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) November 22, 2006
ALBANY INTERNATIONAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-16214 14-0462060
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1373 Broadway, Albany, New York 12204
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (518) 445-2200
None
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(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 8.01 Other Events
A copy of a Company press release announcing a management change is filed as
Exhibit 99.1 to this report.
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/ Christopher J. Connally
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Name: Christopher J. Connally
Title: Corporate Treasurer
Date: November 29, 2006
Exhibit 99.1
ALBANY INTERNATIONAL ANNOUNCES MANAGEMENT CHANGE
Albany, New York, November 22, 2006 - Albany International Corp.
(NYSE:AIN; PCX, FWB) announced today that Dieter Polt, Group Vice President of
Albany Door Systems and Applied Technologies, will retire from the Company on
March 1, 2007, his 64th birthday.
Mr. Polt joined Albany in 2001, after having served as CEO of Wagner GmbH,
an Albany competitor, for eight years. Since then, he has served as a Senior or
Group Vice President in charge of the Company's emerging businesses, i.e., those
in areas other than paper machine clothing and paper process belts. Managers of
these businesses will now report directly to Dr. Joseph G. Morone, President and
CEO, and Michael C. Nahl, Executive Vice President and CFO.
In announcing Mr. Polt's retirement, Dr. Morone said, "Under Dieter's
stewardship, the Company's Albany Door Systems and Applied Technologies business
segments have established their financial credibility, formed strong
professional management teams, and systematically improved their operational
efficiency, all the while laying solid foundations for future growth."
Albany International is the world's largest producer of custom-designed
paper machine fabrics and process belts that are essential to the manufacture of
paper and paperboard. In its family of businesses, Albany applies its core
competencies in advanced textiles and materials to other industries. Founded in
1895, the Company is headquartered in Albany, New York, and employs
approximately 6,100 people worldwide. The Company's plants are strategically
located to serve its global customers. Additional information about the Company
and its businesses and products is available at www.albint.com.