Paul Householder
About Paul D. Householder
Independent director of Alamo Group Inc. (ALG) since February 2024; age 55. Currently President & CEO of Ag Growth International Inc. (AGI), with prior roles at AGI as EVP International, EVP Global Operations, and COO after joining in 2019; previously spent 28 years in global leadership roles at Air Products & Chemicals, Inc. focused on continuous improvement, business development, sales, and engineering . The Board has determined he is independent under NYSE listing standards and ALG’s Corporate Governance Guidelines .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ag Growth International Inc. | President & CEO; previously EVP International, EVP Global Operations, COO | Joined 2019; CEO current | Operations leadership; strategic planning; change management; Lean Six Sigma; continuous improvement |
| Air Products & Chemicals, Inc. | Various global leadership roles | 28 years | Continuous improvement, business development, sales, engineering |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Ag Growth International Inc. | Director | Since Nov 8, 2022 | Committee roles not disclosed in ALG proxy |
Board Governance
- Committee assignments: Compensation Committee member (not Chair) .
- 2024 meeting cadence: Compensation (4), Audit (4), Nominating & Corporate Governance (3) .
- Attendance: 100% Board and committee attendance by all incumbent directors in 2024 (exception only for a December 2024 appointee); Householder joined in February 2024 and is included among incumbents .
- Independence: all Board committees composed entirely of independent directors ; Board affirms independence status annually .
- Leadership: Independent Chair of the Board (Richard W. Parod); non‑management directors meet regularly in executive session without management .
Committee Overview (Householder)
| Committee | Role | 2024 Meetings |
|---|---|---|
| Compensation Committee | Member | 4 |
| Audit Committee | Not a member | 4 |
| Nominating & Corporate Governance | Not a member | 3 |
Fixed Compensation
Director Fee Schedule (2024)
| Component | Amount |
|---|---|
| Annual director retainer (cash) | $80,000 |
| Independent Board Chair additional retainer | $80,000 |
| Audit Committee Chair retainer | $18,000 |
| Compensation Committee Chair retainer | $13,000 |
| Nominating & Corporate Governance Chair retainer | $13,000 |
| Meeting fees | Not specified; directors reimbursed for reasonable expenses |
Paul D. Householder – 2024 Director Compensation
| Metric | 2024 |
|---|---|
| Fees earned (cash) | $80,000 |
| Stock awards (grant‑date fair value) | $152,758 |
| Total | $232,758 |
Performance Compensation
- Director equity compensation consists of restricted stock awards; no options reported for directors in 2024 .
- Grant‑date price used for Householder’s joining grant was $214.32 (February 2024); as of year‑end 2024 he had 774 restricted shares outstanding versus 645 for other directors, reflecting his mid‑year appointment .
- No performance metrics (e.g., PSUs/TSR) are tied to director compensation; director stock awards are time‑based .
| Director Equity Detail | Value |
|---|---|
| Householder grant‑date price (Feb 2024) | $214.32 |
| Householder RSAs outstanding (12/31/2024) | 774 |
| Performance metrics linked to director pay | None disclosed |
Other Directorships & Interlocks
| Company | Role | Since | Potential Interlocks/Notes |
|---|---|---|---|
| Ag Growth International Inc. | Director | Nov 8, 2022 | AGI operates in agricultural equipment end‑markets; ALG disclosed no related party transactions in FY2024 |
Expertise & Qualifications
- Thirty years of global manufacturing experience; strong operations focus including strategic planning, change management, global operations, negotiation, Lean Six Sigma, and continuous improvement .
- Board skills matrix indicates strengths in strategic planning & execution, corporate governance, capital goods manufacturing/supply chain, M&A, and financial expertise coverage across the Board .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class | Notes |
|---|---|---|---|
| Paul D. Householder | 774 | <1%* | Footnote indicates beneficial ownership includes unvested restricted stock awards that vote (directors) |
| ALG shares outstanding (Record Date) | 12,063,468 | — | As of Feb 21, 2025 |
*Less than 1% of class .
Ownership Alignment Policies
- Stock ownership guideline for outside directors: 5× annual cash retainer; newly appointed directors have 5 years to comply (must hold at least 50% of net shares until target met). All directors have met requirements or are within the transition period as of the record date .
- Prohibition on hedging/pledging of ALG stock by directors and executive officers .
Shareholder Voting Signals
Director Election – Householder
| Year | For | Against | Abstain | Broker Non‑Votes |
|---|---|---|---|---|
| 2024 | 11,054,229 | 9,391 | 4,795 | 348,100 |
| 2025 | 10,786,495 | 13,987 | 8,110 | 535,608 |
Say‑on‑Pay Outcomes (Context for Governance)
| Year | For | Against | Abstain | Outcome |
|---|---|---|---|---|
| 2024 | 10,916,690 | 144,255 | 7,470 | Approved; ~99% in favor noted in proxy |
| 2025 | 10,533,729 | 217,997 | 56,866 | Approved |
Governance Assessment
- Independence and committee structure: Householder serves on an all‑independent Compensation Committee; committees are fully independent, with regular executive sessions led by independent chairs—supports robust oversight .
- Attendance and engagement: 100% attendance reported for all incumbent directors in 2024—positive engagement signal .
- Strong shareholder support: Householder received decisive election support in both 2024 and 2025; company’s say‑on‑pay also passed with high approval (~99% in 2024 and strong support in 2025), indicating broad investor confidence in governance and pay design .
- Ownership alignment: Director ownership guidelines (5× retainer) with a 5‑year compliance window for new appointees; hedging/pledging prohibited—reduces misalignment risk .
- Conflicts monitoring: ALG reports no related party transactions in FY2024; while Householder is AGI’s CEO and a director there, ALG’s policy and disclosure mitigate near‑term related‑party risk; monitor for supplier/customer overlaps over time .
- Pay governance infrastructure: Independent compensation consultant (Pay Governance) engaged; Board assessed consultant independence and found no conflicts; peer group benchmarking updated in 2024 (added Barnes Group, Franklin Electric, Watts Water Technologies, Helios Technologies, REV Group, Kadant; removed Altra Industrial Motion post‑acquisition)—supports market‑aligned pay decisions .
Related Party Transactions
- No related party transactions reported for FY2024; a 2025 consulting agreement disclosed for a retiring executive (non‑director) with modest monthly compensation; Board/Audit Committee policy governs review/approval of such matters .
Notes on Insider Trades
- Form 4 transaction data was not accessible via the insider‑trades skill during this review; current positions and ownership are based on the latest definitive proxy beneficial ownership table. No pledging/hedging is permitted under ALG policy .