Highest-materiality recent filing
Allient amends credit facilities to boost financial flexibility; executes $50M interest rate swap
Leverage ratio covenant increased to 4.5:1 for Q1/Q2 2025, then 4.0:1 for Q3 2025, then reverts to 3.75:1.
Allient appoints James A. Michaud as CFO effective June 3, 2024
Michaud previously SVP & CFO of Elior North America; held senior finance roles at Delaware North, Honeywell.
Allient CFO Michael Leach extends retirement to June 30, 2024; successor not yet named
CFO Michael Leach to retire, extended through June 30, 2024 for transition; no successor named.
Allient enters new $280M revolver due 2029 and $150M private shelf facility
New $280M revolving credit facility matures March 1, 2029; replaces existing $280M facility.
Allient CFO Michael Leach to retire on April 30, 2024; search for successor underway
Michael R. Leach, SVP and CFO, to retire effective April 30, 2024, after nearly nine years with Allient.
Allied Motion expands revolving credit facility by $55M to $280M
Revolver increased by $55M from $225M to $280M; maturity remains February 2025.
Acquired FPH Group Inc. (Ontario) and Transtar International, LLC (Michigan) via Share Purchase Agreement dated May 30, 2022.
Allied Motion acquires Spectrum Controls for $70M; $27M cash plus stock at close
Total purchase price $70M, less indebtedness and transaction expenses; $27M cash and 502,512 shares ($35.82/shr) paid at close.
Allied Motion acquires Alio Industries; issues ~$5M in stock as partial consideration
Acquired all outstanding membership interests of Alio Industries from Ali Holdings on Nov 4, 2021.
On May 22, 2024, Allient Inc. (the “Company”) announced the appointment of James A. Michaud as Senior Vice President and Chief Financial Officer of the Company, effective June 3, 2024.
Effective April 29, 2024, Mr. Leach has agreed to continue to serve as the Company’s principal financial officer through June 30, 2024 or until such time a successor has been named, after which he will assist with the orderly transition of his responsibilities.
On November 15, 2023, Michael R. Leach, Senior Vice President and Chief Financial Officer for Allient Inc. (the “Company”), informed the Company of his intent to retire from the Company on April 30, 2024.
On June 30, 2023, Allied Motion Technologies Inc. (the “Company”) announced that Robert P. Maida, Senior Vice President & President of Allied Innovum Group, will retire from his position effective September 30, 2023.
Max materiality 0.65 · Median 0.50 · Most common event other_material