<SEC-DOCUMENT>0000903423-19-000174.txt : 20190402
<SEC-HEADER>0000903423-19-000174.hdr.sgml : 20190402
<ACCEPTANCE-DATETIME>20190402161535
ACCESSION NUMBER:		0000903423-19-000174
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20190329
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190402
DATE AS OF CHANGE:		20190402

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]
		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:		19724867

	BUSINESS ADDRESS:	
		STREET 1:		216 AIRPORT DRIVE
		CITY:			ROCHESTER
		STATE:			NH
		ZIP:			03867
		BUSINESS PHONE:		5184452200

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ablany8k_0401.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 16pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report: &nbsp;&nbsp;&nbsp;March 29,
2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Date of earliest event reported)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 52%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 14pt"><B>ALBANY INTERNATIONAL CORP.</B></FONT></TD>
    <TD STYLE="width: 24%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Delaware</TD>
    <TD STYLE="width: 34%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">1-10026</TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">14-0462060</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">of incorporation)</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Commission</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">File Number)</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(I.R.S Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; text-align: center">216 Airport Drive, Rochester, New Hampshire 03867</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;(518) 445-2200</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">&nbsp;(Address and telephone number of the registrant's principal executive offices)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Former name or former address, if changed since last report.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Registrant&rsquo;s telephone number, including area code &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(603)
330-5850</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">None</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Former name or former address, if changed since last report.)</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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:</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial Unicode MS,sans-serif">&#8414;</FONT>
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial Unicode MS,sans-serif">&#8414;</FONT>
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial Unicode MS,sans-serif">&#8414;</FONT>
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Arial Unicode MS,sans-serif">&#8414;</FONT>
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) of 1934 (240.12b-2 of this
chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Emerging growth company <FONT STYLE="font-family: Arial Unicode MS,sans-serif">&#8414;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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. <FONT STYLE="font-family: Arial Unicode MS,sans-serif">&#8414;</FONT></P>

<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On March 29, 2019, Albany International Corp. (the
&ldquo;Company&rdquo;) announced that Stephen Nolan, former Chief Financial Officer for Esterline Technologies Corporation,
has been named the Company&rsquo;s Chief Financial Officer and Treasurer, effective April 1. Mr. Nolan succeeds John
Cozzolino, who has served in a number of positions at the Company since 1994, and has been the Company&rsquo;s CFO and
Treasurer since 2011. Mr. Cozzolino has agreed to provide advisory assistance for a period of time as Mr. Nolan transitions
into his new duties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A copy of the Company&rsquo;s press release, dated March 29, 2019,
which sets forth other information required to be disclosed by this Item and is incorporated by reference herein, is attached as
Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A summary of Mr. Nolan&rsquo;s employment agreement and material
compensation terms, which is incorporated by reference herein, is attached as Exhibit 99.2.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A summary of the terms of the Company&rsquo;s agreement with Mr.
Cozzolino for advisory assistance, which is incorporated by reference herein, is attached as Exhibit 99.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 9.01 Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><A HREF="ablany8kex991_0401.htm">Exhibit 99.1&#9;CFO announcement dated March 29, 2019.</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><A HREF="ablany8kex992_0401.htm">Exhibit 99.2&#9;Summary of Nolan compensation terms.</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><A HREF="ablany8kex993_0401.htm">Exhibit 99.3&#9;Summary of Cozzolino advisory assistance compensation terms.</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Signature</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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.</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top"><B>ALBANY INTERNATIONAL CORP.</B></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 5%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 24%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 6%">By:</TD>
    <TD STYLE="vertical-align: top; width: 42%; border-bottom: black 1pt solid">/s/ Olivier Jarrault</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">Name: Olivier Jarrault</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top">Title: President and Chief Executive Officer</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-left: 24.2pt">(Principal Executive Officer)</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">Date:</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">April 2, 2019</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 3.7pt 0 0 5.5pt"><FONT STYLE="font-family: Sans-Serif; font-size: 9pt; color: Red"><B></B></FONT><B><FONT STYLE="font-size: 22pt; color: #999999"></FONT></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11.5pt Arial, Helvetica, Sans-Serif; margin: 0.3pt 0 0"><P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><U>Exhibit 99.1</U></P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt"></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 24pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%"><P><FONT STYLE="font-size: 24pt; color: Gray"><B>NEWS RELEASE</B></FONT></P></TD>
    <TD STYLE="width: 50%; text-align: right"><IMG SRC="image_002.jpg" ALT="">&nbsp;</TD></TR>
</TABLE>

