1 unchanged sentence
and its subsidiaries on a consolidated basis.
−Removed: The Company is a leader in the design and manufacture of high quality agricultural equipment and infrastructure maintenance equipment for governmental and industrial use.
−Removed: The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, forestry and tree maintenance equipment, snow removal equipment, leaf collection equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts.
+Added: The Company is a leader in the design, manufacture and servicing of high quality vegetation management and infrastructure maintenance equipment for governmental, industrial and agricultural use.
+Added: The Company’s products include tractor mounted and self-propelled mowers, zero-turn mowers, agricultural implements, tree and branch chippers, forestry/wood recycling equipment, street and parking lot sweepers, leaf and debris collection equipment, pothole patchers, vacuum trucks, hydro-excavation equipment, telescopic boom excavators, and snow removal equipment .
The Company emphasizes high quality, cost-effective products for its customers and strives to develop and market innovative products while constantly monitoring and seeking to contain its manufacturing and overhead costs.
14 unchanged sentences
The addition of M&W Gear Company (“M&W”) in early 1995 allowed the Company to enter into the manufacturing and distribution of tillage equipment, which complements the Rhino distribution network.
−Removed: M&W is part of the agricultural marketing group.
+Added: M&W is part of the vegetation management marketing group.
In 1991, the Company began its international expansion with the acquisition of McConnel Ltd .
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This acquisition, along with the acquisitions of Forges Gorce (" Forges Gorce "), a flail blade manufacturer in France, in 1996 and Rousseau Holdings S.A.
−Removed: (“ Rousseau ”), a leading French manufacturer of hedge and verge mowers, in 2004, when combined with McConnel and Bomford, has made the Company one of the largest manufacturers in the European market for the kind of equipment sold by the Company.
+Added: (“ Rousseau ”), a leading French manufacturer of hedge and verge mowers, in 2004, when combined with McConnel and Bomford, has made the Company one of the largest manufacturers in the European market for the kind of vegetation management equipment sold by the Company.
In 1995, the Company expanded its business in the agricultural market with the acquisition of Herschel Corporation (“Herschel”) , a manufacturer and distributor of aftermarket farm equipment replacement and wear parts.
13 unchanged sentences
It also expanded the Company’s range of large, heavy-duty rotary mowers.
−Removed: In 2001, the Company acquired all of the assets of SMC Corporation (“SMC”).
−Removed: SMC manufactures front-end loaders and backhoes principally for Original Equipment Manufacturer (“OEM”) customers and its own SMC brand.
−Removed: This acquisition expanded the product range of our agricultural division and has since been consolidated into the Company's Gibson City, Illinois location under the RhinoAg brand.
In 2002, the Company purchased inventory, fixed assets and certain other assets of Valu-Bilt Tractor Parts (“Valu-Bilt”) , a subsidiary of Quality Stores, Inc., located in Des Moines, Iowa.
6 unchanged sentences
Gradall is a leading manufacturer of both wheeled and crawler telescopic excavators in North America.
−Removed: This acquisition enhanced our Industrial Division product offering sold to governmental buyers and related contractors for maintenance along right-of-ways.
+Added: This acquisition enhanced our Industrial Equipment Division product offering sold to governmental buyers and related contractors for maintenance along right-of-ways.
In 2006, the Company purchased the vacuum truck and sweeper lines of Clean Earth Environmental Group, LLC and Clean Earth Kentucky, LLC (collectively referred to as “VacAll” ) .
8 unchanged sentences
The acquisition broadened the Company’s product offering to our customers in Europe and other markets we serve.
−Removed: In 2009, the Company acquired substantially all the assets of Bush Hog, LLC (“Bush Hog”) , a leading agricultural equipment manufacturer of rotary cutters, finishing mowers, zero turn radius mowers, front-end loaders, backhoes, landscape equipment and a variety of other implements.
−Removed: This acquisition, combined with the Company’s existing range of agricultural mowers, created one of the largest manufacturers of agricultural mowers in the world.
+Added: In 2009, the Company acquired substantially all the assets of Bush Hog, LLC (“Bush Hog”) , a leading manufacturer of rotary cutters, finishing mowers, zero turn radius mowers, front-end loaders, backhoes, landscape equipment and a variety of other implements.
+Added: This acquisition, combined with the Company’s existing range of rotary mowers, created one of the largest manufacturers of rotary mowers in the world.
In 2011, the Company acquired substantially all of the assets and assumed certain specified liabilities of Tenco Group, Inc.
13 unchanged sentences
The Kellands operations were consolidated into the Company's Salford Priors facility and its products are sold under the McConnel brand name.
−Removed: In 2014, the Company acquired Fieldquip Australia PTY LTD ( "Fieldquip" ), a manufacturer of rotary cutters as well as a distributor of various agricultural products.
−Removed: This acquisition allowed the Company to broaden its presence in both the manufacturing and distribution of agricultural machinery in Australia.
+Added: In 2014, the Company acquired Fieldquip Australia PTY LTD ( "Fieldquip" ), a manufacturer of rotary cutters as well as a distributor of various lifestyle products.
+Added: This acquisition allowed the Company to broaden its presence in both the manufacturing and distribution of vegetation management machinery in Australia.
In 2014, the Company acquired all of the operating units of Specialized Industries LP.
6 unchanged sentences
( "Herder" ).
−Removed: Herder is a manufacturer of flail mowers and other agricultural implements which are sold direct and through dealers to a wide variety of agricultural markets as well as the roadside maintenance market.
+Added: Herder is a manufacturer of flail mowers which are sold direct and through dealers to a wide variety of agricultural markets as well as the roadside maintenance market.
This acquisition allowed the Company to establish a presence in Brazil, one of the largest agricultural markets in the world.
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( "Santa Izabel" ).
−Removed: Santa Izabel designs, manufactures and markets a variety of agricultural implements and trailers sold throughout Brazil.
+Added: Santa Izabel designs, manufactures and markets a variety of agricultural implements and sugar cane trailers sold throughout Brazil.
This acquisition, along with our existing Herder operation in Brazil, augmented our product portfolio and improved our manufacturing capabilities in one of the world's largest agricultural markets.
6 unchanged sentences
RPM primarily sells to governmental agencies, related contractors, airports and other industrial users.
−Removed: This acquisition complemented our existing range of snow removal products with RPM's
−Removed: range of heavy duty snow removal equipment, including their line of mechanical snow blowers.
+Added: This acquisition complemented our existing range of snow removal products with RPM's range of heavy duty snow removal equipment, including their line of mechanical snow blowers.
In 2020, RPM's operations were consolidated into the Company's nearby Tenco facility and the former RPM facility in Drummondville was sold.
