Albany International (AIN) Proxy Filing summary

Executive summary

• Achieved record revenues of $1.23 billion in 2024, a 7% increase year-over-year, with strong free cash flow and a robust balance sheet supporting long-term growth strategies.

• Focused on operational execution, integration of Heimbach, and expansion in advanced composites, with continued investment in R&D and new market segments such as Advanced Air Mobility and Space.

• Corporate governance practices emphasize independent oversight, annual director elections, and high board and committee attendance rates.

• Sustainability initiatives include a 50% reduction in Scope 1 & 2 emissions by 2030, zero waste to landfill goals, and a new virtual power purchasing agreement to reduce emissions.

Voting matters and shareholder proposals

• Shareholders will vote on: election of nine directors, ratification of KPMG as independent auditor, advisory vote on executive compensation, and approval of the Employee Stock Purchase Plan.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of nine directors, eight of whom are independent; roles of CEO and Chair are separated.

• Committees (Audit, Compensation, Governance) are fully independent and have defined responsibilities for oversight, risk, and compensation.

• Annual self-evaluations and director skill assessments are conducted; director compensation is benchmarked and includes cash and equity components.