<P><FONT STYLE="font-size: 24pt; color: Gray"><B></B></FONT></P>


<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>
</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1.3in"><B>ALBANY INTERNATIONAL ANNOUNCES NEW CFO</B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/200% Arial, Helvetica, Sans-Serif; margin: 0.2pt 12.75pt 0 5pt; text-indent: 35.95pt"><B>Rochester,
New Hampshire, March 29, 2019 &ndash; </B>Albany International Corp. (NYSE:AIN) announced today that its Board of Directors has
appointed Stephen M. Nolan as Chief Financial Officer and Treasurer to succeed John Cozzolino, effective April 1, 2019.</P>

<P STYLE="font: 11pt/200% Arial, Helvetica, Sans-Serif; margin: 0.2pt 12.75pt 0 5pt; text-indent: 35.95pt">Mr. Nolan has over
16 years of experience in operational and strategic finance, most recently serving as CFO for Esterline, where he co-led the recently
completed sale of Esterline to TransDigm Group Incorporated.</P>

<P STYLE="font: 11pt/200% Arial, Helvetica, Sans-Serif; margin: 0.2pt 12.75pt 0 5pt; text-indent: 35.95pt">Mr. Nolan had served
as CFO of Esterline since February 2018. Prior to this role, he was the Chief Financial Officer for Vista Outdoor, Inc., a publicly
traded manufacturer of outdoor sports and recreation products, and worked on the formation and spin-off of Vista Outdoor from its
aerospace and defense parent company Alliant Techsystems (ATK) in 2015, as well as the related merger between ATK and Orbital Sciences
to create Orbital ATK. Prior to that time, Mr. Nolan worked in a number of strategic and operational management roles within ATK,
including Senior Vice President for Strategy and Business Development and several business unit leadership positions. Earlier in
his career, Mr. Nolan served for five years in corporate development and strategy roles at Raytheon Company and five years as a
strategy consultant at McKinsey &amp; Company.</P>

<P STYLE="font: 11pt/200% Arial, Helvetica, Sans-Serif; margin: 0.2pt 12.75pt 0 5pt; text-indent: 35.95pt">Mr. Nolan (age 49) began
his career in engineering, designing freeway traffic management systems. He has a bachelor&rsquo;s degree in engineering from Trinity
College, the University of Dublin, a master&rsquo;s degree in civil engineering from the University of Massachusetts Amherst, and
an MBA from the Massachusetts Institute of Technology.</P>

<P STYLE="font: 11pt/200% Arial, Helvetica, Sans-Serif; margin: 0.2pt 12.75pt 0 5pt; text-indent: 35.95pt">Olivier Jarrault, Albany&rsquo;s
President and CEO, said, &quot;I am very pleased to welcome Stephen Nolan as our new CFO and Treasurer. Stephen brings extensive
experience within the aerospace and defense sector, and an impressive track record of strategic execution - most recently with
the successful sale of Esterline to TransDigm - as well as a history of success serving in senior financial and business management
roles in a number of global manufacturing environments. I am confident that his expertise
in financial and strategic planning, combined with his results-oriented business leadership skills, will be of significant value
to me and the senior management team as we all strive to achieve Albany&rsquo;s objectives.</P>


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<P STYLE="font: 11pt/200% Arial, Helvetica, Sans-Serif; margin: 0.2pt 12.75pt 0 5pt; text-indent: 35.95pt">&ldquo;As a valued member
of the Company&rsquo;s senior management team for many years, and CFO and Treasurer since 2011, John Cozzolino has played a critical
leadership role in managing the Company&rsquo;s capital structure and access to capital, overseeing investor and analyst communications,
and negotiating and facilitating the transformative strategic transactions that helped bring Albany to where it is today. On behalf
of the Company and the Board, I thank him for his significant contributions and wish him all future success in his post- Albany
career.&rdquo;</P>

