RBC Bearings Files 8-K on Officer/Director Changes
Ticker: RBC · Form: 8-K · Filed: Oct 2, 2024 · CIK: 1324948
| Field | Detail |
|---|---|
| Company | Rbc Bearings Inc (RBC) |
| Form Type | 8-K |
| Filed Date | Oct 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: officer-changes, director-changes, compensation, corporate-governance
Related Tickers: RBC
TL;DR
RBC Bearings 8-K: Officer/Director changes and compensation details filed Oct 2.
AI Summary
RBC Bearings Incorporated filed an 8-K on October 2, 2024, reporting events that occurred on October 1, 2024. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in the leadership and governance structure of RBC Bearings, which could impact strategic direction and executive compensation.
Risk Assessment
Risk Level: low — This is a routine corporate filing detailing changes in officers and directors, not a significant financial event.
Key Players & Entities
- RBC Bearings INC (company) — Registrant
- October 1, 2024 (date) — Earliest event date
- October 2, 2024 (date) — Report date
FAQ
What specific officer or director positions were affected by the events on October 1, 2024?
The filing indicates changes related to the departure of directors or certain officers, election of directors, and appointment of certain officers, but does not specify the exact positions in the provided text.
Are the compensatory arrangements mentioned in the filing detailed in this 8-K?
The filing states that compensatory arrangements of certain officers are part of the report, but the specific details of these arrangements are not included in the provided excerpt.
What is the primary purpose of this 8-K filing for RBC Bearings?
The primary purpose is to report significant corporate events including changes in directors and officers, and related compensation matters, as of October 1, 2024.
When was this 8-K report officially filed with the SEC?
This 8-K report was filed with the SEC on October 2, 2024.
Does the filing include any new financial statements?
Yes, the filing explicitly states that it includes 'Financial Statements and Exhibits'.
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-10-02 12:06:34
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share RBC New York Stock Exchan
- $50,000 — ndependent directors, consisting of (i) $50,000 of annual cash compensation, paid quart
Filing Documents
- ea0216315-8k_rbcbearings.htm (8-K) — 31KB
- ea021631501ex99-1_rbcbear.htm (EX-99.1) — 7KB
- 0001213900-24-084444.txt ( ) — 250KB
- rbc-20241001.xsd (EX-101.SCH) — 4KB
- rbc-20241001_def.xml (EX-101.DEF) — 26KB
- rbc-20241001_lab.xml (EX-101.LAB) — 36KB
- rbc-20241001_pre.xml (EX-101.PRE) — 25KB
- ea0216315-8k_rbcbearings_htm.xml (XML) — 5KB
02 – Departure of Directors or Certain Officers; Election
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 1, 2024, the Board of Directors of RBC Bearings Incorporated (the "Company") elected Frederick J. Elmy a director of the Company to fill a vacancy on the Board, as a result of which the Company now has nine directors. He is a Class III director and will serve until the Company's annual meeting of stockholders in 2025. He will receive the standard compensation paid by the Company to its independent directors, consisting of (i) $50,000 of annual cash compensation, paid quarterly, and (ii) an annual grant of stock options and restricted stock at the discretion of the Compensation Committee and upon approval of the Board . Mr. Elmy is joining the Company's Audit Committee, and the Board has determined that he is an "audit committee financial expert" for purposes of the SEC's regulations. Section 9 – Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press release of RBC Bearings Incorporated dated October 1, 2024. 104 Cover page interactive data file (embedded within the inline XBRL document) 1
SIGNATURES
SIGNATURES According to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Date: October 2, 2024 RBC BEARINGS INCORPORATED By: /s/ John J. Feeney John J. Feeney Vice President, General Counsel and Secretary 2