3 unchanged sentences
This acquisition expanded our existing platform and increased our capabilities in the European market.
+Added: Dutch Power changed its legal name to Alamo Group The Netherlands in 2021.
In 2019, the Company acquired substantially all of the assets of the Dixie Chopper ("Dixie Chopper" ) business.
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At the end of 2020, the Denis Cimaf manufacturing operations based in Roxton Falls were consolidated into the Rayco facility in Wooster, Ohio.
+Added: In 2021, the Company acquired 100% of the outstanding capital shares of Timberwolf Limited ( "Timberwolf" ) in the U.K.
+Added: Timberwolf is a leading manufacturer of a broad range of commercial wood chippers primarily serving markets in the U.K.
+Added: and the European Union.
+Added: This acquisition complements the Company's existing range of tree care products and strengthens the Company's presence in the U.K.
+Added: and European forestry and tree care markets.
Impact of COVID-19
−Removed: In March 2020, the World Health Organization declared the novel coronavirus ("COVID-19") outbreak a global pandemic.
−Removed: COVID-19 continues to spread throughout the U.S.
−Removed: and the rest of the world and has negatively impacted portions of the global economy, disrupted global supply chains, and created volatility in financial markets.
−Removed: COVID-19 caused government authorities around the world to implement stringent measures to attempt to help control the spread of the virus, including business shutdowns and curtailments, travel restrictions, prohibitions on group events and gatherings, quarantines, "shelter-in-place" and "stay-at-home" orders, curfews, social distancing, and other measures.
−Removed: The adverse global economic impact of this pandemic negatively and materially impacted our business, customers, and suppliers and caused many challenges for our business and manufacturing operations during 2020.
−Removed: The Company continues to experience negative impacts of COVID-19 on our markets and operations as well as ongoing business uncertainty.
−Removed: The full extent to which COVID-19 will adversely impact the Company’s business depends on future developments, potential new virus strains or variations, and the effectiveness of actions globally to contain or limit the spread of the virus, including the impact of vaccines.
+Added: In March 2020, the World Health Organization declared the novel coronavirus ("COVID-19" or "the pandemic") outbreak a global pandemic.
+Added: COVID-19 has had a material negative impact on public health and the global economy.
+Added: While direct impacts from the transmission of the disease have caused significant disruptions to our business, these impacts appear to be moderating at the present time.
+Added: However, the indirect effects of the pandemic, including, among other things, supply chain disruptions, input cost inflation, labor shortages and logistics challenges, all of which materially impacted our business and financial results in 2021, continue to adversely impact our business and we expect these will continue to impact us at least through the first half of 2022.
+Added: The longer term impacts of COVID-19 on our business remain uncertain and will depend on certain future developments, including the duration of the pandemic;
+Added: any adverse impact due to variants of the virus;
+Added: its impact on market demand for our products;
+Added: its impact on our employees, customers, and suppliers;
+Added: the range of government mandated restrictions and other measures;
+Added: and the success of the deployment of approved COVID-19 vaccines and therapeutic drugs and their effectiveness and rate of adoption.
Additional information regarding the impact of COVID-19 on our business can be found under Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" of this Annual Report on Form 10-K, and risks related to COVID-19 can be found under Part I, Item 1A, "Risk Factors," of this Annual Report on Form 10-K.
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Fairfield ™ , R.P.M.
−Removed: Tech ™ , Morbark ® , Rayco ® ,Denis Cimaf ® , Boxer ® , Bush Hog ® , Rhino ® , Earthmaster ® , RhinoAg ® , Dixie Chopper ® , Herschel ® , Valu-Bilt ™ , CT Farm & Country ™ , Schulte ® , Fieldquip ® , Santa Izabel ™ , McConnel ® , Bomford ® , Spearhead ™ , Twose ™ , SMA ® , Forges Gorce ™ , Faucheux ™ , Rousseau ® and trademarks (some with related designs) as well as other trademarks and trade names.
+Added: Tech ™ , Morbark ® , Rayco ® ,Denis Cimaf ® , Boxer ® , Bush Hog ® , Rhino ® , RhinoAg ® , M&W ® , Dixie Chopper ® , Herschel ® , Schulte ® , Fieldquip ® , Santa Izabel ™ , McConnel ® , Bomford ® , Spearhead ™ , Twose ™ , SMA ® , Forges Gorce ™ , Rousseau ® , Timberwolf ® , and Wolftrack ® trademarks (some with related designs) as well as other trademarks and trade names.
Products and Distribution Channels
−Removed: At the beginning of the fourth quarter of 2019, the Company began reporting operating results on the basis of two segments:
−Removed: the Industrial Division and the Agricultural Division.
−Removed: Prior to the fourth quarter of 2019, the Company had been reporting its operating results on the basis of three segments which included the Company's European Division.
−Removed: The Company's European Division was a mixture of industrial and agricultural products similar to those within our other two segments.
−Removed: We believe that by combining similar products under two reporting segments, each operating globally, we will achieve better alignment of our products along functional lines, which will allow the Company to operate more efficiently.
−Removed: Industrial Division
−Removed: Gradall produces a range of excavators based on high-pressure hydraulic telescoping booms which are sold through dealers primarily to governmental agencies and related contractors, and to a lesser extent the mining industry, steel mills and other specialty applications in the U.S.
+Added: At the beginning of the fourth quarter of 2021, the Company began reporting operating results on the basis of two new segments, namely, the Vegetation Management Division and the Industrial Equipment Division.
+Added: Prior to the fourth quarter of 2021, the Company had been reporting its operating results on the basis of two segments which were the Industrial Division and Agricultural Division.
+Added: The Vegetation Management Division includes all of the operations of the former Agricultural Division plus the mowing and forestry/tree care operations that were previously part of the former Industrial Division, including the Company's recently acquired Morbark and Dutch Power business units.
+Added: The Industrial Equipment Division includes the Company’s vocational truck business and other industrial operations such as excavators, vacuum trucks, street sweepers, and snow removal equipment.
+Added: We believe the realignment of our two divisions provides greater potential to capture synergies in cross-branding, distribution, product development, supply chain management and logistics.
+Added: The two divisions are also more balanced in scale and scope giving the Company two strong platforms for ongoing development through a mix of organic growth and
+Added: acquisitions.
+Added: Vegetation Management Division
+Added: Bush Hog and Rhino equipment is generally sold to farmers, ranchers and other end-users to clear brush, mow grass, maintain pastures and unused farmland, shred crops, till fields, and for haymaking and other applications.
+Added: Bush Hog and Rhino equipment consists principally of a comprehensive line of tractor-powered equipment, including rotary mowers, finishing mowers, flail mowers, disc mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades and replacement parts.
