Albany International CORP /DE/ 8-K filings

Albany International Corp. held its annual meeting on May 10, 2024, where stockholders voted on the election of directors, ratification of the auditor, and executive compensation.

Albany International reported a 16.4% increase in revenue for the first quarter of 2024, driven by the inclusion of Heimbach and growth in Engineered Composites, while reaffirming its full-year guidance.

Albany International Corp. announced it will discontinue manufacturing operations at its Chungju, South Korea facility and transfer production to other locations by July 2024.

Albany International Corp. has granted performance-based cash and stock awards to its executives under the 2023 Incentive Plan.

Albany International announced record full-year revenues of $1.15 billion and a strong fourth quarter performance driven by the Heimbach acquisition and growth in Engineered Composites.

Albany International Corp. has elected Bonnie C. Lind to its Board of Directors and appointed John R. Scannell as Chairman, succeeding Erland Kailbourne.