Alamo Group (ALG) has provided an update.
Alamo Group Inc. has moved forward the vesting of restricted stock for Michael A. Haberman ahead of his retirement, allowing him to potentially earn a significant portion of his performance share units. Concurrently, the company has welcomed Kevin Thomas as the new Executive Vice President of the Industrial Equipment Division, offering him a change in control agreement and including him in the executive retirement plan, enhancing his financial incentives within the company.
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