SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 11-K {X} ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 1993 OR { } TRANSITION REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 0-16214 ALBANY INTERNATIONAL CORP. PROSPERITY PLUS SAVINGS PROGRAM (TITLE OF PLAN) ALBANY INTERNATIONAL CORP. (ISSUER OF SECURITIES) 1373 BROADWAY ALBANY, NEW YORK 12204 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) 1 ITEM 4: PAGE FINANCIAL STATEMENTS Albany International Corp. Prosperity Plus 401(k) Plan Report of Independent Accountants 3 Statements of net assets available for plan benefits as of December 31, 1993 and 1992 4 Statements of changes in net assets available for plan benefits for the years ended December 31, 1993 and 1992 5 Notes to financial statements 6-14 Supplemental schedule of assets held for investment 15 Supplemental schedule of 5% transactions 16 Albany International Corp. Prosperity Plus Employee Stock Ownership Plan Report of Independent Accountants 17 Statements of net assets available for plan benefits as of December 31, 1993 and 1992 18 Statements of changes in net assets available for plan benefits for the years ended December 31, 1993 and 1992 19 Notes to financial statements 20-27 Supplemental schedule of assets held for investment 28 Supplemental schedule of 5% transactions 29-30 EXHIBITS Consent of Independent Accountants 31 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the plan) have duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized. Albany International Corp. Prosperity Plus Savings Program DATE: June 30, 1994 BY: Michael C. Nahl --------------- --------------------------- Michael C. Nahl Employee Benefits Committee 2