Albany International Appoints Acting CFO; Willard Station on Medical Leave

What Happened

• Albany International Corp. (AIN) filed an 8-K on August 31, 2026, to report that Chief Financial Officer and principal financial officer Willard Station has commenced a medical leave of absence effective immediately. The duration of the leave is not yet determined.
• The Board appointed Sean Valashinas (age 55), the Company’s Controller and Chief Accounting Officer, to serve as acting principal financial officer effective August 31, 2026, in addition to his existing role.

Key Details

• Leave effective date: August 31, 2026; duration: undetermined.
• Acting CFO: Sean Valashinas — Controller & Chief Accounting Officer since June 9, 2025; former VP Accounting, Treasury & Tax at Resonetics; previously at Standex International (2007–2024).
• Qualifications: Valashinas is a Certified Public Accountant, holds an Accounting degree from the University of Scranton and an MBA from Boston University.
• Compensation/Conflicts: No changes to Valashinas’s compensation and no familial or related‑party transactions requiring disclosure. A press release was issued (Exhibit 99.1) under Regulation FD.

Why It Matters

• For investors, this filing clarifies that Albany has named an internal, experienced accounting executive to cover the CFO role immediately, which supports continuity in financial reporting and controls. There is no indicated change to compensation or any related‑party concerns. Because the length of Mr. Station’s leave is unknown, investors should watch for future updates on his status or any permanent leadership changes.