+Added: The equipment also includes a range of self-propelled zero turn radius mowers.
+Added: Dixie Chopper produces a wide range of commercial and high end residential zero turn ("ZT") mowers.
+Added: It sells its products through its independent dealers in the outdoor power equipment channel throughout the U.S.
+Added: Schulte equipment includes heavy-duty mechanical rotary mowers, snow blowers, rock removal equipment and related replacement parts.
+Added: Schulte serves both the agricultural and governmental markets primarily in Canada and the U.S.
+Added: It also sells some of the Company’s other product lines in its markets and some of its products through independent distributors throughout the world.
+Added: McConnel equipment principally includes a broad line of hydraulic, boom-mounted hedge and grass cutters, remote control mowers as well as other tractor attachments and implements such as cultivators, subsoilers and other implements and related replacement parts.
+Added: McConnel equipment is sold primarily in the U.K., Ireland and France and in other parts of Europe and, to a lesser extent, throughout the world, through independent dealers and distributors.
+Added: McConnel also sells a range of self-propelled sprayers and a variety of multi-drive load-carrying vehicles.
+Added: These products are sold through its existing dealer network as well as various marketing groups within the European region of the Vegetation Management Division.
+Added: Bomford equipment includes hydraulic boom-mounted hedge and hedgerow cutters, industrial grass mowers, agricultural seedbed preparation cultivators and related replacement parts.
+Added: Bomford equipment is sold to governmental agencies, contractors and agricultural end-users in the U.K., Ireland and France and, to a lesser extent, other countries in Europe, North America, Australia and Asia.
+Added: Bomford’s sales network is similar to that of McConnel in the U.K.
+Added: Spearhead manufactures a range of tractor-mounted vegetation maintenance equipment, including reach mowers, flail mowers and rotary cutters.
+Added: These products are manufactured in the Company's Salford Priors facility.
+Added: Fieldquip broadens the Company's presence in Australia.
+Added: The company sells a variety of vegetation maintenance equipment, specifically rotary mowers and tractor attachments.
+Added: Fieldquip sells to customers ranging from large agricultural and commercial operators to small farm hobbyist and residential users, as well as agricultural dealers who serve owners and operators in the turf, golf, park and airport industries and growers with orchards, vineyards and plantations in Australia and the South Pacific.
+Added: Rousseau sells hydraulic and mechanical boom mowers, primarily in France, through its own sales force and dealer distribution network mainly to agricultural and governmental markets.
+Added: These products have also been introduced into other markets outside of France.
+Added: These products are manufactured at our facility near Lyon, France.
+Added: SMA equipment includes hydraulic boom-mounted hedge and hedgerow cutters and related replacement parts.
+Added: SMA’s principal customers are French local authorities.
+Added: SMA’s product offerings include certain quick-attach boom mowers manufactured by the Company in the U.K.
+Added: to expand its presence in agricultural dealerships.
+Added: The Company consolidated its SMA operations located in Orleans, France, and production was relocated to its manufacturing facility near Lyon, France.
+Added: Forges Gorce manufactures cutting blades which are sold to some of the Company’s subsidiaries as well as to other third party customers and distributors.
+Added: Morbark manufactures a broad range of tree chippers, stump grinders, mulchers, brush cutters, flails and debarkers sold under the Morbark , Rayco , Denis Cimaf and Boxer brand names.
+Added: Its products are sold to industrial and commercial contractors mainly through a network of independent dealers and distributors and, to a lesser extent, direct sales to end-users.
+Added: Timberwolf produces a variety of commercial tree care and forestry equipment and attachments under several brand names including Timberwolf and Wolftrack .
+Added: Timberwolf sells its products primarily to commercial customers through a comprehensive network of dealers.
+Added: Alamo Industrial equipment is principally sold through independent dealers to governmental end-users, related independent contractors and, to a lesser extent, utility and other dealers serving infrastructure maintenance operators and other applications in the U.S.
and other countries.
+Added: Governmental agencies and contractors that perform services for such agencies purchase primarily hydraulically-powered, tractor - and off-road chassis mounted mowers, including boom-mounted mowers, other types of cutters and replacement parts for heavy-duty, intensive use applications, including maintenance around highway, airport, recreational and other public areas.
+Added: A portion of Alamo Industrial’s sales includes tractors, which are not manufactured by Alamo Industrial.
+Added: Tiger equipment includes heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment and replacement parts.
+Added: Tiger sells to state, county and local governmental entities and related contractors, primarily through a network of independent dealers.
+Added: Tiger’s dealer distribution network is independent of Alamo Industrial’s dealer distribution network.
+Added: A portion of Tiger’s sales includes tractors, which are not manufactured by Tiger.
+Added: Alamo Group The Netherlands produces a variety of landscape and vegetation maintenance equipment and attachments under several brand names including Herder , Conver , Roberine , and Votex .
+Added: Alamo Group The Netherlands primarily sells to contractors who perform infrastructure maintenance for governmental agencies and private landowners.
+Added: Herder and Santa Izabel give the Company a presence in the Brazilian agricultural market.
+Added: Herder manufactures and distributes flail and rotary mowers and various other agricultural equipment, direct and through dealers.
+Added: Its products are used in a wide variety of agricultural and governmental markets.
+Added: Santa Izabel designs, manufactures and markets a variety of agricultural implements, including sugar cane trailers sold throughout Brazil.
+Added: Herschel aftermarket replacement parts are sold for many types of farm equipment and tractors and certain types of mowing and construction equipment.
+Added: Herschel products include a wide range of cutting parts, plain and hard-faced replacement tillage tools, disc blades and fertilizer application components.
+Added: Herschel replacement tools and parts are sold throughout the United States, Canada and Mexico to five major customer groups:
+Added: farm equipment dealers;
+Added: fleet stores;
+Added: wholesale distributors;
+Added: and construction equipment dealers.
+Added: Valu-Bilt complements the Herschel product lines while also expanding the Company’s offering of aftermarket agricultural parts and added catalog and internet sales direct to end-users.
+Added: Industrial Equipment Division
+Added: Gradall produces a range of excavators based on high-pressure hydraulic telescoping booms which are primarily sold through dealers primarily to governmental agencies and related contractors, and to a lesser extent the mining industry, steel mills and other specialty applications in the U.S.
+Added: and other countries.
Many of these products are designed for excavation, grading, shaping and similar tasks involved in land clearing, road building or maintenance.
7 unchanged sentences
A portion of VacAll’s sales includes truck chassis which are not manufactured by the Company.
−Removed: Super Products produces truck-mounted vacuum trucks, combination sewer cleaners and hydro excavators.
