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ALBANY INTERNATIONAL CORP /DE/ 8-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Albany International Corporatio

Filing date:

03/14/2025

TLDR:

Albany International Corp. accepted the resignation of John J. Tedone, its Vice President – Controller and Chief Accounting Officer, effective March 20, 2025, and Robert Starr will assume the role of Principal Accounting Officer on an interim basis.

ELI5:

The person in charge of accounting at Albany International is leaving for a new job. The Chief Financial Officer will temporarily take over their responsibilities until a replacement is found.

Accession #:

0000819793-25-000014

Published on

Analyst Summary

  • John J. Tedone, Albany International Corp.’s Vice President – Controller and Chief Accounting Officer, resigned on March 10, 2025, effective March 20, 2025.
  • Tedone’s departure is not due to any issues or disagreements regarding the Company’s financial statement disclosures or accounting policies or practices.
  • Robert Starr, the Company’s Executive Vice President and Chief Financial Officer, will assume the role of Principal Accounting Officer on an interim basis until a successor is named.
  • No new compensatory arrangements will be entered into with Mr. Starr in connection with his assuming the responsibilities as the Company’s interim Principal Accounting Officer.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️