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.

(d)On June 14, 2018, the Board of Directors (the “Board”) of Regal Beloit Corporation (the “Company”) elected Terrence Hahn to serve on the Board, effective immediately, as a director with an initial term continuing until the 2019 annual meeting of shareholders.

In connection with Mr. Hahn’s election, the Board by resolution increased its size from ten directors to eleven directors, with Mr. Hahn’s election filling the resulting vacancy.

Mr. Hahn is employed by Honeywell International, Inc., serving in a transition role to support the spin of Honeywell’s Homes and Distribution businesses. From 2016 to 2017, Mr. Hahn was an executive officer of Honeywell, serving in the role of President and Chief Executive Officer of Honeywell’s Home and Building Technologies segment. Before assuming that role, he served with Honeywell as President & Chief Executive Officer, Transportation Systems since 2013 based in Switzerland, and Vice President & General Manager, Performance Materials & Technologies, Fluorine Products since 2007. Prior to joining Honeywell, Mr. Hahn served in key business, operation and technology leadership roles with Air Products & Chemicals, Inc. from 1988-2007 with positions based in Taiwan, Malaysia and Canada. Mr. Hahn holds an MBA from the Wharton School of the University of Pennsylvania and MEng and BS degrees in Materials Science & Engineering from Lehigh University.

The Board has determined that Mr. Hahn is independent under the listing standards of the New York Stock Exchange and the Company’s criteria for determining director independence. Mr. Hahn will not be named to any committees of the Board at this time.

As a non-employee director, Mr. Hahn will be compensated in accordance with the Company’s compensation policies for non-employee directors, which are as described in the Company’s proxy statement filed with the Securities and Exchange Commission.

There are no arrangements between Mr. Hahn and any other person to which Mr. Hahn was elected to serve as a director, nor are there any transactions in which the Company is a participant in which Mr. Hahn has a material interest requiring disclosure to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.

The Company’s press release issued on June 15, 2018 announcing Mr. Hahn’s election to the Board is filed herewith as Exhibit 99 and incorporated herein by reference.

Item 9.01.Financial Statements and Exhibits.

EXHIBIT INDEX

Exhibit

Number

REGAL BELOIT CORP Exhibit
EX-99.1 2 newsrelease-terrencehahnjo.htm EXHIBIT 99.1 Exhibit FOR RELEASE ON OR AFTER: June 15,…
To view the full exhibit click here

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.