+Added: Super Products produces truck-mounted vacuum machines, combination sewer cleaners and hydro excavators.
Its products are sold to municipalities, utilities and contractors through a nationwide distributor network.
6 unchanged sentences
The majority of Rivard's customers provide their own truck chassis.
−Removed: Morbark manufactures a broad range of tree chippers, stump grinders, mulchers, brush cutters, flails and debarkers sold under the Morbark , Rayco , Denis Cimaf and Boxer brand names.
−Removed: Its products are sold to industrial and commercial contractors mainly through a network of independent dealers and distributors and, to a lesser extent, direct sales to end-users.
Tenco and RPM both design and manufacture a heavy-duty line of snow removal equipment, including truck-mounted snow plows, snow blowers, dump bodies and spreaders.
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A portion of Nite-Hawk’s sales includes truck chassis which are not manufactured by Nite-Hawk .
−Removed: Alamo Industrial equipment is principally sold through independent dealers to governmental end-users, related independent contractors and, to a lesser extent, utility and other dealers serving infrastructure maintenance operators and other applications in the U.S.
−Removed: and other countries.
−Removed: Governmental agencies and contractors that perform services for such agencies purchase primarily hydraulically-powered, tractor - and off-road chassis mounted mowers, including boom-mounted mowers, other types of cutters and replacement parts for heavy-duty, intensive use applications, including maintenance around highway, airport, recreational and other public areas.
−Removed: A portion of Alamo Industrial’s sales includes tractors, which are not manufactured by Alamo Industrial.
−Removed: Tiger equipment includes heavy duty, tractor- and truck-mounted mowing and vegetation maintenance equipment and replacement parts.
−Removed: Tiger sells to state, county and local governmental entities and related contractors, primarily through a network of independent dealers.
−Removed: Tiger’s dealer distribution network is independent of Alamo Industrial’s dealer distribution network.
−Removed: A portion of Tiger’s sales includes tractors, which are not manufactured by Tiger.
−Removed: Dutch Power produces a variety of landscape and vegetation maintenance equipment and attachments under several brand names including Herder , Conver , Roberine , and Votex .
−Removed: Dutch Power primarily sells to contractors who perform infrastructure maintenance for governmental agencies and private landowners.
−Removed: Agricultural Division
−Removed: Bush Hog, Rhino and Earthmaster equipment is generally sold to farmers, ranchers and other end-users to clear brush, mow grass, maintain pastures and unused farmland, shred crops, till fields, and for haymaking and other applications.
−Removed: Bush Hog and Rhino equipment consists principally of a comprehensive line of tractor-powered equipment, including rotary mowers, finishing mowers, flail mowers, disc mowers, front-end loaders, backhoes, rotary tillers, posthole diggers, scraper blades and replacement parts.
−Removed: The equipment also includes a range of self-propelled zero turn radius mowers.
−Removed: Schulte equipment includes heavy-duty mechanical rotary mowers, snow blowers, rock removal equipment and related replacement parts.
−Removed: Schulte serves both the agricultural and governmental markets primarily in Canada and the U.S.
−Removed: It also sells some of the Company’s other product lines in its markets and some of its products through independent distributors throughout the world.
−Removed: Dixie Chopper produces a wide range of commercial and high end residential zero turn ("ZT") mowers.
−Removed: It sells its products through its independent dealers in the outdoor power equipment channel throughout the U.S.
−Removed: McConnel equipment principally includes a broad line of hydraulic, boom-mounted hedge and grass cutters, remote control mowers as well as other tractor attachments and implements such as cultivators, subsoilers and other implements and related replacement parts.
−Removed: McConnel equipment is sold primarily in the U.K., Ireland and
−Removed: France and in other parts of Europe and, to a lesser extent, throughout the world, through independent dealers and distributors.
−Removed: McConnel also sells a range of self-propelled sprayers and a variety of multi-drive load-carrying vehicles.
−Removed: These products are sold through its existing dealer network as well as various marketing groups within the European region of the Agricultural Division.
−Removed: Bomford equipment includes hydraulic boom-mounted hedge and hedgerow cutters, industrial grass mowers, agricultural seedbed preparation cultivators and related replacement parts.
−Removed: Bomford equipment is sold to governmental agencies, contractors and agricultural end-users in the U.K., Ireland and France and, to a lesser extent, other countries in Europe, North America, Australia and Asia.
−Removed: Bomford’s sales network is similar to that of McConnel in the U.K.
−Removed: Spearhead manufactures a range of tractor-mounted vegetation maintenance equipment, including reach mowers, flail mowers and rotary cutters.
−Removed: These products are manufactured in the Company's Salford Priors facility.
−Removed: Rousseau sells hydraulic and mechanical boom mowers, primarily in France, through its own sales force and dealer distribution network mainly to agricultural and governmental markets.
−Removed: These products have also been introduced into other markets outside of France.
−Removed: These products are manufactured at our facility near Lyon, France.
−Removed: SMA equipment includes hydraulic boom-mounted hedge and hedgerow cutters and related replacement parts.
−Removed: SMA’s principal customers are French local authorities.
−Removed: SMA’s product offerings include certain quick-attach boom mowers manufactured by the Company in the U.K.
−Removed: to expand its presence in agricultural dealerships.
−Removed: The Company consolidated its SMA operations located in Orleans, France, and production was relocated to its manufacturing facility near Lyon, France.
−Removed: Forges Gorce manufactures cutting blades which are sold to some of the Company’s subsidiaries as well as to other third party customers and distributors.
−Removed: Herder and Santa Izabel give the Company a presence in the Brazilian agricultural market.
−Removed: Herder manufactures and distributes flail and rotary mowers and various other agricultural equipment, direct and through dealers.
−Removed: Its products are used in a wide variety of agricultural and governmental markets.
−Removed: Santa Izabel designs, manufactures and markets a variety of agricultural implements, including sugar cane trailers sold throughout Brazil.
−Removed: Herschel/Valu-Bilt aftermarket replacement parts are sold for many types of farm equipment and tractors and certain types of mowing and construction equipment.
−Removed: Herschel products include a wide range of cutting parts, plain and hard-faced replacement tillage tools, disc blades and fertilizer application components.
−Removed: Herschel replacement tools and parts are sold throughout the United States, Canada and Mexico to five major customer groups:
−Removed: farm equipment dealers;
−Removed: fleet stores;
−Removed: wholesale distributors;
−Removed: and construction equipment dealers.
−Removed: Valu-Bilt complements the Herschel product lines while also expanding the Company’s offering of aftermarket agricultural parts and added catalog and internet sales direct to end-users.
−Removed: Fieldquip broadens the Company's presence in Australia.
