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) December 1, 2007
ALBANY INTERNATIONAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-16214 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 1.01 Entry into a Material Definitive Agreement
On November 16, 2007, the Compensation Committee of the Registrant's Board of
Directors amended the Registrant's 2005 Incentive Plan (the "Incentive Plan"),
effective December 1, 2007. The purpose of the amendment was to effectuate
changes that would ensure that the Plan conforms to Section 409A of Internal
Revenue Code of 1986. A copy of this amendment is furnished as Exhibit
10(m)(xii) to this report.
Item 9.01. Financial Statements and Exhibits.
(a) Exhibits. The following exhibit is being furnished herewith:
10(m)(xii) Amendment No. 1, dated as of December 5, 2007, to the
Albany International Corp. 2005 Incentive Plan.
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/ Michael C. Nahl
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Name: Michael C. Nahl
Title: Executive Vice President and Chief
Financial Officer
(Principal Financial Officer)
Date: December 5, 2007
EXHIBIT INDEX
Exhibit No. Description
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10(m)(xii) Amendment No. 1, dated as of December 5, 2007, to the Albany
International Corp. 2005 Incentive Plan.