Business Context and Reporting Period
This Form 8-K Current Report was filed by Albany International Corp. on August 31, 2026. The filing addresses a significant change in executive leadership regarding the Chief Financial Officer (CFO) role.
Key Financial Metrics
This filing is a current report regarding corporate governance and personnel changes. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. No financial metrics are reported in this document.
Material Changes
- Departure of CFO: Willard Station, the Company's Chief Financial Officer and principal financial officer, commenced a medical leave of absence effective August 31, 2026. The duration of this leave is currently undetermined.
- Appointment of Acting CFO: Sean Valashinas, the Company's Controller and Chief Accounting Officer, was appointed as the acting principal financial officer effective August 31, 2026.
- Compensation: There are no changes to Mr. Valashinas' compensation terms associated with this appointment.
Outlook, Risks, and Management Commentary
The filing includes a Regulation FD disclosure referencing a press release (Exhibit 99.1) detailing the leadership transition. The Company notes that Mr. Valashinas brings significant experience, having served as Controller since June 2025 and previously holding senior accounting and treasury roles at Resonetics and Standex International Corporation. No specific financial outlook, risks, or contingencies are disclosed in this text.
Investor Verification Checklist
- Verify the expected duration of Willard Station's medical leave of absence.
- Confirm if a permanent replacement for the CFO role will be sought or if the acting role is intended to be long-term.
- Review the attached press release (Exhibit 99.1) for any additional context on the transition plan.
- Monitor upcoming quarterly filings (10-Q) for any impact on financial reporting timelines or internal controls due to the leadership change.