Albany International (AIN) investor relations material

Executive summary

• Annual meeting scheduled for May 15, 2026, to be held virtually; shareholders can vote online or by proxy.

• Key voting items: election of eight directors, ratification of KPMG as auditor, and advisory vote on executive compensation.

• Company operates in Machine Clothing and Engineered Composites, focusing on innovation, portfolio simplification, and long-term value creation.

• 2025 was a transition year with actions to streamline operations and strengthen core competencies.

Voting matters and shareholder proposals

• Shareholders will vote on electing eight directors, ratifying KPMG as independent auditor, and approving executive compensation on an advisory basis.

• Board recommends voting FOR all proposals.

• Shareholder proposals for the 2027 meeting must be submitted between January 15 and February 14, 2027.

Board of directors and corporate governance

• Board consists of eight members, seven of whom are independent; non-executive Chairman structure.

• Annual election of all directors; 94% attendance at Board meetings in 2025.

• Board committees: Governance, Audit, and Compensation, all comprised of independent directors.

• Governance Committee oversees board effectiveness, succession planning, and sustainability strategy.

• Audit Committee oversees financial reporting, internal controls, and auditor independence.

• Compensation Committee determines executive and director pay, with no interlocks or insider participation.