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 (Date of earliest event reported) June 30, 2009
ALBANY INTERNATIONAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 1-10026 14-0462060
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1373 Broadway, Albany, New York 12204
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (518) 445-2200
None
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13a-4(c))
TABLE OF CONTENTS
Item 5.02 Departure of Directors or Principal Officers; Appointment of
Certain Officers; Compensation Arrangement of Certain Officers
Item 9.01 Exhibits
Item 5.02 Departure of Directors or Principal Officers; Appointment of
Certain Officers; Compensation Arrangement of Certain Officers
On June 30, 2009, the Board of Directors of Albany International Corp. elected
Michael K. Burke (a) as a Senior Vice President of the Company, effective July
8, 2009, and (b) as the Company's Chief Financial Officer, effective upon the
close of business on August 7, 2009. A copy of the Company's press release
announcing Mr. Burke's appointment is filed with this report as Exhibit 99.1.
The material terms of Mr. Burke's compensation are set forth in the document
entitled "Summary of Burke Compensation Terms" which is filed with this report
as Exhibit 99.2 and is incorporated herein by reference. The initial restricted
stock unit award agreement described in such Summary is also filed with this
report as Exhibit 10(l) (vii). The Company and Mr. Burke have also entered into
a Severance Agreement in the form attached as Exhibit 10(o) (xiii).
Item 9.01 Financial Statements and Exhibits
Exhibit 10(l) (vii) Michael Burke Restricted Stock Unit Award Agreement
(filed herewith)
Exhibit 10(o) (xiii) Severance Agreement between Albany International Corp.
and Michael Burke (filed herewith)
Exhibit 99.1 Press Release dated June 30, 2009
Exhibit 99.2 Summary of Burke Compensation Terms (filed herewith)
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/ Joseph G. Morone
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Name: Joseph G. Morone
Title: President and Chief Executive Officer
(Principal Financial Officer)
Date: July 2, 2009