Albany International Corp 8-K, filed Jan 21, 2021
Albany International Corp (AIN)
8-K
2021-01-21
For: 2021-01-15
View Original
Added on
April 11, 2026
About this 8-K
Albany International Corp filed this 8-K on January 21, 2021, reporting on events of January 15, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: January 15, 2021
(Date of earliest event reported)
| (Exact name of registrant as specified in its charter) | ||||||||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S Employer Identification No.) | ||||||
(Address of principal executive offices) | (Zip Code) | ||||
Registrant’s telephone number, including area code 603 -330-5850
None | ||
(Former name or former address, if changed since last report.) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
The New York Stock Exchange ( | ||||||||||||||
The New York Stock Exchange ( | ||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).
¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Item 7.01 Regulation FD Disclosure
On January 15, 2021, David M. Pawlick, Vice-President, Controller of Albany International Corp. (the “Company”) and principal accounting officer, informed the Company of his decision to retire, effective September 30, 2021.
Until his successor is in place, Mr. Pawlick will continue to perform his current duties and support the Company’s search for a successor. He shall further assist in the transition process as needed once a replacement has been named, until September 30, 2021.
In exchange, he will remain an employee of the Company at his current salary until such time, and eligible for a pro-rated short-term incentive bonus for 2021 under the Company’s Annual Performance Plan, payable in or about March 2022. Upon the termination of his employment on September 30, 2021, he will receive compensation in an amount equal to one-half the value of unvested Phantom Stock units forfeited as the result of his voluntary retirement prior to age 62.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALBANY INTERNATIONAL CORP. | |||||||||||
By: | /s/ Stephen M. Nolan | ||||||||||
Name: | Stephen M. Nolan | ||||||||||
Title: | Chief Financial Officer and Treasurer | ||||||||||
(Principal Financial Officer) | |||||||||||
Date: January 21, 2021
EXHIBIT INDEX
Exhibit No. | Description | ||||||||||||||||
| 104 | Inline XBRL cover page. | ||||||||||||||||