17 unchanged sentences
William Higgins /s/ Stephen M.
−Removed: Nolan /s/ David M.
+Added: Nolan /s/ Elisabeth Indriani
William Higgins
+Added: Elisabeth Indriani
President and
50 unchanged sentences
_______________________
−Removed: (1) Does not include 31,718, 17,706, and 48,117 shares that may be issued pursuant to 2018, 2019 and 2020, respectively, performance incentive awards granted to certain executive officers pursuant to the 2017 Incentive Plan.
+Added: (1) Does not include 20,306, 58,938, and 64,110 shares that may be issued pursuant to 2019, 2020 and 2021, respectively, performance incentive awards granted to certain executive officers pursuant to the 2017 Incentive Plan, nor 6,285 shares that may be awarded as performance retention bonus under the 2017 Incentive Plan.
Such awards are not “exercisable,” but will be paid out to the recipients in accordance with their terms, subject to certain conditions.
14 unchanged sentences
The Plan awards (including those set forth in column (c) above) would be 968,278.
−Removed: (5) The Directors’ Annual Retainer Plan provides that the aggregate dollar amount of the annual retainer payable for service as a member of the Company’s Board of Directors is $175,000, $105,000 of which is required to
−Removed: be paid in shares of Class A Common Stock, the total number of shares to be paid to each Director each year shall be determined by the closing price of a share of such stock on the day of the Annual Meeting at which the election of directors for such year occurs ("the Valuation Price"), as such Valuation Price is reported for such day in the Wall Street Journal, rounded down to the nearest whole number.
+Added: (5) The Directors’ Annual Retainer Plan provides that the aggregate dollar amount of the annual retainer payable for service as a member of the Company’s Board of Directors is $180,000, $105,000 of which is required to be paid in shares of Class A Common Stock, the total number of shares to be paid to each Director each year shall be determined by the closing price of a share of such stock on the day of the Annual Meeting at which the election of directors for such year occurs ("the Valuation Price"), as such Valuation Price is reported for such day in the Wall Street Journal, rounded down to the nearest whole number.
Directors are expected to hold shares with a value of $540,000 or three times the value of the annual retainer.
4 unchanged sentences
PRINCIPAL ACCOUNTANT FEES AND SERVICES
+Added: Our independent registered public accounting firm is KPMG LLP, Albany, NY, Auditor Firm ID:
The information required by this item is set forth in the section captioned “Independent Auditors” in the Company’s 2022 Proxy Statement is incorporated herein by reference.
7 unchanged sentences
Bylaws of Company
+Added: 4.1 Description of the Company's securities registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended.
Article IV of Certificate of Incorporation of Company
3 unchanged sentences
Restricted Stock Units
−Removed: 2011 Performance Phantom Stock Plan as adopted on May 26, 2011
2003 Restricted Stock Unit Plan, as amended May 7, 2008
+Added: 2011 Performance Phantom Stock Plan as adopted on May 26, 2011
Form of Restricted Stock Unit Award for units granted on August 28, 2018
2 unchanged sentences
Form of 2011 Performance Stock Bonus agreement
+Added: 10(l)(xv) Form of 2021 Restricted Stock Unit Award Agreement
Stock Options
1 unchanged sentence
1998 Stock Option Plan, as amended and restated as of August 7, 2003
+Added: Executive Compensation
2011 Incentive Plan
1 unchanged sentence
Form of 2011 Multi-Year Performance Bonus Agreement
−Removed: Executive Compensation
+Added: 10(m)(xix) Form of 2021 Multi-year Performance Bonus Agreement
10(l)(viii) Form of Severance Agreement between the Company and certain corporate officers or key executives
1 unchanged sentence
2017 Incentive Plan
−Removed: Form of Incentive Award, dated April 1, 2019, between the Company and Stephen M.
−Removed: Form of Sign on Bonus Agreement, dated November 4,2019, between the Company and Greg Harwell
Incorporated by Reference
3 unchanged sentences
Period Ending
+Added: Form of Incentive Award, dated April 1, 2019, between the Company and Stephen M.
+Added: Form of Sign on Bonus Agreement, dated November 4,2019, between the Company and Greg Harwell
Form of Retention Bonus Agreement, dated January 21, 2020, between the Company and Stephen M.
+Added: 10(n)(vi) Form of 2021 Annual Performance Bonus Agreement
Directors’ Annual Retainer Plan, as amended and restated as of February 23, 2018
2 unchanged sentences
Form of Indemnification Agreement
−Removed: 10(u) Employment agreement, dated March 2, 2018, between the Company and Olivier M.
−Removed: 10-Q 3/31/18 05/08/18
−Removed: 10(u) First Amendment, dated July 9, 2018, to amend the employment agreement between the Company and Olivier M.
−Removed: 10-Q 6/30/18 08/07/18
−Removed: 10(u)(ii) Second Amendment, dated March 15, 2019, to amend employment the agreement between the Company and Olivier M.
