Every material Form 8-K ALLIENT INC has filed with the SEC since May 22, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Allient's German subsidiary Heidrive GmbH signed a third amendment to the employment contract of Helmut D. Pirthauer, a Vice President and Group President, effective December 18, 2024. The amendment extends the agreement through December 31, 2027 and sets his base salary and target bonus for 2024 through 2027. The change is administrative and the filing gives no effect on company financial results.
Amendment signed January 7, 2025 and effective December 18, 2024
Employment agreement now runs until December 31, 2027
Base salary rises from €325,000 in 2024 to €432,000 in 2027
Target bonus is €126,000 for 2024, then 40%, 45% and 45% of base salary for 2025 to 2027
On October 22, 2024, Allient and subsidiary Allied Motion Technologies B.V. amended their revolving credit facility with HSBC and a note purchase agreement, raising the maximum leverage ratio for 2025 and changing how EBITDA is calculated. The amendments also add a 50 basis point interest rate increase on the notes and restrict acquisitions through December 31, 2025, so shareholders get more covenant room but higher borrowing costs and fewer acquisition options.
Maximum leverage ratio raised to 4.5:1 for quarters ending March 31 and June 30, 2025, and to 4.0:1 for September 30, 2025
Note purchase agreement interest rate rises 50 basis points for Q4 2024 through Q3 2025
Acquisitions restricted through December 31, 2025
Company also executed a $50 million interest rate swap effective September 30, 2024, with a three-year term
Allient Inc. announced that James A. Michaud will become its Senior Vice President and Chief Financial Officer effective June 3, 2024. He enters an employment agreement with a $375,000 base salary, with severance and change-in-control terms that apply if he is terminated.
Appointment effective June 3, 2024; announced May 22, 2024
Base salary of $375,000 per year under the employment agreement, subject to annual merit review
Involuntary termination without cause or for good reason pays 100% of base salary; a change in control adds 100% of base salary plus target bonus, an extra target bonus amount, and monthly salary payments for 24 months
Michaud previously was CFO of Elior North America and a senior finance executive at Delaware North and other companies
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every ALLIENT INC filing is on SEC EDGAR ↗. 8-K briefs of other companies →