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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
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FORM 8-K
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| CURRENT REPORT | ||||
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Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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| Date of Report (Date of earliest event reported) | February 16, 2012 | |||
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ALBANY INTERNATIONAL CORP. | ||||
| (Exact name of registrant as specified in its charter) | ||||
| Delaware | 1-10026 | 14-0462060 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) | ||
| 216 Airport Drive, Rochester, NH | 03867 | |||
| (Address of principal executive offices) |
(Zip Code)
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| Registrant’s telephone number, including area code (518) 445-2200 | ||||
| (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: | ||||
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c)) | |||
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On February 16, 2012, the Board of Directors of Albany International Corp. ("the Registrant") elected John B. Scannell as a new director. A copy of the Company’s news release announcing Mr. Scannell’s election is filed as Exhibit 99.1 to this report.
After his election, Mr. Scannell entered into an indemnification agreement with the Company, the form of which was previously filed as Exhibit 10(t) in a current report on Form 10-K filed on April 12, 2006.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are being furnished herewith:
99.1 News Release dated February 16, 2012 announcing election of director.
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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/ John B. Cozzolino | |
| Name: John B. Cozzolino | |
| Title: Chief Financial Officer and Treasurer |
Date: February 17, 2012
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Index to Exhibits
| Exhibit No. | Description | |
| 99.1 | News release dated February 16, 2012 |
NEWS RELEASE |
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JOHn B. Scannell Elected to Albany International
Board of Directors
ROCHESTER, New Hampshire, February 16, 2012 -- Albany International Corp. (NYSE:AIN) announced today that John R. Scannell has been elected to its Board of Directors.
Mr. Scannell is CEO of Moog Inc., a worldwide designer, manufacturer, and integrator of precision control components and systems for aerospace, defense, industrial machinery and other markets. Moog reported 2011 revenues of $2.3 billion.
Mr. Scannell began his career with Moog 22 years ago as an Engineering Manager at Moog Ireland, and has since served in a number of management positions, most recently as Chief Financial Officer from November 2007 until December 2010, when he became President and Chief Operating Officer. He was named CEO in December of 2011.
Mr. Scannell holds BS and MS degrees in electrical engineering from the University College at Cork, Ireland, and an MBA from the Harvard Business School.
Albany International Chairman Erland E. Kailbourne said, “John’s years of experience in operations, finance, and management at Moog – a critical supplier of components and systems to aerospace customers - make him an ideal addition to our Board. I take great pleasure in welcoming him as a new Director.
Joseph G. Morone, President and Chief Executive Officer, added, “John’s expertise, coupled with his perspective as an active CEO in the aerospace industry, should be of great value as the Company executes its Albany Engineered Composites growth strategy. I join Erkie in welcoming John to our Board.”
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Albany International Corp.
216 Airport Dr.
Rochester, NH 03867 USA
www.albint.com
NEWS RELEASE |
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About Albany International
Albany International Corp. is a global advanced textiles and materials processing company. Its core business is the world's leading producer of custom-designed fabrics and belts essential to the production of paper and paperboard. Albany's growth businesses extend its advanced textiles and materials capabilities into a variety of other industries, most notably aerospace composites, nonwovens, building products, and high-performance insulation and yarn. Additional information about the Company and its businesses and products is available at www.albint.com.
Contacts
| Investors | Media |
| John Cozzolino | Susan Siegel |
| 518-445-2281 | 603-330-5850 |
| john.cozzolino@albint.com | susan.siegel@albint.com |