Regal Beloit Corporation (NYSE:RBC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 3, 2017, Charles A. Hinrichs notified Regal Beloit Corporation (the “Company”) of his intent to retire as Vice President and Chief Financial Officer of the Company, effective as of March 31, 2018. In connection with Mr. Hinrichs’ retirement notification, on November 3, 2017, the Board of Directors appointed Robert J. Rehard to succeed Mr. Hinrichs as the Company’s Vice President and Chief Financial Officer, effective as of April 1, 2018.

Mr. Rehard, age 49, joined the Company in January 2015 as Vice President, Corporate Controller and Principal Accounting Officer. In January 2017, Mr. Rehard was appointed as Vice President, Financial Planning & Analysis with responsibility for the Company’s global finance organization. Over the last twenty years, Mr. Rehard has held leadership roles in the areas of operations accounting, corporate accounting and financial planning and analysis. Prior to joining the Company, he served in various roles of increasing responsibility with Eaton Corporation (a multinational power management company), Cooper Industries (a worldwide electrical products manufacturer now owned by Eaton Corporation), Masco Corporation (a manufacturer of home improvement and building products), Emerson Electric Co. (a global manufacturing and technology company) and Deloitte & Touche LLP (a multinational professional services firm).

Mr. Rehard does not have any direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K nor any family relationships reportable under Item 401(d) of Regulation S-K.

In connection with his appointment, Mr. Rehard will receive an increased base salary effective as of January 1, 2018. Mr. Rehard will also be eligible to participate in all compensation and benefit programs generally available to the Company’s executive officers, including the Company’s incentive compensation plan, long term incentive compensation programs and the Company’s Supplemental Defined Contribution Retirement Plan. Mr. Rehard will also receive an automobile for business purposes. In addition, following the effective time of Mr. Rehard’s appointment as the Company’s Vice President and Chief Financial Officer, the Company expects that Mr. Rehard will enter into a Key Executive Employment and Severance Agreement with the Company.

A copy of the news release related to Mr. Hinrichs’ retirement and Mr. Rehard’s appointment is filed herewith as Exhibit 99.1 and incorporated herein by reference.

Item 9.01Financial Statements and Exhibits.

(a)Not applicable.

(b)Not applicable.

(c)Not applicable.

(d)Exhibits. The following exhibit is being filed herewith:

REGAL BELOIT CORPORATION

Exhibit Index to Report on Form 8-K

REGAL BELOIT CORP Exhibit
EX-99.1 2 hinrichs-rehardcfopressrel.htm EXHIBIT 99.1 Exhibit FOR RELEASE ON: November 6,…
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About Regal Beloit Corporation (NYSE:RBC)

Regal Beloit Corporation is a manufacturer of electric motors and controls, electric generators and controls, and power transmission products. The Company operates through three segments: Commercial and Industrial Systems, Climate Solutions and Power Transmission Solutions. Its Commercial and Industrial Systems segment produces medium and large motors, commercial and industrial equipment, generator and custom drives and systems serving commercial heating, ventilation and air conditioning (HVAC), and power and oil and gas systems. Its Climate Solutions segment produces small motors, controls and air moving solutions serving markets, including residential and light commercial HVAC, and commercial refrigeration. Its Power Transmission Solutions segment manufactures, sells and services belt and chain drives, helical and worm gearing, mounted and unmounted bearings, couplings, modular plastic belts, conveying chains and components, hydraulic pump drives and specialty mechanical products.