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Alamo Group Inc. (ALG) EVP Rizzuti to retire, then serve as paid consultant

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(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Alamo Group Inc. reports that Edward T. Rizzuti, Executive Vice President and Head of Corporate Development, has notified the company of his intent to retire effective September 11, 2026. The company states that his retirement is not due to any disagreement relating to operations, financial reporting, or accounting practices.

Alamo Group and Mr. Rizzuti have entered into a Consulting Agreement beginning September 14, 2026 and scheduled to run through December 31, 2026. Under this agreement, he will receive $20,000 per month, pro-rated for September, plus reimbursement of reasonable expenses, to advise on corporate development initiatives, including acquisitions and divestitures.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Retirement effective date September 11, 2026 Effective date of Edward T. Rizzuti’s retirement from Alamo Group Inc.
Consulting term start September 14, 2026 Start date of Consulting Agreement with Edward T. Rizzuti
Consulting term end December 31, 2026 Scheduled expiration date of Consulting Agreement
Monthly consulting fee $20,000.00 per month Compensation to Mr. Rizzuti under the Consulting Agreement, pro-rated for September
Consulting Agreement financial
"On August 10, 2026, the Company and Mr. Rizzuti entered into a consulting agreement"
corporate development initiatives financial
"to advise on corporate development initiatives, including acquisitions and divestitures"
divestitures financial
"including acquisitions and divestitures, and similar matters"
Divestitures are the process of a company selling or getting rid of a part of its business, like selling a division or a product line. This often helps the company focus on its core activities or improve its financial health. For investors, divestitures can signal strategic changes or influence the company's value and future growth prospects.

FAQ

What executive change did Alamo Group Inc. (ALG) disclose on August 7, 2026?
Alamo Group Inc. disclosed that Edward T. Rizzuti, Executive Vice President and Head of Corporate Development, intends to retire from the company effective September 11, 2026. The company stated his retirement is not due to any disagreement over operations or financial reporting.

Did Alamo Group Inc. (ALG) explain the reasons for Edward T. Rizzuti’s retirement?
Alamo Group Inc. stated that Mr. Rizzuti’s retirement is not the result of any disagreement regarding the company’s operations, financial reporting, or accounting practices. No additional reasons were provided beyond his intent to retire from the company.

What are the key terms of the consulting agreement with Edward T. Rizzuti at ALG?
Alamo Group Inc. and Mr. Rizzuti entered into a Consulting Agreement starting September 14, 2026 and ending December 31, 2026. He will receive $20,000 per month, pro-rated for September, plus reimbursement of reasonable expenses for advisory services.

What services will Edward T. Rizzuti provide to Alamo Group Inc. (ALG) after retirement?
Under the Consulting Agreement, Mr. Rizzuti will advise on corporate development initiatives, including acquisitions and divestitures and similar matters. These services will be provided from September 14, 2026 through December 31, 2026, following his retirement.

How much will Alamo Group Inc. (ALG) pay under the consulting arrangement with Edward T. Rizzuti?
Alamo Group Inc. will pay Mr. Rizzuti $20,000.00 per month under the Consulting Agreement, pro-rated for September, plus reimbursement of reasonable expenses. These payments cover his advisory role on corporate development initiatives through December 31, 2026.

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FALSE000089707700008970772026-08-072026-08-07

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): August 7, 2026
 
Alamo Group Inc.
(Exact name of registrant as specified in its charter)
 
State of Delaware
0-21220
74-1621248
(State or other jurisdiction of incorporation)(Commission File No.)(IRS Employer Identification No.)
  
1627 E. Walnut, Seguin, Texas
78155
(Address of Registrant’s principal executive offices)(Zip Code)
(830) 379-1480
Registrant's telephone number, including area code:
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common Stock, par value
$.10 per share
ALGNew York Stock Exchange
 
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 240.13e-4(c))

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).Emerging growth company ☐ 

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. ☐ 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On August 7, 2026, Edward T. Rizzuti, Executive Vice President and Head of Corporate Development, notified Alamo Group Inc. (the “Company”) of his intent to retire from the Company on September 11, 2026. Mr. Rizzuti’s retirement is not the result of any disagreement regarding the Company’s operations, financial reporting, or accounting practices.

On August 10, 2026, the Company and Mr. Rizzuti entered into a consulting agreement (the "Consulting Agreement"). The Consulting Agreement begins September 14, 2026, and is scheduled to expire on December 31, 2026. Pursuant to the Consulting Agreement, the Company will pay Mr. Rizzuti $20,000.00 per month, pro-rated for September, plus reimbursement of reasonable expenses, to advise on corporate development initiatives, including acquisitions and divestitures, and similar matters.


Item 9.01    Financial Statements and Exhibits
Exhibit 104 – Cover Page Interactive Data File - Inline XBRL for the cover page of this Current Report on Form 8-K



SIGNATURES
 
 
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.
 
August 11, 2026
By:  /s/ Andrew Sefzik         
  Andrew Sefzik,
 Vice President, General Counsel & Secretary


Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

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