Alamo Group Inc.
05/19/2026 | Press release | Distributed by Public on 05/19/2026 14:12
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Richard H. Raborn, the Executive Vice President of the Vegetation Management Division of Alamo Group Inc. (the "Company"), will be retiring from the Company on May 29, 2026. The Company and Mr. Raborn entered into a letter agreement ("Agreement") regarding Mr. Raborn's retirement and separation from the Company. Pursuant to the Agreement, subject to release of claims by Mr. Raborn, Mr. Raborn will be entitled to certain payments and benefits after his last day of employment, including an amount equal to his current base salary of $536,000, payable in substantially equal installments in accordance with the Company's payroll practices over the twelve-month period following Mr. Raborn's last date of employment. Mr. Raborn's separation is not the result of any disagreement regarding the Company's operations, financial reporting, or accounting practices.
The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement, which is filed hereto as Exhibit 10.1.
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