16 unchanged sentences
Management of the Company has evaluated the changes in the Company's internal controls over financial reporting during 2025.
−Removed: Except for including the Heimbach business in our assessment of the effectiveness of the Company's internal controls over financial reporting, there were no changes in our internal control over financial reporting during our fourth fiscal quarter of 2024 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: There were no changes in our internal control over financial reporting during our fourth fiscal quarter of 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
/s/ Gunnar Kleveland
−Removed: /s/ Robert D.
+Added: /s/ Willard C.
+Added: Station /s/ Sean Valashinas
Gunnar Kleveland
+Added: Station Sean Valashinas
President and
9 unchanged sentences
securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K.
−Removed: Board of Director's authorize increase in share buy-back program
−Removed: On February 21, 2025, the Company's Board of Directors authorized the Company to repurchase shares up to $250 million (excluding any fees, commissions, taxes or other expenses related to such purchases), which replaces the 2021 authorization.
−Removed: The purchases may be made through open market purchases, privately negotiated transactions or otherwise.
−Removed: The program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company's discretion.
−Removed: The share repurchase program does not have an expiration date.
−Removed: The timing and amount of any share repurchases will be based on the Company’s liquidity, general business and market conditions, debt covenant restrictions and other factors, including alternative investment opportunities and capital structure.
The information required by Items 10, 11, 12, 13, and 14 is set forth under the headings below and when applicable is incorporated herein by reference to the Company’s 2026 Proxy Statement (“Proxy Statement”) to be filed with the SEC within 120 days after December 31, 2025 in connection with the solicitation of proxies for the Company’s 2025 annual meeting of shareholders.
19 unchanged sentences
A copy of the Code of Ethics may be obtained, without charge, by writing to:
−Removed: Investor Relations Department, Albany International Corp., 216 Airport Drive, Rochester, New Hampshire 03867.
+Added: Investor Relations Department, Albany International Corp., 325 Corporate Drive, Portsmouth, New Hampshire 03801.
Any amendment to the Code of Ethics will be disclosed by posting the amended Code of Ethics on the Company’s website.
43 unchanged sentences
PRINCIPAL ACCOUNTANT FEES AND SERVICES
−Removed: Our independent registered public accounting firm is KPMG LLP, Albany, NY, Auditor Firm ID:
+Added: Our independent registered public accounting firm is KPMG LLP, Boston, MA, Auditor Firm ID:
The information required by this item is included in Item 2, "Ratification of Independent Auditors" in the Company’s 2026 Proxy Statement and is incorporated herein by reference.
30 unchanged sentences
Incorporated by Reference
−Removed: Exhibit Description
−Removed: Filed Herewith
−Removed: Period Ending
+Added: Exhibit Description Filed Herewith Form Period Ending Filing Date
Amended and Restated Certificate of Incorporation of Company
20 unchanged sentences
10(l)(xvii) Form of 2024 Non-Employee Director Restricted Stock Unit Award Agreement
+Added: 10(l)(xviii) Form of 2025 Performance Stock Award Agreement
+Added: 10(l)(xix) Form of 2025 Restricted Stock Unit Award Agreement
Stock Options
1992 Stock Option Plan
−Removed: 1998 Stock Option Plan, as amended and restated as of August 7, 2003
+Added: 10(m)(vii) 1998 Stock Option Plan, as amended and restated as of August 7, 2003
Executive Compensation
10(m)(xix) Form of 2021 Multi-year Performance Bonus Agreement
−Removed: 10(m)(xx) Form of Special Incentive Award Agreement
Incorporated by Reference
−Removed: Exhibit Description
−Removed: Filed Herewith
−Removed: Period Ending
+Added: Exhibit Description Filed Herewith Form Period Ending Filing Date
+Added: 10(m)(xx) Form of Special Incentive Award Agreement
10(m)(xxi) Form of 2024 Multi-Year Performance Bonus Agreement
8 unchanged sentences
Form of Indemnification Agreement
−Removed: 10(u)(ix) Mutual Separation Agreement, dated August 7, 2024, between the Company and Gregory Harwell
−Removed: 10-Q 9/30/24 10/30/24
+Added: 10(u)(x) Voluntary Separation Agreement and General Release, dated May 16, 2025, between the Company and Robert Starr.
10.2 Amended and restated LLC operating agreement by and between Albany Engineered Composites and Safran Aerospace Composites, Inc.
12 unchanged sentences
12/31/25 02/27/26
−Removed: Certification of Robert D.
−Removed: Starr required pursuant to Rule 13a-14(a) or Rule 15d-14(a)
+Added: Certification of Willard C.
+Added: Station required pursuant to Rule 13a-14(a) or Rule 15d-14(a)
12/31/25 02/27/26
−Removed: Certification of Gunnar Kleveland and Robert D.
−Removed: Starr required pursuant to Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code
+Added: Certification of Gunnar Kleveland and Willard C.
+Added: Station required pursuant to Rule 13a-14(b) or Rule 15d-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code
12/31/25 02/27/26
21 unchanged sentences
ALBANY INTERNATIONAL CORP.
−Removed: By /s/ Robert D.
+Added: By /s/ Willard C.
Executive Vice President and Chief Financial Officer
4 unchanged sentences
Gunnar Kleveland (Principal Executive Officer)
−Removed: /s/ Robert D.
−Removed: Starr Executive Vice President and Chief Financial Officer February 26, 2025
−Removed: Starr (Principal Financial Officer)
+Added: /s/ Willard C.
+Added: Station Executive Vice President and Chief Financial Officer February 27, 2026
+Added: Station (Principal Financial Officer)
Vice President - Controller and Chief Accounting Officer
February 27, 2026
−Removed: Tedone (Principal Accounting Officer)
+Added: Sean Valashinas (Principal Accounting Officer)
Chairman of the Board and Director
8 unchanged sentences
* Director February 27, 2026
−Removed: *By /s/ Robert D.
+Added: *By /s/ Willard C.
Attorney-in-fact
4 unchanged sentences
Albany International Corp.
−Removed: 216 Airport Drive
−Removed: Rochester, NH 03867
−Removed: (603) 330-5850
+Added: 325 Corporate Drive
+Added: Portsmouth, NH 03801
(603) 330-5800
44 unchanged sentences
3 Member, Governance Committee
−Removed: Gunnar Kleveland Robert D.
+Added: Gunnar Kleveland Willard C.
President and Chief Executive Officer
6 unchanged sentences
Senior Vice President and Chief Technology Officer
−Removed: Tedone Joseph M.
+Added: Sean Valashinas Joseph M.
Vice President – Controller and Chief Accounting Officer
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.