−Removed: The company sells a variety of agricultural equipment, specifically rotary mowers and tractor attachments.
−Removed: Fieldquip sells to customers ranging from large agricultural and commercial operators to small farm hobbyist and residential users, as well as agricultural dealers who serve owners and operators in the turf, golf, park and airport industries and growers with orchards, vineyards and plantations in Australia and the South Pacific.
Replacement Parts
7 unchanged sentences
Amounts expended on research and development activities were approximately $11.7 million in 2021, $12.4 million in 2020 and $12.0 million in 2019.
−Removed: As a percentage of sales, research and development was approximately 1.1% in 2020, 1.1% in 2019 and 1.0% in 2018, and is expected to continue at similar levels in 2021.
+Added: As a percentage of sales, research & development was approximately 0.9% in 2021, 1.1% in 2020 and 1.1% in 2019, and is expected to continue at similar levels in 2022.
The Company’s unit sales are fairly constant quarter to quarter.
−Removed: However, replacement parts are generally higher in the second and third quarters of the year, because a substantial number of the Company’s products are used for maintenance activities such as vegetation maintenance, highway right-of-way maintenance, construction, and street and parking lot sweeping.
+Added: However, replacement part sales are generally higher in the second and third quarters of the year, because a substantial number of the Company’s products are used for maintenance activities such as vegetation maintenance, highway right-of-way maintenance, construction, and street and parking lot sweeping.
Usage of this equipment is typically lower in harsh weather.
13 unchanged sentences
The Company’s orders are subject to cancellation at any time before shipment;
−Removed: therefore, a comparison of unfilled orders from period to period is not necessarily meaningful and may not be indicative of future actual shipments.
+Added: therefore, a comparison of unfilled orders from period to period
+Added: is not necessarily meaningful and may not be indicative of future actual shipments.
No single customer or group of customers is responsible for 10% or more of the aggregate revenue of the Company or of a segment of the Company.
2 unchanged sentences
During 2021, the raw materials needed by the Company were available from a variety of sources in adequate quantities and at prevailing market prices.
−Removed: While the Company manufactures many of the parts for its products, a significant percentage of parts, including most drivelines, gearboxes, industrial engines, and hydraulic components, are purchased from outside suppliers
−Removed: which manufacture to the Company’s specifications.
+Added: While the Company manufactures many of the parts for its products, a significant percentage of parts, including most drivelines, gearboxes, industrial engines, and hydraulic components, are purchased from outside suppliers which manufacture to the Company’s specifications.
In addition, the Company, through its subsidiaries, purchases tractors and truck chassis as a number of the Company’s products are mounted and shipped with a tractor or truck chassis.
8 unchanged sentences
Environmental and Other Governmental Regulations
−Removed: Like other manufacturers, the Company is subject to a broad range of federal, state, local and foreign laws and requirements, including those concerning air emissions, discharges into waterways, and the generation, handling, storage, transportation, treatment and disposal of hazardous substances and waste materials, as well as the remediation of contamination associated with releases of hazardous substances at the Company’s facilities and off-site disposal locations, workplace safety and equal employment opportunities.
−Removed: These laws and regulations are constantly changing, and it is impossible to predict with accuracy the effect that changes to such laws and regulations may have on the Company in the future.
−Removed: Like other industrial concerns, the Company’s manufacturing operations entail the risk of noncompliance, and there can be no assurance that the Company will not incur material costs or other liabilities as a result thereof.
−Removed: Certain assets of the Company contain asbestos that may have to be remediated over time.
−Removed: The Company believes that any subsequent change in the liability associated with the asbestos removal will not have a material adverse effect on the Company’s consolidated financial position or results of operations.
−Removed: The Company is subject to various other federal, state, and local laws affecting its business, as well as a variety of regulations relating to such matters as working conditions, equal employment opportunities, and product safety.
−Removed: A variety of state laws regulate the Company’s contractual relationships with its dealers, some of which impose restrictive standards on the relationship between the Company and its dealers, including events of default, grounds for termination, non-renewal of dealer contracts, and equipment repurchase requirements.
−Removed: The Company believes it is currently in material compliance with all such applicable laws and regulations.
+Added: Like other manufacturers, the Company is subject to a broad range of federal, state, local and foreign laws, rules and regulations including those relating to climate change;
+Added: emissions to air, including Tier 4 or similar engine emission regulations;
+Added: discharges to water;
+Added: restrictions placed on water usage and water availability;
+Added: product and associated packaging;
+Added: use of certain chemicals;
+Added: restricted substances, including "conflict minerals" disclosure rules;
+Added: import and export compliance, including country of origin certification requirements;
+Added: worker and product user health and safety;
+Added: energy efficiency;
+Added: product life-cycles;
+Added: outdoor noise laws;
+Added: and the generation, use, handling, labeling, collection, management, storage, transportation, treatment, and disposal of hazardous substances, wastes, and other regulated materials.
+Added: Environmental Protection Agency ("EPA"), the California Air Resources Board ("CARB"), and similar regulators in other U.S.
+Added: states and foreign jurisdictions in which we sell our products have emission requirements setting maximum emission standards for certain equipment.
+Added: In addition to the the EPA's implementation of Tier 4 emission requirements applicable to diesel engines, China, the European Union ("EU") and and the United Kingdom also have adopted similar regulations, and similar emission regulations are also being considered in other markets in which we sell our products.
+Added: CARB continues to propose and discuss implementation of zero emissions equipment regulations that will likely create increasingly stringent requirements on exhaust and other emissions from some of the products we manufacture.
+Added: federal government, several U.S.
+Added: states, and certain international markets where we sell our products, including the EU and some EU member countries have introduced product life-cycle laws, rules, or regulations, which are intended to reduce waste and environmental and human health impact, and require manufacturers to label, collect, dispose, and recycle certain products, including some of our products, at the end of their useful life.
+Added: These include, among other laws and regulations:
+Added: (i) the Registration, Evaluation, Authorization and Restriction of Chemicals directive or similar substance level laws, rules, or regulations that require notification of use of certain chemicals, or ban or restrict the use of certain chemicals;
+Added: (ii) California Proposition 65 and other product substance restriction laws, some of which require certain labeling of products;
+Added: (iii) energy efficiency laws, rules, or regulations, which are intended to reduce the use and inefficiencies associated with energy and natural resource consumption and require specified efficiency ratings and capabilities for certain products;
+Added: (iv) conflict minerals laws, such as those contained in the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules
+Added: promulgated by the U.S.
+Added: Securities and Exchange Commission ("SEC"), which require specific procedures for the determination and disclosure of the use of certain minerals, known as "conflict minerals," which are mined from the Democratic Republic of the Congo and adjoining countries;
+Added: and (v) supply chain transparency laws and regulations addressing modern slavery and human trafficking.
