- Current report filing (8-K)
01 5월 2009 - 2:59AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of
the Securities Exchange
Act of 1934
_________________
|
Date of Report
|
|
|
(Date of earliest
|
|
event reported):
|
April 27, 2009
|
REGAL-BELOIT CORPORATION
|
(Exact name of registrant as specified in its charter)
|
Wisconsin
|
1-7283
|
39-0875718
|
(State or other
|
(Commission File
|
(IRS Employer
|
jurisdiction of
|
Number)
|
Identification No.)
|
incorporation)
|
200 State Street, Beloit, Wisconsin 53511-6254
|
(Address of principal executive offices, including zip code)
|
(608) 364-8800
|
(Registrants telephone number, including area code)
|
_________________
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
[ ]
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
[ ]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
[ ]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item 5.02
.
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers
.
|
On
April 27, 2009, the Board of Directors of Regal Beloit Corporation (the Company)
accepted the offer by the Companys Chairman and Chief Executive Officer and
President and Chief Operating Officer to waive 20% and 10% of these officers base
salaries, respectively, for the remainder of fiscal year 2009. These officers decided to
make this offer in an effort to lead the Company by example in challenging economic times
and to further align their compensation with efforts to address the cost structure of the
Company.
When
considering the officers offer, the Board of Directors conditioned its acceptance
of the offer on its understanding that the voluntary waiver of a percentage of their base
salary would not have the unintended consequence of affecting the officers eligibility,
participation or benefits under other compensation or employee benefit plans in which the
officers participate. Accordingly, the Compensation Committee of the Board of Directors
amended the definition of Salary in Section 2.18 of the Regal Beloit
Corporation Target Supplemental Retirement Plan (the Plan) so that voluntary
waivers of base salary amounts by participants in the Plan during any particular year
will not affect the calculation of retirement benefits under the Plan. This description
of the amendment to the Plan is qualified by reference to the Plan, as amended and
restated, as filed herewith as Exhibit 10.1 and incorporated herein by reference.
Item 9.01
.
|
Financial
Statements and Exhibits
.
|
|
(d)
|
Exhibits
.
The following exhibit is being filed herewith:
|
|
(10.1)
|
Target
Supplemental Retirement Plan, as amended and restated effective April 27, 2009.
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
REGAL-BELOIT CORPORATION
|
Date: April 30, 2009
|
By:
/s/ Paul J. Jones
|
|
Paul J. Jones
|
|
Vice President, General Counsel and Secretary
|
-1-
REGAL-BELOIT CORPORATION
Exhibit Index to
Current Report on Form 8-K
Dated April 27, 2009
Exhibit
Number
(10.1)
|
Target
Supplemental Retirement Plan, as amended and restated effective April 27, 2009.
|
-2-
RBC Bearings (NYSE:RBC)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
RBC Bearings (NYSE:RBC)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024