0000819793-25-000002.txt : 20250214 0000819793-25-000002.hdr.sgml : 20250214 20250214075225 ACCESSION NUMBER: 0000819793-25-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250214 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250214 DATE AS OF CHANGE: 20250214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALBANY INTERNATIONAL CORP /DE/ CENTRAL INDEX KEY: 0000819793 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 140462060 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10026 FILM NUMBER: 25623264 BUSINESS ADDRESS: STREET 1: 216 AIRPORT DRIVE CITY: ROCHESTER STATE: NH ZIP: 03867 BUSINESS PHONE: 6033305850 MAIL ADDRESS: STREET 1: 216 AIRPORT DRIVE CITY: ROCHESTER STATE: NH ZIP: 03867 FORMER COMPANY: FORMER CONFORMED NAME: ALBINT INC DATE OF NAME CHANGE: 19870924 8-K 1 ain-20250214.htm 8-K ain-20250214
216 Airport DriveRochesterNew HampshireFALSE0000819793NYSE00008197932025-02-142025-02-140000819793ain:ClassACommonStockMember2025-02-142025-02-14

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:    February 14, 2025
(Date of earliest event reported)
ALBANY INTERNATIONAL CORP.
(Exact name of registrant as specified in its charter)
Delaware
1-10026
14-0462060
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S Employer
Identification No.)
216 Airport Drive Rochester, New Hampshire
03867
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code       603-330-5850
None
(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 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Class A Common Stock, $0.001 par value per share
AIN
The New York Stock Exchange (NYSE)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).
☐    Emerging growth company
¨    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act



Item 2.05 Costs Associated with Exit or Disposal Activities

Albany International Corp. (the "Company") issued a news release on February 14, 2025 relating to its Italian subsidiary's announcement that it will initiate consultations regarding its decision to restructure and consolidate manufacturing operations by transferring production and shuttering its engineered fabrics manufacturing facility in Ballo, Italy.

The proposal is subject to local legal requirements, including notice and consultation with the representative body for local employees. Until consultations are concluded, the Company is unable reasonably to estimate the costs that it would expect to incur in connection with the proposed action. The Company will disclose the amount, type and timing of any such costs promptly after they are determined.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being furnished herewith:
99.1    News release dated February 14, 2025.




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/ Robert D. Starr
Name:
Robert D. Starr
Title:
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)
Date: February 14, 2025


EXHIBIT INDEX
Exhibit No.
Description
99.1
104
Inline XBRL cover page.



 EX-99.1 2 ain-20250214xex991.htm EX-99.1 Document

Exhibit 99.1
NEWS RELEASE                    image.jpg

Albany International Corp. Announces Plans to Consolidate Manufacturing Capacity in Italy

Rochester, N.H., February 14, 2025 – Albany International Italia Srl, an affiliate of Albany International Corp. (NYSE:AIN), announced today that it will initiate consultations with employee representatives regarding the decision to discontinue manufacturing operations at a leased facility in Ballo, Italy, and to transfer production to a facility in Merone, Italy owned by Industrie Tessili Bresciane Srl, a separate affiliate of Albany International Corp. The action is subject to local law and will be implemented in accordance with such law after consultation with the employees’ representative body.

This action will enable Albany to rationalize costs while aligning its engineered fabrics manufacturing capacity with local market demand and the needs of customers. Impacted employees will be offered transfer opportunities, or separation and outplacement assistance.

The company remains committed to the local industries it serves and will continue to provide customers with strong expertise in product application, sales and marketing, and service through the current Sales, Service & Application teams located in Italy, who will not be impacted by this action. Until consultations are concluded, the Company is unable to reasonably estimate the costs that it would expect to incur in connection with this action. Once complete, the Company will disclose the amount, type and timing of any such costs promptly after they are determined.

About Albany International Corp.

Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.
•Machine Clothing is the world’s leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications.
•Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms.

Albany International is headquartered in Rochester, New Hampshire, operates 30 facilities in 13 countries, employs approximately 5,400 people worldwide, and is listed on the New York Stock Exchange (Symbol: AIN). Additional information about the Company and its products and services can be found at www.albint.com.

Investor / Media Contact:
JC Chetnani
VP-Investor Relations and Treasurer
jc.chetnani@albint.com

# # #

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Cover Page
Feb. 14, 2025
Document Type 8-K
Entity File Number 1-10026
Entity Registrant Name ALBANY INTERNATIONAL CORP.
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 216 Airport Drive
Entity Tax Identification Number 14-0462060
Entity Address, Postal Zip Code 03867
City Area Code 603
Local Phone Number 330-5850
Entity Emerging Growth Company false
Entity Central Index Key 0000819793
Amendment Flag false
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Address, City or Town Rochester
Entity Address, State or Province NH
Document Period End Date Feb. 14, 2025
Class A Common Stock  
Trading Symbol AIN
Security Exchange Name NYSE
Title of 12(b) Security Class A Common Stock, $0.001 par value per share
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