U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 8, 2004
(Date of earliest event reported)
ALBANY INTERNATIONAL CORP.
(Exact name of registrant as specified in its charter)
Delaware 0-16214 14-0462060
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification no.)
1373 Broadway, Albany, New York 12204
(518) 445-2200
(Address and telephone number of the registrant's principal executive offices)
Item 8.01. Other Events and Required FD Disclosure
On September 8, 2004, Albany International Corp. issued a news release
announcing the results of an arbitration in the International Court of
Arbitration of the International Chamber of Commerce relating to the termination
of certain plant leases in Italy. A copy of the press release is being filed
with this report as Exhibit 99.1.
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/ Michael C. Nahl
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Name: Michael C. Nahl
Title: Senior Vice President
and Chief Financial Officer
Date: September 8, 2004
Index to Exhibits
Exhibit Number Description of Document
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99.1 News release, dated September 8, 2004 issued by Albany
International Corp.
[LOGO] ALBANY
INTERNATIONAL
News
Release
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For additional information contact:
Kenneth C. Pulver
Vice President-Corporate Communications
(518) 445-2214
FOR IMMEDIATE RELEASE
ALBANY INTERNATIONAL WINS ARBITRATION
Albany, New York, September 8, 2004 -- Albany International Corp.
(NYSE/PSE/FWB:AIN) reported today that it had received a favorable decision in a
previously reported arbitration growing out of the acquisition of the Geschmay
group in 1999. In the arbitration, the sellers alleged that a subsidiary of
Albany had wrongfully terminated two leases entered into in connection with the
acquisition and claimed damages of approximately $19 million. The arbitrators
decided that Albany's subsidiary had a legal right to terminate the leases and
that no damages were payable. The arbitrators' decision is final and not subject
to appeal.
The arbitration, which was initially filed in February 2003, took place in
the International Court of Arbitration of the International Chamber of Commerce.
Albany International is the world's largest producer of paper machine
clothing and high-performance doors, with manufacturing plants and sales
worldwide. Additional information about the Company, and its businesses and
products, is available at www.albint.com.
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Albany International Corp.
P.O. Box 1907
Albany, New York 12201
www.albint.com