<P STYLE="font: 11pt/200% Arial, Helvetica, Sans-Serif; margin: 0.35pt 4.65pt 0 5pt; text-indent: 35.95pt">Mr. Nolan said, &quot;I
am privileged to have the opportunity to join Albany as CFO and Treasurer. I look forward to reaching out to our investors, analysts
and banking partners, my new co-workers, the entire Albany organization, and the Board over the coming days to introduce myself
and establish a relationship with each of you. I am pleased to be able to join with Olivier and the other members of his management
team to continue, and to further expand, the efforts already underway to deliver greater value to our customers and increased returns
to our shareholders.&quot;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>About Albany International Corp.</B></P>

<P STYLE="font: 10.5pt Arial, Helvetica, Sans-Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/200% Arial, Helvetica, Sans-Serif; margin: 0 5.3pt 0 5pt; text-indent: 35.95pt">Albany International is a
global advanced textiles and materials processing company, with two core businesses. Machine Clothing is the world&rsquo;s leading
producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. Albany
Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. Albany International
is headquartered in Rochester, New Hampshire, operates 22 plants in 10 countries, employs 4,400 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 <FONT STYLE="color: blue"><U>www.albint.com</U></FONT>.</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 4.65pt 0 0 5pt">Contacts:</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 384.15pt 0 5pt">Heather Kralik<BR>
 801-505-7001</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0 5pt; color: blue"><U>Heather.Kralik@albint.com</U></P>

<P STYLE="font: 6.5pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/12.6pt Arial, Helvetica, Sans-Serif; margin: 4.7pt 0 0 5pt">Stephen Nolan (<I>effective April 1)</I></P>

<P STYLE="font: 11pt/12.6pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt">603-330-5899</P>

<P STYLE="font: 11pt/12.6pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt; color: blue"><U>Stephen.Nolan@albint.com</U></P>