+Added: The Company is also subject to various other federal, state, and local laws affecting its business, as well as a variety of regulations relating to such matters as working conditions, equal employment opportunities, and product safety, including National Highway Traffic Safety Administration reporting.
+Added: In addition, a variety of laws regulate the Company’s contractual relationships with its dealers, some of which impose restrictive standards on the relationship between the Company and its dealers, including events of default, grounds for termination, non-renewal of dealer contracts, and equipment repurchase requirements.
+Added: We believe we have maintained compliance with existing laws, rules and regulations applicable to our business and will continue to do so.
+Added: While we believe there will be some additional costs to our business as a result of the increasing level of regulation applicable to our business activities, we do not believe that the costs associated with our compliance efforts will have a material impact on our financial results.
Human Capital Resources and Management
−Removed: We recognize that the success of our Company is dependent upon the talents and dedication of our employees, and we are committed to investing in their success.
−Removed: We focus on attracting, developing and retaining a team of highly talented and motivated employees.
−Removed: We conduct regular assessments of our pay and benefit practices to help ensure that staff members are compensated fairly and competitively.
−Removed: We also devote significant resources to staff training and development, including tuition assistance for career-enhancing academic and professional programs.
−Removed: The Company provides competitive compensation and benefits.
−Removed: In addition to salaries, our compensation programs, which vary by country and region, can include annual bonuses, stock-based compensation awards, company-sponsored retirement savings plans with employee matching opportunities (or similar local retirement benefit), healthcare and insurance benefits, health savings and flexible spending accounts, paid time off, family leave, family care resources, flexible work schedules, employee assistance programs, and tuition assistance.
+Added: We recognize that the success of our Company is dependent upon the talents and dedication of our people, and we are committed to investing in their success.
+Added: Our Vice-President of Corporate Human Resources is responsible for developing and executing our human resources strategy together with our President and Chief Executive Officer and the other members of the Company's management team.
+Added: Our Chief Executive Officer and Vice-President of Human Resources regularly update our Board of Directors regarding the status of our human resources activities.
+Added: Among the key elements of our human resources strategy are the following:
+Added: Focus on Health and Safety :
Employee health and safety is of paramount importance to us.
−Removed: We believe it is our responsibility to maintain a safe and healthy workplace in each of our facilities and to make continuous improvements in this area.
+Added: We believe it is our responsibility to maintain a safe and healthy workplace in each of our locations and to make continuous improvements in this area.
We do this by embedding safety into every level of the organization as one of our core values.
+Added: Our approach is proactive and preventative.
+Added: Regular safety meetings are held at our plants on an ongoing basis.
+Added: Every location offers frequent safety training programs to all employees and leverages safety committees who conduct safety audits to identify and remove potential issues.
We ensure that safety performance is tracked, aggregated, and reviewed on an ongoing basis.
−Removed: Our corporate technical affairs and safety team collects data on recordable injury rates, serious injury rates, and near misses from each Alamo Group company, and conducts root cause analysis with corrective action to prevent future occurrences .
−Removed: This data is reviewed monthly by the executive leadership team and shared with the Company's Board of Directors on a
−Removed: quarterly basis.
−Removed: Regular safety meetings are also held at our facilities on an ongoing basis.
−Removed: With the onset of the COVID-19 pandemic in early 2020, we immediately responded by prioritizing the safety and well-being of our employees, and all of our facilities quickly adapted to the COVID-19 environment by implementing various health and safety measures including COVID-19 case tracking and quarantining where and when necessary, daily temperature checks, mandating face coverings (except where hazardous), regular facility sanitization, widely distributing hand-sanitizer, reconfiguration of workstations to allow for appropriate distancing, expanding the use of internal video meetings and installation of related technology, and implementing remote work policies, among other things.
−Removed: The Company's focus on supervisor and manager development and a culture of promoting a diverse, inclusive, and respectful workplace supports our ability to attract, engage, and retain industry-leading talent to meet our customer’s needs and sustain the Company’s growth.
−Removed: Formal welder training, apprenticeships, and local partnerships with vocational training programs, junior colleges, and high schools ensure our business units continue to attract and grow their critical manufacturing skills.
−Removed: The Company’s emphasis on our core competencies, including Leading People and Leading Change , continues to favorably impact our employee retention with below industry average annual turnover rates.
−Removed: Employee engagement and development is another important focus for the Company.
−Removed: We believe in empowering our employees to develop new ideas, create new products, processes, or services, or solve significant organizational or industry problems through continuous improvement and innovation.
−Removed: We continuously offer employees relevant training and learning opportunities for advancement and growth.
−Removed: We also recognize, value, and respect the individual differences of our employees and believe that a diverse set of backgrounds, experiences, and perspectives is crucial to our ability to continue to innovate, collaborate, and meet the needs of our global workforce and customers.
−Removed: Accordingly, we are committed to encouraging and fostering an inclusive culture where diversity and individual differences are accepted, respected, and valued, and that employees feel empowered to contribute fully to the Company's ongoing success.
+Added: Our corporate technical affairs and safety team collects data on recordable injury rates, severe injury rates, and near misses from each Alamo Group operating company, and conducts root cause analysis with corrective action plans to prevent future occurrences.
+Added: This data is reviewed monthly by the executive leadership team and shared with the Company's Board of Directors on a quarterly basis.
+Added: With the onset of the COVID-19 pandemic, we implemented, and continue to adhere to, certain rigorous and meaningful safety measures recommended by the U.S.
+Added: Centers for Disease Control and Prevention, World Health Organization, and federal, state, local, and foreign authorities that we determined were in the best interest of our employees, customers, and suppliers.
+Added: This led to the adoption of various measures including COVID-19 case tracking and quarantining where and when necessary, mandating face coverings when required by local rules and regulations (except where hazardous), regular sanitization, reconfiguration of workstations to allow for appropriate distancing, expanding the use of internal video meetings and installation of related technology, minimizing travel, and implementing remote work assignments, amongst other actions.
+Added: Employee Engagement and Talent Development :
+Added: We focus on attracting, developing, and retaining a team of highly talented and motivated employees.
+Added: Our key talent philosophy is to develop talent from within, so they are “ready now” when career opportunities arise, and when we recruit externally to select candidates with future stretch potential.
+Added: We provide all employees a wide range of professional development experiences, both formal and informal, at all stages in their careers.
+Added: Our formal offerings include tuition reimbursement, a diverse curriculum of learning programs, leadership development experiences, vocational and trade skills training, and external partnerships across the globe.
