REGAL BELOIT CORPORATION (NYSE:RBC) Files An 8-K Submission of Matters to a Vote of Security Holders

ME Staff 8-k

8 years ago

REGAL BELOIT CORPORATION (NYSE:RBC) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security
Holders.

On May 1, 2017, Regal Beloit Corporation (the Company) held its
2017 Annual Meeting of Shareholders (the Annual Meeting) for the
purposes of (i) electing six directors for terms expiring at the
2018 Annual Meeting of Shareholders; (ii) holding a shareholder
advisory vote on the compensation of the Companys named executive
officers; (iii) holding a shareholder advisory vote on the
frequency of the advisory vote on the compensation of the
Companys named executive officers; and (iv) ratifying the
selection of Deloitte Touche LLP as the independent auditors for
the Company for the year ending December 30, 2017.

As of the March 8, 2017 record date for the determination of the
shareholders entitled to notice of, and to vote at, the Annual
Meeting, 44,808,087 shares of the Companys common stock were
outstanding and eligible to vote. A total of 42,703,036 shares
were voted in person or by proxy at the Annual Meeting.

The following are the final votes on the matters presented for
approval at the Annual Meeting:

Election of Directors:

Name	For	Against	Abstain	Broker Non-Votes

Christopher L. Doerr	41,079,829	221,720	13,107	1,388,380
Thomas J. Fischer	38,036,583	3,263,274	14,799	1,388,380
Mark J. Gliebe	40,306,664	996,864	11,128	1,388,380
Rakesh Sachdev	36,450,580	4,851,491	12,585	1,388,380
Curtis W. Stoelting	41,163,236	139,696	11,724	1,388,380
Jane L. Warner	41,080,560	250,916	13,180	1,388,380

Advisory vote on the compensation of the Companys named executive
officers:

For	Against	Abstain	Broker Non-Votes

40,113,874	1,171,613	29,169	1,388,380

Advisory vote on the frequency of the advisory vote on the
compensation of the Companys named executive officers:

One Year	Two Years	Three Years	Abstain	Broker Non-Votes

34,614,289	62,862	6,625,289	12,216	1,388,380

In light of the voting results with respect to this proposal, the
Company has decided that it will hold an advisory vote on the
compensation of its named executive officers every year until the
next required advisory vote on the frequency of future advisory
votes on executive compensation.

Vote on ratification of the selection of Deloitte Touche LLP as
the independent auditors for 2017:

For	Against	Abstain

42,484,286	209,064	9,686

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 down -0.65 at 78.70 with 183,989 shares trading hands.