offering and bear offering costs.
- Christine L. Standish and Lee C. Wortham to resign from board and committees effective after offering completion.
- Standish Family held ~34.5% voting power as of July 28; offering reduces their stake.
- J.P. Morgan Securities LLC is sole underwriter; net proceeds go entirely to selling stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000114036121027163/0001140361-21-027163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000114036121027163/ny20000193x2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-027163

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