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 May 24, 2018, Terry R. Colvin notified Regal Beloit Corporation (the “Company”) of his intent to retire after more than twelve years as Vice President, Corporate Human Resources of the Company at a date in early 2019 yet to be determined. The Board of Directors of the Company expects to elect Timothy J. Oswald to succeed Mr. Colvin as the Company’s Vice President, Corporate Human Resources, effective as of the date of Mr. Colvin’s retirement. Between now and then, Mr. Colvin and Mr. Oswald will work together to effectively transition the leadership of global human resources for the Company.

Mr. Oswald, age 42, will bring over twenty years of human resources experience to the position. Mr. Oswald joined the Company in 2008 as Director of Talent. He advanced to hold positions in Compensation and Benefits from 2013 to 2016. Most recently and since July 18, 2016, Mr. Oswald has served as the Vice President of Human Resources for the Company’s PTS business. Prior to joining the Company, Mr. Oswald spent ten years at General Motors in a variety of roles. Mr. Oswald holds a bachelor’s degree in human resources from the University of Wisconsin and a MBA from the New York Institute of Technology.

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.