ALAMO GROUP INC 8-K

What Happened

• Alamo Group Inc. announced on July 5, 2026 (8-K, Item 5.02) that it has hired Greg Lucas, age 50, as Vice President, Corporate Controller and Chief Accounting Officer. Mr. Lucas is expected to begin on or before August 10, 2026 and will serve as the company’s principal accounting officer (PAO), replacing Agnes Kamps as PAO. Ms. Kamps will remain Executive Vice President and Chief Financial Officer and principal financial officer.

Key Details

• Annual base salary: $335,000.
• 2026 compensation: eligible for Executive Incentive Plan at the 40% level (pro‑rated for 2026); initial restricted stock awards with grant‑date value of $200,000 (prorated for 2026).
• 2027 equity plan: expected $200,000 aggregate grant value, split 50/50 between performance share units and restricted stock.
• Background: most recently VP, Chief Accounting Officer & CFO at Thermon Group; prior roles at BNSF Railway, Intertek, Air Liquide, and KPMG; holds a BBA and an MBA.
• Other terms: will enter the company’s standard change‑in‑control agreement for executives, participate in executive benefit plans (401(k), medical/dental, life/disability), contingent on passing pre‑employment screenings. Company reports no related‑party transactions requiring disclosure.

Why It Matters

• This is an internal leadership change for the company’s accounting function: Mr. Lucas will be the principal accounting officer, which is important for financial reporting oversight. Investors should note the material compensation elements (salary, equity grants, incentive plan eligibility) and that the CFO role remains with Agnes Kamps, preserving continuity at the principal financial officer level.