RBC BEARINGS INCORPORATED (NASDAQ:ROLL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 9.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Directors
On January 8, 2018, RBC Bearings Incorporated (the “Company”) issued a press release announcing the appointment of Dr. Steven H. Kaplan to its Board of Directors. This press release has been furnished as Exhibit99.1 to this report and is incorporated herein by this reference. The Board of Directors approved such appointment, effective January 8, 2018, in Class II of the Board of Directors for a term to expire at the 2018 annual shareholder’s meeting.
Dr. Kaplan is the President of the University of New Haven in New Haven Connecticut. Founded on the Yale campus in 1920, the University is a private, coeducational community of more than 6,800 students with campuses around the country and around the world. It was named one of the 382 best colleges in the United States by the 2018 Princeton Review. Dr. Kaplan joined the University of New Haven in 2004 and through his leadership the University enrollment has grown 45 percent. The University has completed more than $250 million in construction projects and has launched 20 new academic programs under President Kaplan’s leadership.
In connection with his election to the Board, Dr. Kaplan will be compensated to the Company's existing director compensation plan, which shallbe provided on a prorated basis for the period beginning with his effective start date.
Item 9.01 Financial Statements and Exhibits.
d)Exhibits
Exhibit 99.1 Press Release of RBC Bearings Incorporated dated January 8, 2018.
RBC Bearings INC ExhibitEX-99.1 2 s108659_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Press Release Dr. Steven H. Kaplan Joins RBC Bearings Board of Directors Oxford,…To view the full exhibit click here
About RBC BEARINGS INCORPORATED (NASDAQ:ROLL)
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products. The Company has over 40 facilities of which over 30 are manufacturing facilities in approximately five countries. The Company classifies its customers into two categories: industrial and aerospace. The Company manufactures bearings and engineered products for a range of diversified industrial markets, including construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, semiconductor machinery and the general industrial markets. The Company supplies bearings and engineered products for use in commercial, private and military aircraft and aircraft engines, guided weaponry, and vision and optical systems.
