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

0

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 April 3, 2017, Regal Beloit Corporation (the “Company”) appointed Robert Lazzerini, age 50, to serve as the Company’s Vice President Corporate Controller. Mr. Lazzerini will serve as the Company’s principal accounting officer.
>>>>>>>>>>>Previously, Mr. Lazzerini served as Vice President Assistant Corporate Controller for the Company and has been employed with the Company in various positions since 2005. Mr. Lazzerini is a Certified Public Accountant and a Certified Management Accountant and received his bachelor’s degree in Accountancy from Northern Illinois University.
>>>>>>>>>>There is no arrangement or understanding between Mr. Lazzerini and any other person to which Mr. Lazzerini was appointed to the position, and there are no transactions in which Mr. Lazzerini has an interest requiring disclosure under Item 404(a) of Regulation S-K. No director or executive officer of the Company has any family relationship with Mr. Lazzerini.
>>>>>>>>>>>>>>>Mr. Lazzerini will receive an annual base salary and is expected to continue to be eligible to participate in the Company’s annual cash bonus and long-term incentive compensation programs as well as welfare and retirement benefit plans and programs that the Company makes available to all similarly situated employees of the Company.

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.

Regal Beloit Corporation (NYSE:RBC) Recent Trading Information

Regal Beloit Corporation (NYSE:RBC) closed its last trading session up +1.40 at 76.55 with 241,301 shares trading hands.