Alamo Group adopts deferred comp plan; up to 6% from 2026
Alamo Group Inc. reported that its Board adopted a new Nonqualified Deferred Compensation Plan, effective January 1, 2026.
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Rhea-AI Filing Summary
Alamo Group Inc. reported that its Board adopted a new Nonqualified Deferred Compensation Plan, effective January 1, 2026. The plan allows eligible employees to receive discretionary contributions of up to 6% of base salary and bonus.
Eligibility is determined by the Compensation Committee and includes President & CEO Robert P. Hureau, EVP & CFO Agnieszka K. Kamps, and EVP Industrial Equipment Kevin J. Thomas. Contributions generally vest 100% after three years of service, with earlier vesting upon a change in control, and are payable upon separation from service, death, or disability. With the SERP closed to new participants, the company will credit Ms. Kamps and Mr. Thomas with an initial amount equal to the actuarial present value of their SERP accounts as of December 31, 2025.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Alamo Group (ALG) announce in this 8-K?
How much can be contributed under ALG’s new plan?
Who is eligible for Alamo Group’s plan?
When do contributions under ALG’s plan vest?
When are plan benefits paid under ALG’s plan?
What happens to existing SERP benefits for certain ALG executives?
Why are SERP credits being made to the new plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.