+Added: The Company's focus on supervisor and manager development and a culture of promoting a diverse, inclusive, and respectful workplace supports our ability to attract, engage, retain, and motivate industry-leading talent to meet our customer’s needs and sustain the Company’s growth.
+Added: Formal welder training, apprenticeships, and local partnerships with vocational training programs, junior colleges, and high schools ensure that our operating companies continue to attract and grow their critical manufacturing skills.
+Added: The Company’s emphasis on our core competencies, including Leading People and Leading Change, continues to favorably impact our succession planning and employee retention with below industry average annual turnover rates.
+Added: In January of 2022, we implemented The Alamo Group Learning & Development Academy, a new talent development program which focuses on building and strengthening the leadership capabilities of our management teams and also offers technical skills training for our production floor employees.
+Added: Many programs are available on-demand to
+Added: manufacturing supervisors, which offers development opportunities to those with direct oversight of the people building our products.
+Added: Training is easily accessible both to employees who work on-site as well as those who work in remote and hybrid environments.
+Added: Virtual, in-person and on-campus programs are offered to encourage cross-location and cross-functional networking and sharing of ideas that foster and support our culture of continuous improvement.
+Added: Commitment to Diversity and Inclusion :
+Added: We recognize, value, and respect the individual differences of our employees and believe that a diverse set of backgrounds, experiences, and perspectives is crucial to our ability to continue to innovate, collaborate, and meet the needs of our global workforce and customers.
+Added: Accordingly, we are committed to encouraging and fostering an inclusive culture where diversity and individual differences are accepted, respected, and valued so that employees feel empowered to contribute fully to the Company's ongoing success.
+Added: To promote diversity and inclusion in the workplace, we dedicate people and resources to promote an inclusive environment through policies and training.
+Added: We also promote our career opportunities to a wide network of organizations and job boards that can help us source diverse candidate pools.
+Added: We actively volunteer and engage in local community projects and contribute donations to charitable organizations.
+Added: We build strategies and implement tactics that will attract and maintain a diverse workforce, positively impacting the communities and markets in which our employees live and work.
+Added: Initiatives include but are not limited to increased diversity and inclusion training that increases awareness and reinforces respect in the workplace, as well as building partnerships with organizations like Women in Manufacturing and The National Diversity Council.
+Added: Compensation and Benefits :
+Added: We conduct regular assessments of our pay and benefit practices to help ensure that our people are compensated fairly and competitively.
+Added: We also devote significant resources to management and employee training and development, including tuition assistance for career-enhancing academic and professional programs.
+Added: In addition to salaries, our compensation programs, which vary by country and region, can include annual bonuses, profit sharing, stock-based compensation awards, company-sponsored retirement savings plans with employee matching opportunities (or similar local retirement benefits), healthcare and insurance benefits, dependent care and flexible savings accounts, paid time off such as vacation and holidays, sick pay, disability pay and family leave, flexible work schedules, wellness and employee assistance programs for mental health, self-improvement, legal and financial services, service anniversary awards, tuition assistance and dependent college scholarships, and discounts on products and services.
+Added: Labor Agreements:
As of December 31, 2021, we employed approximately 4,200 employees.
−Removed: In North America, the Company has collective bargaining agreements at its Gradall facility which covers 173 employees and will expire on April 11, 2021, and its Tenco facility in Canada which covered 113 employees which expired on December 31, 2020.
−Removed: The Company is currently in negotiations for a new collective bargaining agreement for the Tenco facility.
−Removed: in Canada has an agreement covering 4 employees and expires in February 1, 2025.
−Removed: Everest has a collective bargaining agreement covering 70 employees which will expire on November 30, 2023.
−Removed: The Company’s European locations, McConnel, Bomford, Spearhead, AMS-UK, SMA Faucheux, Forges Gorce, Rousseau and Rivard, have various collective bargaining agreements covering 816 employees.
+Added: the Company has a collective bargaining agreement at its Gradall plant which covers 174 employees and will expire on April 14, 2024.
+Added: In Canada the Tenco bargaining agreement covers 109 employees and expires on December 31, 2025;
+Added: RPM has an agreement covering 4 employees which expires on February 1, 2025;
+Added: and Everest has a collective bargaining agreement covering 70 employees which will expire on November 30, 2023.
+Added: In the Company’s European locations, all employees are covered by the European Works Council agreements.
+Added: McConnel, Bomford, Spearhead, AMS-UK, SMA, Faucheux, Forges Gorce, Rousseau, Rivard, and Alamo Group The Netherlands have various collective bargaining agreements covering approximately 969 employees.
The Company considers its employee relations to be satisfactory.
6 unchanged sentences
The Company also makes available through its website, via a link to the SEC’s website, statements of beneficial ownership of the Company’s equity securities filed by its directors, officers, 10% or greater shareholders, and others required to file under Section 16 of the Exchange Act.
−Removed: The Company also makes available free of charge on its website its most recent annual report on Form 10-K, its quarterly reports on Form 10-Q for the current fiscal year, its most recent proxy statement and its most recent annual report to stockholders, although in some cases these documents are not available on our site as soon as they are available on the SEC’s site.
+Added: The Company also makes available free of charge on its website its most recent annual report on Form 10-K, its quarterly reports on Form 10-Q for the current fiscal year, its most recent proxy statement and its most recent annual report to stockholders, although in some cases these documents are not available on our site as soon as
+Added: they are available on the SEC’s site.
You will need to have on your computer the Adobe Acrobat Reader ® software to view the documents, which are in PDF format.
−Removed: In addition, the Company posts on its website its Charters for its
−Removed: Audit Committee, Compensation Committee and Nominating/Corporate Governance Committee, as well as its Corporate Governance Policies and its Code of Conduct and Ethics for its directors, officers and employees.
+Added: In addition, the Company posts on its website its Charters for its Audit Committee, Compensation Committee and Nominating/Corporate Governance Committee, as well as its Corporate Governance Policies and its Code of Conduct and Ethics for its directors, officers and employees.
You can obtain a written copy of these documents, excluding exhibits, at no cost, by sending your request to the Corporate Secretary, Alamo Group Inc., 1627 E.
25 unchanged sentences
In addition, we are subject to risks and uncertainties facing the industry in general, including the following:
−Removed: • negative impacts on our business and financial results attributable to the ongoing COVID-19 pandemic which may include a softening of customer demand, operational and supply chain disruptions or other negative unanticipated effects;
+Added: • negative impacts on our business and financial results attributable to the ongoing COVID-19 pandemic which may include a softening of customer demand, operational and supply chain disruptions, input cost inflation, labor shortages, or other negative unanticipated effects;
• changes in business and political conditions and the economy in general in both domestic and international markets;
23 unchanged sentences
Name Age Position
−Removed: 68 President and Chief Executive Officer
−Removed: Malone 60 Executive Vice President and Chief Financial Officer
−Removed: Leonard 61 Executive Vice President, Alamo Group Inc.
