Lorie Tekorius
About Lorie L. Tekorius
Lorie L. Tekorius (age 57) has served as an independent director of Alamo Group Inc. since December 2019. She is President and Chief Executive Officer of The Greenbrier Companies, Inc. (assumed March 1, 2022) and is a Certified Public Accountant with deep experience in finance, accounting, strategic planning, talent development, succession planning, ESG, M&A, and global manufacturing operations .
Past Roles
| Organization | Role | Tenure/Date Range | Notes/Impact |
|---|---|---|---|
| The Greenbrier Companies, Inc. | President & CEO | March 1, 2022–present | Leads a global railcar manufacturer and services firm; board director at Greenbrier . |
| The Greenbrier Companies, Inc. | President & COO | Prior to March 2022 | Senior operating leadership preceding CEO role . |
| The Greenbrier Companies, Inc. | EVP & CFO | Prior to COO role | Financial leadership; extensive finance/accounting background . |
External Roles
| Company | Role | Start | Committees/Notes |
|---|---|---|---|
| The Greenbrier Companies, Inc. | Director | March 30, 2022 | Current public company directorship; no ALG-related interlock disclosed . |
Board Governance
- Committee assignments (as of the 2025 annual meeting): Audit Committee (member) and Nominating/Corporate Governance Committee (member). Not a committee chair .
- Board and committee activity (2024): Board met 5 times; committees met Audit 4, Compensation 4, Nominating/Corporate Governance 3. All incumbent directors (including Tekorius) attended 100% of their Board and committee meetings in 2024 .
- Independence: Board determined all current directors except the CEO are independent under NYSE and ALG guidelines; Tekorius is listed as independent .
- Audit Committee qualifications: All members are financially literate, designated “Audit Committee financial experts,” and independent under NYSE standards .
- Executive sessions: Non-management directors meet in executive session at each Board and Committee meeting; Independent Chair presides .
- Board leadership: Independent Chair structure; CEO and Chair roles separated .
Fixed Compensation
Non‑employee director compensation (ALG) – Tekorius
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Annual cash retainer ($) | 75,000 | 80,000 | 80,000 |
| Stock awards – grant date FV ($) | 120,036 | 125,455 | 125,111 |
| Option awards ($) | — | — | — |
| Total ($) | 195,036 | 205,455 | 205,111 |
- Structure and rates: Non-employee directors receive an annual retainer (2024: $80,000); added retainers apply to chairs (Board Chair $80,000; Audit Chair $18,000; Compensation Chair $13,000; Nominating/Governance Chair $13,000). Directors also receive an annual stock award; no stock options outstanding for directors as of each year shown .
Performance Compensation
Director equity is delivered via restricted stock awards (no options).
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Grant date | May 10, 2022 | May 11, 2023 | May 3, 2024 |
| Grant-date price/FV per share | $113.67 | $177.95 | $193.97 (standard grant) |
| RS outstanding per non-employee director at year-end (shares) | 1,056 | 705 | 645 (exceptions: new appointees) |
- Notes: 2024 exceptions reflect pro-rated grants for newly appointed directors (e.g., Householder, Haley); Tekorius, as an incumbent, aligns with the standard grant cohort .
- Options: None granted or outstanding for directors in 2022–2024 .
Other Directorships & Interlocks
| Company | Relationship to ALG | Interlock/Conflict Notes |
|---|---|---|
| The Greenbrier Companies, Inc. (GBX) | Unrelated industry (railcar design/manufacturing and services) | No related-party transactions disclosed; Board has a formal policy, and none were reported for FY2024 . |
Expertise & Qualifications
- CPA with significant finance and accounting expertise; brings strategic planning, talent development, succession planning, ESG, M&A, and global manufacturing operating experience to ALG .
- Serves on Audit and Nominating/Governance at ALG; Board deems Audit members financially literate and “financial experts” under NYSE standards, reinforcing oversight credibility .
Equity Ownership
| As-of Date | Beneficially Owned Shares (Tekorius) | Percent of Class |
|---|---|---|
| Feb 17, 2023 | 3,057 | <1% (as indicated by “*”) |
| Feb 16, 2024 | 3,762 | <1% (as indicated by “*”) |
| Feb 21, 2025 | 4,407 | <1% (as indicated by “*”) |
- Ownership guidelines: Outside directors must hold stock equal to 5x annual cash retainer; compliance measured annually. As of the record date, all directors met the requirement or were within the 5‑year transition period .
- Hedging/pledging: Directors and executive officers are prohibited from pledging company stock or entering hedging transactions, supporting alignment and reducing risk of forced sales .
Shareholder Voting Signals (Support/Accountability)
Director election results for Tekorius
| Metric | 2024 Annual Meeting | 2025 Annual Meeting |
|---|---|---|
| Votes For | 10,897,906 | 10,723,046 |
| Votes Against | 165,657 | 75,368 |
| Abstain | 4,852 | 10,178 |
Say-on-Pay (company-wide advisory vote)
| Metric | 2024 Annual Meeting | 2025 Annual Meeting |
|---|---|---|
| Votes For | 10,916,690 | 10,533,729 |
| Votes Against | 144,255 | 217,997 |
| Abstain | 7,470 | 56,866 |
Governance Assessment
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Strengths for investor confidence:
- Independent director with Audit and Nominating/Governance committee service; Audit committee comprised entirely of independent “financial experts,” bolstering financial oversight .
- 100% attendance in 2024 with active Board/committee cadence (Board 5x; committees 4/4/3), signaling engagement .
- Ownership alignment: progressive increase in beneficial holdings; robust stock ownership guidelines; prohibition on hedging/pledging .
- Clean related‑party profile: no related‑party transactions in FY2024; formal approval policy in place .
- Shareholder support: Strong director election support and favorable say‑on‑pay results in 2024 and 2025 .
-
Potential risks/considerations:
- External workload: Serving as CEO and director at Greenbrier plus ALG directorship could raise time‑commitment questions; mitigated by ALG’s cap of three public company boards and her compliance with that limit .
- Not a committee chair at ALG; influence is via committee membership rather than leadership roles, which is consistent with board composition and does not indicate any governance weakness .
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Compensation structure quality:
- Director pay is balanced between cash retainer and annual restricted stock; no stock options outstanding; independent compensation consultant engaged for benchmarking; governance practices include no single‑trigger CIC, no excise tax gross‑ups, and no hedging/pledging, aligning with best practices .