<P STYLE="margin: 0"></P>

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<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ablany8kex992_0401.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><U>Exhibit 99.2</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.25in; text-indent: -63pt"><U>Summary of Nolan Compensation
Terms</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.25in; text-indent: -63pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Position</TD><TD STYLE="padding-right: 0.25in">Chief Financial Officer and Treasurer, effective April 1, 2019 (the &quot;Effective Date&quot;).</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Term</TD><TD STYLE="padding-right: 0.25in">Employment at will. Employment may be terminated by Mr. Nolan or Albany International Corp. (&quot;the
Company&quot;) at any time.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Base Salary</TD><TD STYLE="padding-right: 0.25in">Initial base
salary at the rate of $545,000 per year. Salary shall be subject to adjustment from time-to-time in the same manner as for other
executive officers. Salaries of executive officers are customarily reviewed by the Company&rsquo;s Board Compensation Committee
in February and adjusted in April of each year.</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt"> </P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Short-Term</TD><TD STYLE="padding-right: 0.25in"></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Incentive</TD><TD STYLE="padding-right: 0.25in">Mr. Nolan will be eligible for an Annual Performance Period (&ldquo;APP&rdquo;) award for service
performed in 2019 under the Company's 2017 Incentive Plan, to be determined and paid in cash during early 2020. Under this award,
he will be entitled to receive between 0% and 200% of a target award, equal to $381,500, pro-rated for his actual period of employment
during 2019, and based on Company performance with respect to four (4) metrics relating to Adjusted EBITDA, days working capital
improvement, safety and compliance. (The precise definitions and means of calculation of these metrics will be spelled out in Mr.
Nolan&rsquo;s 2019 award agreement.) Mr. Nolan will be eligible in 2020 and thereafter to participate in the 2020 APP award or
any other annual executive bonus program, as the same may be adopted, amended, modified or terminated by the Company, in accordance
with its terms.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Long-Term</TD><TD STYLE="padding-right: 0.25in"></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Incentive</TD><TD STYLE="padding-right: 0.25in">Mr. Nolan will also be eligible, beginning in 2020, to receive a Multi-year Performance Period
(&ldquo;MPP&rdquo;) award under the Company's 2017 Incentive Plan, to be determined and paid in shares of Company stock during
early 2021. Under these awards, he would be entitled to receive between 0% and 200% of any target award, based on performance goal
attainment during the three-year performance period, and paid in shares of Company stock early in the year after the end of the
three-year performance period. While the determination of the target award is within the sole discretion of the Compensation Committee,
the current recommended target opportunity for the 2020 award would be a number of shares of Company stock equal to 105% of Mr.
Nolan&rsquo;s base salary at the time of grant. For this award, the performance goal will be a specified level of Company Adjusted
EBITDA (as defined in the award agreement). Thereafter, Mr. Nolan will be eligible to participate in any long-term executive incentive
bonus program, as the same may be adopted, amended, modified or terminated by the Company, in accordance with its terms.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Restricted</TD><TD STYLE="padding-right: 0.25in"></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Stock Units</TD><TD STYLE="padding-right: 0.25in">Mr. Nolan will
receive, as of the Effective Date, a one-time grant of stock units under the Company's Amended and Restated Restricted Stock Unit
(&ldquo;RSU&rdquo;) Plan with a grant date value of $300,000. Pursuant to the Plan, each unit vests (and is immediately paid in
cash) as to one-third of the units awarded on each of the first three (3) anniversaries of the date of grant, if he remains employed
by the Company. In the event of termination of employment after age 62 or upon death, disability or involuntary termination, one-half
of all unvested units automatically vest and are paid. These units will otherwise be subject to the
terms of the Restricted Stock Unit Plan.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt"> </P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Performance</TD><TD STYLE="padding-right: 0.25in"></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Shares</TD><TD STYLE="padding-right: 0.25in">Mr. Nolan will also receive, as of the Effective Date, a one-time grant of a number of performance
shares under the Company&rsquo;s 2017 Incentive Plan with a grant date value of $450,000. Pursuant to the Plan, the award will
vest (and is immediately payable in shares of the Company&rsquo;s Class A Common Stock) on the third anniversary of the date of
grant, if he remains employed by the Company. A termination of employment at any time before vesting, for any reason, will result
in forfeiture of the grant.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Other</TD><TD STYLE="padding-right: 0.25in"></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Benefits</TD><TD STYLE="padding-right: 0.25in">Mr. Nolan will be entitled to four weeks of vacation with pay per year unless the Company's vacation
policy applicable to executive officers provides for a greater period. Mr. Nolan will otherwise be eligible to participate in all
of the Company's employee benefit plans, policies and arrangements applicable to other executive officers generally, including,
without limitation, relocation, 401(k), health-care, vision, life insurance and disability; in each case, as the same may exist
from time to time.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 27pt"></TD><TD STYLE="width: 81pt">Severance</TD><TD STYLE="padding-right: 0.25in">On the Effective Date, Mr. Nolan will enter into a Severance Agreement with the Company, substantially
in the form of such agreement previously filed by the Company under cover of a Form 8-K filed on January 4, 2016. Under the terms
of such agreement, in the event that his employment is terminated by the Company for any reason other than Cause (as defined in
the agreement), in addition to any amounts to which he may be entitled upon the occurrence of such event under the terms of his
APP, MPP, RSU and Performance Share award agreements, Mr. Nolan shall be entitled to an amount equal to twice his annual base salary,
paid out over the 24-month period following termination. In addition, Mr. Nolan shall be eligible for a bonus relating to the services
he performs in the year in which his employment is terminated, calculated at the same time and in the same manner in which bonuses
are awarded to similarly situated employees under the then-current and prevailing bonus program, pro-rated to reflect the actual
period of employment during the year.</TD></TR></TABLE>

<P STYLE="font: 12pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt">&nbsp;</P>

</P>


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<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>ablany8kex993_0401.htm
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right"><U>Exhibit 99.3</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><U>Summary of Cozzolino Advisory
Assistance Compensation Terms</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.25in; text-indent: -63pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.25in; text-indent: -63pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">The Company agrees to pay Mr. Cozzolino an amount equal to his gross
monthly salary in effect as of April 1, 2019, less applicable withholdings and deductions required by law or otherwise agreed,
provided he is responsive to any inquiries from his successor or any other Company employee, if any, in the first six (6) weeks
following the date of his departure.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.25in 0 1.5in; text-indent: -81pt">&nbsp;</P>


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