−Removed: 10-Q 3/31/19 05/01/19
−Removed: 10(u)(iii) Third Amendment, dated November 8, 2019, to amend employment the agreement between the Company and Olivier M.
−Removed: 10-K 12/31/19 02/27/20
−Removed: 10(u)(iv) Executive separation agreement, dated December 12, 2019, between the Company and Charles J.
−Removed: 10-K 12/31/19 02/27/20
−Removed: 10(u)(vi) Executive separation agreement, dated January 20, 2020, between the Company and Olivier M.
−Removed: 10-K 12/31/19 02/27/20
Employment agreement, dated January 21, 2020, between the Company and A.
5 unchanged sentences
Standish Company, dated May 28, 2019
+Added: 10.1 Fee side letter agreement between Albany International Corp.
+Added: Standish Company, Christine L.
+Added: Standish, John C.
+Added: Standish, Standish Family Holdings, LLC and J.
+Added: Spencer Standish Discretionary Trust for Christine L.
+Added: Standish, dated August 5, 2021
10.2 Amended and restated LLC operating agreement by and between Albany Engineered Composites and Safran Aerospace Composites, Inc.
52 unchanged sentences
February 25, 2022
−Removed: (Principal Accounting Officer)
+Added: Elisabeth Indriani (Principal Accounting Officer)
Chairman of the Board and Director
1 unchanged sentence
February 25, 2022
−Removed: February 25, 2021
Katharine Plourde
3 unchanged sentences
February 25, 2022
−Removed: February 25, 2021
−Removed: February 25, 2021
Michael McQuade
+Added: February 25, 2022
*By /s/ Stephen M.
9 unchanged sentences
Year ended December 31:
−Removed: 2020 (b) $ 1,719 $ 1,628 $ 1,793 $ 5,140
2021 $ 5,140 $ ( 1,299 ) $ ( 593 ) $ 3,248
+Added: 2020 (b) 1,719 1,628 1,793 5,140
2019 7,337 309 ( 5,927 ) 1,719
44 unchanged sentences
As part of our company-wide efforts to address the public health risks presented by the novel coronavirus pandemic, we will hold our Annual Meeting virtually this year.
−Removed: The Annual Meeting of the Company’s shareholders will be held virtually on Thursday, May 13, 2021 at 9:00 a.m.
+Added: The Annual Meeting of the Company’s shareholders will be held virtually on Friday, May 20, 2022 at 9:00 a.m.
Access details for the virtual meeting will be published in the Company’s 2022 Proxy filed with the Securities and Exchange Commission.
4 unchanged sentences
Trademarks and Trade Names
−Removed: INLINE, KRAFTLINE, PRINTLINE, HYDROCROSS, SEAM HYDROCROSS, HYDROMAX, SEAMPLANE, Seam KMX, SPRING, VENTABELT EVM, VENTABELT XTS, VENTABELT XTR, TRANSBELT GX, TRANSBELT GXM, SPIRALTOP, AEROPULSE, AEROPOINT, DURASPIRAL, TOPSTAT, SUPRASTAT, PROVANTAGE, PROVANTAGE LC, PACKLINE, PACKTEX, PROLUX, KRAFTEX, FIBRETEX, ULTRA XT, DYNATEX, Aeroclean, SpiralRun, X-COR, K-COR, NOVALACE, DEXWIN, TWINCONE, FILAWIN, AIRSTRUT, and CARBON-24 are all trade names of Albany International Corp.
+Added: INLINE, KRAFTLINE, PRINTLINE, HYDROCROSS, SEAM HYDROCROSS, HYDROMAX, SEAMPLANE, SEAM KMX, SPRING, VENTABELT EVM, VENTABELT XTS, VENTABELT XTR, TRANSBELT GX, TRANSBELT GXM, SPIRALTOP, AEROPULSE, AEROPOINT, DURASPIRAL, TOPSTAT, SUPRASTAT, PROVANTAGE, PROVANTAGE LC, PACKLINE, PACKTEX, PROLUX, KRAFTEX, FIBRETEX, ULTRA XT, DYNATEX, AEROCLEAN, SPIRALRUN, X-COR, K-COR, NOVALACE, DEXWIN, TWINCONE, FILAWIN, AIRSTRUT, SOFTLINE, and CARBON-24 are all trade names of Albany International Corp.
Directors and Officers
4 unchanged sentences
Fleet National Bank (New York Region)
−Removed: Retired – Senior Vice President,
−Removed: Director and Executive Officer, J.S.
−Removed: Standish Company
−Removed: Science and Technology, United Technologies Corp.
Kenneth Krueger 1,3
5 unchanged sentences
Michael McQuade 2
−Removed: Partner and COO, Barrantys LLC
−Removed: Vice President for Research, Carnegie Mellon University
+Added: Vice President for Research, Retired - President, Southern and Gulf Coast division,
+Added: Carnegie Mellon University Vulcan Materials Company
1 Member, Audit Committee
10 unchanged sentences
and Chief Human Resources Officer
+Added: Elisabeth Indriani Joseph M.
Vice President – Controller
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.