Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 18, 2020, Albany International Corp. ("the Company") announced that it
had promoted Joseph M. Gaug, formerly the Company's Associate General Counsel,
to the position of Vice President, Secretary and General Counsel, effective May
15. Mr. Gaug succeeds Charles J. Silva, who had stepped down as General Counsel
at the end of 2019. Mr. Silva has agreed to assist in the transition process as
needed, until June 30, 2020.
Mr. Gaug has been the Company's Associate General Counsel since 2006. Prior to
joining Albany, he was a Principal at McNamee, Lochner, Titus & Williams, PC, a
law firm in Albany, New York.
A summary of Mr. Gaug's material compensation terms, which is incorporated by
reference herein, is attached as Exhibit 99.1.
Item 9.01 Exhibits
Exhibit 99.1 Summary of Gaug compensation terms.
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