A maker of precision motors, drives, and control systems used in aerospace, defense, medical, industrial, and vehicle applications. Founded in 1939 in Denver by Claude Hathaway, it began as the Hathaway Corporation building power and process instruments, then sold that instrumentation to focus on motion. Its name, "Allient," is short for "Allied Nexus Technologies," chosen to mark the meeting point of its motion, controls, and power technologies.
Allient Inc. stockholders elect six directors and approve executive compensation and auditor ratification at 2026 annual meeting.
Stockholders elected all six director nominees: Robert B. Engel, Richard D. Federico, Steven C. Finch, Nicole R. Tzetzo, Richard S. Warzala, and Michael R. Winter.
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Allient Inc. held its annual stockholders' meeting on May 6, 2026.
The advisory vote on executive compensation for Named Executive Officers was approved with 12,678,862 votes for, 358,320 against, and 14,725 abstentions.
The ratification of Deloitte & Touche LLP as independent registered public accounting firm for fiscal 2026 was approved with 15,154,252 votes for, 52,042 against, and 2,814 abstentions.
Voting results are based on 17,018,097 outstanding shares of common stock as of the record date of March 11, 2026.
5.07 Submission of Matters to a Vote of Security Holders
Allient Inc. stockholders elect six directors and approve executive compensation at annual meeting
All six director nominees were elected, with votes ranging from 11,320,513 to 11,837,987 in favor.
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Allient Inc. held its annual stockholders' meeting on May 7, 2025.
Stockholders approved, on an advisory basis, the compensation of Named Executive Officers (11,484,011 for, 451,520 against).
Stockholders voted, on an advisory basis, for a one-year frequency of future advisory votes on executive compensation (11,211,495 for one year).
Stockholders ratified the appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal 2025 (14,538,665 for, 104,569 against).
5.07 Submission of Matters to a Vote of Security Holders
Allient amends employment agreement with VP Helmut D. Pirthauer through 2027
On January 7, 2025, Allient's subsidiary Heidrive GmbH and Helmut D. Pirthauer executed a Third Amendment to his employment agreement, effective December 18, 2024.
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The amended agreement extends the term through December 31, 2027, unless terminated earlier.
Pirthauer's annual base salary is set at €325,000 for 2024, €360,000 for 2025, €408,000 for 2026, and €432,000 for 2027.
Target annual cash incentive bonus is €126,000 for 2024, then 40%, 45%, and 45% of base salary for 2025, 2026, and 2027, respectively.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Allient amends credit facilities and executes interest rate swap to enhance financial flexibility
On October 22, 2024, Allient Inc. and Allied Motion Technologies B.V. entered into a Second Amendment to their Third Amended and Restated Credit Agreement with HSBC Bank USA and other lenders.
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The amendment increases the maximum permitted Leverage Ratio to 4.5:1.0 for quarters ending March 31, 2025 and June 30, 2025, and to 4.0:1.0 for the quarter ending September 30, 2025.
The definition of Consolidated EBITDA was revised to include certain acquisition, business retention, restructuring, integration, and realignment costs, and restrictions on acquisitions were imposed through December 31, 2025.
Allient also entered into a Second Amendment to its Note Purchase and Private Shelf Agreement, aligning leverage ratio, EBITDA definition, and acquisition restrictions with the credit facility, and deeming Q4 2024 through Q3 2025 an Increased Leverage Period with a 50 basis point interest rate increase.
Allient executed a new interest rate swap agreement effective September 30, 2024, hedging $50 million of debt over a three-year term to mitigate SOFR-based interest rate volatility.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Leadership8-K
Allient Inc. appoints James A. Michaud as Senior Vice President and CFO, effective June 3, 2024.
He previously served as Senior Vice President and CFO of Elior North America, a subsidiary of Elior Group SA.
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James A. Michaud, age 59, will become Senior Vice President and Chief Financial Officer of Allient Inc. on June 3, 2024.
The employment agreement provides an annual base salary of $375,000 and a term ending December 31, 2024, with automatic one-year renewals.
He is eligible for annual cash incentive bonuses based on performance criteria set by the Compensation Committee and participation in equity incentive plans.
No family relationships or reportable transactions under Item 404(a) were disclosed.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Allient CFO Michael R. Leach to retire; will serve as principal financial officer through June 30, 2024.
After his service ends, Mr. Leach will assist with the orderly transition of his responsibilities.
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Michael R. Leach, Senior Vice President and Chief Financial Officer, informed Allient of his intent to retire as of April 30, 2024.
Effective April 29, 2024, Mr. Leach agreed to continue as principal financial officer through June 30, 2024 or until a successor is named.
The report was filed on April 29, 2024, and signed by Corporate Controller Jackson Trostle.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Allient Inc. issues $50M senior notes due 2031 to PGIM affiliates
The Notes bear interest at 5.96%, payable quarterly beginning June 21, 2024, and mature on March 21, 2031.
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On March 21, 2024, Allient Inc. issued and sold $50 million aggregate principal amount of Series A Senior Notes due March 21, 2031 to affiliates of PGIM, Inc.
The obligations are secured by substantially all of Allient's non-realty assets and guaranteed by certain subsidiaries.
Proceeds will be used for general corporate purposes, including repayment of existing indebtedness.
The Notes were issued under a Private Shelf Agreement dated March 1, 2024, which includes customary events of default.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits