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) August 27, 2007
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 news 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/ Michael C. Nahl
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Name: Michael C. Nahl
Title: Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
Date: August 27, 2007
Exhibit 99.1
ALBANY INTERNATIONAL ANNOUNCES MANAGEMENT CHANGE
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Albany, New York, August 27, 2007 - Albany International Corp. (NYSE:AIN)
today announced that the Company has been informed by John C. Standish of his
intention to resign his position as Senior Vice President-Manufacturing,
Americas Business Corridor, effective January 31, 2008, in order to focus on his
duties as an Albany International Director and his new role as Chairman of the
J.S. Standish Company. The J.S. Standish Company is a corporation which controls
approximately 3.03% of the outstanding Class A Common Stock of Albany
International. J. Spencer Standish, Chairman Emeritus of Albany International,
holds the power to elect all of the directors of the J.S. Standish Company. In
addition to John Standish, current Albany International directors Christine L.
Standish and Thomas R. Beecher, Jr. are also directors of the J.S. Standish
Company.
Mr. Standish is announcing his intent well in advance of his departure
date in order to ensure a seamless transition.
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, with plants
strategically located to serve its global customers. Additional information
about the Company and its businesses and products is available at
www.albint.com.