−Removed: and Executive Vice President Alamo Group (USA) Inc., Industrial Division
−Removed: Raborn 55 Executive Vice President, Alamo Group Inc.
−Removed: and Executive Vice President Alamo Group (USA) Inc., Agricultural Division
−Removed: Wehrle 64 Vice President, Controller and Treasurer
−Removed: Rizzuti 51 Vice President, General Counsel and Secretary
+Added: Leonard 62 President and Chief Executive Officer
+Added: Wehrle 65 Executive Vice President and Chief Financial Officer
+Added: Rizzuti 52 Executive Vice President, General Counsel and Secretary
+Added: Malone 61 Executive Vice President, Chief Sustainability Officer
+Added: Raborn 56 Executive Vice President, Alamo Vegetation Management Division
+Added: Haberman 63 Executive Vice President, Alamo Industrial Equipment Division
Pollock 63 Vice President, Human Resources
Sullivan 52 Vice President, Internal Audit
−Removed: * On December 10, 2020, Mr.
−Removed: Robinson notified the Company's Board of his intention to retire as President and Chief Executive Officer by mid-year 2021 and upon the appointment of his successor
−Removed: Robinson was appointed President, Chief Executive Officer and a director of the Company on July 7, 1999.
−Removed: Robinson had previously been President of Svedala Industries, Inc., the U.S.
−Removed: subsidiary of Svedala Industries AB of Malmo, Sweden, a leading manufacturer of equipment and systems for the worldwide construction, mineral processing and materials handling industries.
−Removed: Robinson joined Svedala in 1992 when it acquired Denver Equipment Company of which he was Chairman and Chief Executive Officer.
−Removed: Malone was appointed Executive Vice President, Chief Financial Officer on January 15, 2007.
+Added: Leonard was appointed President and Chief Executive Officer of the Company in May of 2021.
+Added: Leonard was also appointed as a director of the Company in June of 2021.
+Added: Leonard joined the Company in 2011, and served as Executive Vice President of the Company's former Industrial Division from 2011 to 2021.
+Added: Leonard previously was Senior Vice President of Metso Minerals Industries Inc., a supplier of technology and services for mining, construction, power generation, automation, recycling, and pulp and paper industries.
+Added: Wehrle was appointed Executive Vice-President and Chief Financial Officer of the Company in July of 2021.
+Added: Prior to that, Mr.
+Added: Wehrle served as Vice President, Controller and Treasurer of the Company from May 2001 to July 2021.
+Added: He assumed Treasury responsibilities in May of 2018.
+Added: Previously, Mr.
+Added: Wehrle served in various accounting management capacities within the Company from 1988 to 2001.
+Added: Rizzuti was appointed Vice President, General Counsel of Alamo Group Inc.
+Added: in July of 2015, assumed the Secretary role in May of 2018 and was promoted to Executive Vice-President in November of 2021.
+Added: Prior to joining the Company, from 2010 to 2015, Mr.
+Added: Rizzuti served as Vice President, General Counsel and Secretary for Erickson Incorporated, a publicly traded aircraft manufacturing and operating company based in Portland, Oregon.
+Added: Malone was appointed Executive Vice President, Chief Sustainability Officer in July of 2021.
+Added: Malone joined the Company in 2007 and served as Executive Vice President, Chief Financial Officer from 2007 to 2021.
Prior to joining the Company, Mr.
3 unchanged sentences
and its various subsidiaries.
−Removed: Leonard joined Alamo Group in September 2011 as Executive Vice President of Alamo Group Inc.
−Removed: and Executive Vice President of Alamo Group (USA) Inc., in charge of the Industrial Division.
−Removed: Leonard previously was Senior Vice President of Metso Minerals Industries Inc., a supplier of technology and services for mining, construction, power generation, automation, recycling, and pulp and paper industries.
−Removed: Raborn was appointed Executive Vice President of Alamo Group Inc.
−Removed: effective April 6, 2015.
−Removed: Raborn is also Executive Vice President of Alamo Group (USA) Inc.
−Removed: and is in charge of the Agricultural Division.
+Added: Raborn was appointed Executive Vice President the Company's Vegetation Management Division in July of 2021.
+Added: Raborn joined the Company in 2015 and served as Executive Vice-President of the Company's former Agricultural Division from 2015 to 2021.
Prior to joining the Company, Mr.
1 unchanged sentence
ITW is one of the world's leading diversified manufacturers of specialized industrial equipment, consumables and related service business.
−Removed: Wehrle has been Vice President, Controller and Treasurer of the Company since May 2001.
−Removed: He assumed Treasury responsibilities in May of 2018.
−Removed: Prior to his appointment, Mr.
−Removed: Wehrle served in various accounting management capacities within the Company since 1988.
−Removed: Rizzuti was appointed Vice President, General Counsel of Alamo Group Inc.
−Removed: effective July 15, 2015 and assumed the Secretary role in May of 2018.
−Removed: Prior to joining the Company, Mr.
−Removed: Rizzuti previously served from 2010 to 2015 as Vice President, General Counsel and Secretary for Erickson Incorporated, a publicly traded aircraft manufacturing and operating company based in Portland, Oregon.
+Added: Haberman was appointed Executive Vice-President of the Company's Industrial Equipment Division in July of 2021.
+Added: Prior to his role as Executive Vice-President, Mr.
+Added: Haberman served as the Company's Excavation/Vacuum Truck group Vice-President from January 2020 to July 2021.
+Added: Previously, Mr.
+Added: Haberman served as President of the Company's Gradall Industries company from February of 2006 until January of 2020.
Pollock was appointed Vice President, Human Resources of Alamo Group Inc.
−Removed: effective May 3, 2018.
+Added: in May of 2018.
Pollock joined Alamo Group in June of 2013 as Vice President of Human Resources for U.S.
Prior to joining the Company, Ms.
−Removed: Pollock was previously Vice President of Human Resources with CPS Energy in San Antonio, Texas and Vice President of Strategic Initiatives for Coca-Cola Enterprises, Inc.
+Added: Pollock was Vice President of Human Resources with CPS Energy in San Antonio, Texas and Vice President of Strategic Initiatives for Coca-Cola Enterprises, Inc.
Sullivan was appointed Vice President, Internal Audit of Alamo Group Inc.
−Removed: effective May 2, 2019.
+Added: in May of 2019.
Prior to this appointment, Ms.
3 unchanged sentences
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.