Alamo Group Inc. Adopts New Deferred Compensation Plan for Executives

Reuters11-13

Alamo Group Inc. Adopts New Deferred Compensation Plan for Executives

Alamo Group Inc. has announced the adoption of a new Nonqualified Deferred Compensation Plan, effective January 1, 2026. Under the plan, eligible employees, including President & CEO Robert P. Hureau, EVP & CFO Agnieszka K. Kamps, and EVP Industrial Equipment Kevin J. Thomas, may receive discretionary contributions of up to 6% of their base salary and bonus. These contributions will generally vest in full after three years of service, with earlier vesting possible in the event of a change in control. Additionally, as the company is ending its Supplemental Executive Retirement Plan (SERP) for new participants, Ms. Kamps and Mr. Thomas will receive an initial contribution to their deferred compensation accounts equal to the actuarial present value of their SERP accounts as of December 31, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alamo Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000897077-25-000119), on November 12, 2025, and is solely responsible for the information contained therein.

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Under the plan, eligible employees, including President & CEO Robert P. Hureau, EVP & CFO Agnieszka K. Kamps, and EVP Industrial Equipment Kevin J. Thomas, may receive discretionary contributions of up to 6% of their base salary and bonus. These contributions will generally vest in full after three years of service, with earlier vesting possible in the event of a change in control. Additionally, as the company is ending its Supplemental Executive Retirement Plan (SERP) for new participants, Ms. Kamps and Mr. Thomas will receive an initial contribution to their deferred compensation accounts equal to the actuarial present value of their SERP accounts as of December 31, 2025.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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