Albany International Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Textiles
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: May 22, 2025
(Date of earliest event reported)
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The Registrant, Albany International Corp. (the “Company”), has named Sean Valashinas its Vice President – Controller and Principal Accounting Officer and appointed him Principal Accounting Officer, both effective June 9, 2025. Mr. Valashinas (age 53) joins the Company with over 30 years of accounting experience, including strategic public accounting roles. He most recently, from February 2024, served as Vice President, Accounting, Treasury, and Tax at Resonetics, a leader in advanced engineering and micro manufacturing for medical technology and life sciences. Prior to that, Mr. Valashinas worked for Standex International Corporation, a publicly traded global industrial manufacturing company providing advancements to vital industries, including electric vehicles, human health products, refrigeration, space innovation and solar technology, from 2007 to 2024, and was its Vice President, Chief Accounting Officer & Assistant Treasurer. Prior to that, Mr. Valashinas was employed by The Hershey Company, a manufacturer of confectionary and consumer snacks, as Manager, Merger & Acquisition and Special Project Accounting from 2005 to 2007, and as Plant Controller from 2002 to 2005.
Mr. Valashinas is a Certified Public Accountant, holds a Bachelor of Science in Accounting from the University of Scranton, and received an MBA with High Honors from Boston University Questrom School of Business.
A summary of Mr. Valashinas’s employment agreement and material compensation terms is attached as Exhibit 99.1, which is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
99.1 Summary of Valashinas compensation terms.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALBANY INTERNATIONAL CORP. | |||||||||||
By: | /s/ Gunnar Kleveland | ||||||||||
Name: | Gunnar Kleveland | ||||||||||
Title: | President and Chief Executive Officer | ||||||||||
| (Principal Executive Officer) | |||||||||||
Date: May 22, 2025
EXHIBIT INDEX
Exhibit No. | Description | ||||
| 99.1 | |||||
| 104 | Inline XBRL cover page. | ||||