{"url_path":"/sec/alg/8-k/2026-07-08/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-08","source_url":"https://www.sec.gov/Archives/edgar/data/897077/0000897077-26-000082-index.html","accession_number":"0000897077-26-000082","cik":"0000897077","ticker":"ALG","issuer_name":"ALAMO GROUP INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/897077/0000897077-26-000082-index.html","primary_entity_key":"0000897077","primary_entity_name":"ALAMO GROUP INC"},"word_count":477,"has_tables":true,"body_markdown":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers\n\nOn July 5, 2026, Greg Lucas, 50, accepted an offer of employment with Alamo Group Inc. (the “Company”) for the role of Vice President, Corporate Controller and Chief Accounting Officer. Mr. Lucas is anticipated to begin his employment with the Company on or before August 10, 2026. Mr. Lucas will serve as the Company’s principal accounting officer (“PAO”) in his role, replacing Agnes Kamps as PAO. Ms. Kamps will continue in her role as Executive Vice President and Chief Financial Officer of the Company and principal financial officer of the Company.\n\nMr. Lucas most recently served as Vice President, Chief Accounting Officer and Chief Financial Officer of Thermon Group, where Mr. Lucas has been employed since 2020, first as Corporate Controller and then as interim Chief Financial Officer before serving in his most recent role. Thermon Group was one of the largest providers of highly engineered industrial process heating solutions for process industries before recently being acquired by CECO Environmental Corp. Mr. Lucas served as Assistant Corporate Controller at BNSF Railway from 2019 to 2020, and as Controller, Americas Region with Intertek from 2017 to 2019. Mr. Lucas has also held roles with Air Liquide, Technology Partners International, Inc., and KPMG, LLP. Mr. Lucas holds a Bachelor of Business Administration, Accounting and Economics from East Texas Baptist University and a MBA from Texas A&M University.\n\nMr. Lucas will receive an annual base salary of $335,000.00. Mr. Lucas will be eligible to participate in the Company’s Executive Incentive Plan at the 40% level, pro-rated for 2026, with the amount of the payouts currently ranging from 0% to 200% of target based on performance. Mr. Lucas is expected to receive initial restricted stock awards with an aggregate grant-date value equivalent to $200,000.00 that will be prorated for 2026 based on Mr. Lucas’s actual start date of employment. In 2027, Mr. Lucas is expected to receive equity awards with aggregate grant-date value equivalent to $200,000.00 in the form of a 50/50 split of performance share units and restricted stock awards. Mr. Lucas will enter into a change in control agreement with the Company in the form generally applicable to executive officers of the Company, as filed as an exhibit to the Company’s most recent Annual Report on Form 10-K. Mr. Lucas will also be eligible to participate in benefit plans generally offered to the Company’s executive officers, including a 401(k) plan and medical, dental, disability, life and dependent life insurance coverage. Mr. Lucas’s employment with the Company is contingent upon passing the Company’s usual pre-employment screenings.\n\nThe Company is not aware of any related party transactions between Mr. Lucas, on the one hand, and the Company, on the other hand, subject to disclosure pursuant to Item 404(a) of Regulation S-K."}