Frank R. Schmeler is the former CEO of Albany International Corp., a company he led starting in 2005. He holds a Bachelor's degree in Engineering from the University of Michigan, which laid the foundation for his expertise in the engineering...

Number of Employees

5.6K

Year

2005

Total Compensation

$1.27M

Salary

$741.52K

Board Justification

The compensation philosophy aims to attract and retain talented executives while aligning their interests with those of stockholders through competitive cash compensation and performance-based incentives.

Bonus

$532.64K

Board Justification

Bonus granted in February 2006, approximately 118.5% of target, in recognition of success in meeting 2005 goals.

Other

$0.00

Board Justification

No additional compensation reported outside of salary and bonus.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were made in 2005; all performance-based incentive awards were granted under the 2005 Incentive Plan and will vest in future years.

Performance Metrics

Performance metrics included achieving financial objectives, reorganizing IT functions, improving sales and marketing operations, and aligning manufacturing with customer demand.

SEC Filing

From March 3, 2006