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 (Date of earliest event reported)                September 8, 2016

 

ALBANY INTERNATIONAL CORP.

(Exact name of registrant as specified in its charter)

 

Delaware 1-10026 14-0462060
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)

 

216 Airport Drive, Rochester, NH 03867
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code     (518) 445-2200

 

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:

 

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))

 

 

 

 

 Item 5.02 Election of Director

 

On September 8, 2016, the Board of Directors of Albany International Corp. (“Albany”) voted to elect A. William Higgins as a member of the Board. The Board also elected Mr. Higgins to the Board Compensation Committee. A copy of Albany’s news release announcing Mr. Higgins’s election is filed as Exhibit 99.1 to this report.

 

Upon his election, Mr. Higgins entered into an indemnification agreement with Albany, the form of which has been previously filed as Exhibit 10(t) to a Current Report on Form 8-K filed on April 12, 2006. 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is furnished herewith:

99.1     News Release dated September 8, 2016.

 

 

 

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
  (Principal Financial Officer)

 

Date: September 8, 2016

 

 

 

EXHIBIT INDEX

 

 

 

 

  Exhibit No.  Description

 

 

99.1

 

 

News Release, dated September 8, 2016, issued by Albany International Corp.

 

 

Exhibit 99.1


 

NEWS RELEASE

 

A. William Higgins Elected to
Albany International Corp. Board

 

 

Rochester, New Hampshire, September 8, 2016 – Albany International Corp. (NYSE:AIN) announced today that A. William Higgins has been elected to its Board of Directors.

Mr. Higgins, age 57, currently serves as a director of Kaman Corporation, a diversified aerospace and industrial distribution company, and Bristow Group Inc., a leading global industrial aviation services provider. Mr. Higgins serves as chairman of the Kaman board finance committee and is a member of the corporate governance committee. From 2008 to 2012, he served as Chairman, Chief Executive Officer and President of CIRCOR International, Inc., a global diversified supplier of fluid-control and related products and services for aerospace, energy, defense, manufacturing and other applications. Prior to 2008, he held the offices of President and Chief Operating Officer and Executive Vice President and Chief Operating Officer of CIRCOR. Before joining CIRCOR in 2005, Mr. Higgins spent thirteen years in a variety of senior management positions with Honeywell International and AlliedSignal.

Albany International Chairman Erland E. Kailbourne said, “Bill’s experience as a COO, President and then CEO and Chairman of CIRCOR, as well as his prior experience at Honeywell and Allied Signal, bring welcome added perspective on talent development, international operations and global strategic development, lean manufacturing and continuous improvement processes, and the aerospace and defense industries. He is an ideal addition to our Board, and I take great pleasure in welcoming him as a new Director.”

 

Albany International Corp.

216 Airport Dr.

Rochester, NH 03867 USA

www.albint.com

 

About Albany International Corp.

Albany International Corp. is a global advanced textiles and materials processing company, with two core businesses. Machine Clothing is the world's leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. Albany Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. Albany International is headquartered in Rochester, New Hampshire, operates 22 plants in 10 countries, employs 4,400 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com.

 

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Contacts:  
   
Investors Media
John Cozzolino Heather Kralik
518-445-2281 801-505-7001
john.cozzolino@albint.com heather.kralik@albint.com