Regal Rexnord Corp Files Definitive Proxy Statement

Ticker: RRX · Form: DEF 14A · Filed: Mar 13, 2024 · CIK: 82811

Regal Rexnord Corp DEF 14A Filing Summary
FieldDetail
CompanyRegal Rexnord Corp (RRX)
Form TypeDEF 14A
Filed DateMar 13, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$683 m, $400 m
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Regal Rexnord, Corporate Governance, Executive Compensation

TL;DR

<b>Regal Rexnord Corp has filed its Definitive Proxy Statement for the upcoming reporting period.</b>

AI Summary

REGAL REXNORD CORP (RRX) filed a Proxy Statement (DEF 14A) with the SEC on March 13, 2024. Regal Rexnord Corp filed a Definitive Proxy Statement (DEF 14A) on March 13, 2024. The filing covers the period ending April 23, 2024. The company's fiscal year ends on December 31. Regal Rexnord Corp was formerly known as Regal Beloit Corp. The SIC code for the company is 3621 (Motors & Generators).

Why It Matters

For investors and stakeholders tracking REGAL REXNORD CORP, this filing contains several important signals. This DEF 14A filing is a standard disclosure required for public companies, providing shareholders with information regarding annual meetings, director nominations, executive compensation, and other corporate governance matters. Shareholders should review this filing to understand proposed resolutions, director qualifications, and executive compensation plans before the annual meeting on April 23, 2024.

Risk Assessment

Risk Level: low — REGAL REXNORD CORP shows low risk based on this filing. The filing is a routine DEF 14A, which typically contains standard disclosures and does not indicate any unusual financial or operational events.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions in the DEF 14A to inform voting decisions.

Key Numbers

  • 2024-04-23 — Reporting Period End Date (Conformed period of report)
  • 2024-03-13 — Filing Date (Date the filing was made)
  • 1231 — Fiscal Year End (Indicates the end of the company's fiscal year)
  • 3621 — SIC Code (Standard Industrial Classification for Motors & Generators)

Key Players & Entities

  • REGAL REXNORD CORP (company) — Filer name
  • Regal Beloit Corp (company) — Former company name
  • Beloit Tool Corp (company) — Former company name
  • Record A Punch Corp (company) — Former company name
  • 2024-04-23 (date) — Conformed period of report
  • 2024-03-13 (date) — Filing date
  • 3621 (industry_code) — Standard Industrial Classification
  • WI (location) — State of incorporation

FAQ

When did REGAL REXNORD CORP file this DEF 14A?

REGAL REXNORD CORP filed this Proxy Statement (DEF 14A) with the SEC on March 13, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by REGAL REXNORD CORP (RRX).

Where can I read the original DEF 14A filing from REGAL REXNORD CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by REGAL REXNORD CORP.

What are the key takeaways from REGAL REXNORD CORP's DEF 14A?

REGAL REXNORD CORP filed this DEF 14A on March 13, 2024. Key takeaways: Regal Rexnord Corp filed a Definitive Proxy Statement (DEF 14A) on March 13, 2024.. The filing covers the period ending April 23, 2024.. The company's fiscal year ends on December 31..

Is REGAL REXNORD CORP a risky investment based on this filing?

Based on this DEF 14A, REGAL REXNORD CORP presents a relatively low-risk profile. The filing is a routine DEF 14A, which typically contains standard disclosures and does not indicate any unusual financial or operational events.

What should investors do after reading REGAL REXNORD CORP's DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions in the DEF 14A to inform voting decisions. The overall sentiment from this filing is neutral.

How does REGAL REXNORD CORP compare to its industry peers?

Regal Rexnord Corp operates in the Motors & Generators industry (SIC 3621), manufacturing electrical equipment.

Are there regulatory concerns for REGAL REXNORD CORP?

As a publicly traded company, Regal Rexnord Corp is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

Industry Context

Regal Rexnord Corp operates in the Motors & Generators industry (SIC 3621), manufacturing electrical equipment.

Regulatory Implications

As a publicly traded company, Regal Rexnord Corp is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

What Investors Should Do

  1. Review the full DEF 14A filing for detailed information on director nominees and their qualifications.
  2. Analyze the executive compensation disclosures to understand pay structures and potential incentives.
  3. Examine any shareholder proposals and management's recommendations before the April 23, 2024 meeting.

Key Dates

  • 2024-04-23: Annual Meeting Date — Shareholders will vote on proposals and elect directors.
  • 2024-03-13: Filing Date — The DEF 14A was officially submitted to the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure. No specific comparative data from a prior filing is immediately apparent in this header information.

Filing Stats: 4,656 words · 19 min read · ~16 pages · Grade level 12.9 · Accepted 2024-03-13 16:17:26

Key Financial Figures

  • $683 m — Flow versus the prior year to a record $683 million, and raised our Gross Margin by 1
  • $400 m — al motors and generators businesses for $400 million, a transaction on track to close

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 52 DIRECTOR COMPENSATION 75 REPORT OF THE COMPENSATION AND HUMAN RESOURCES COMMITTEE 76 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 77 REPORT OF THE AUDIT COMMITTEE 78 PROPOSAL 3 79 OTHER MATTERS 81 SHAREHOLDER PROPOSALS 82 2024 Proxy Statement 4 Back to Contents PROXY SUMMARY Our proxy statement contains information about the matters that will be voted on at our 2024 Annual Meeting of Shareholders and all adjournments or postponements thereof (the "Annual Meeting") as well as other helpful information about Regal Rexnord Corporation ("we", "our" or the "Company"). Below is an executive summary that highlights certain information contained elsewhere in this proxy statement. We encourage you to read the entire proxy statement and all accompanying materials, including our 2023 Annual Report, carefully before voting your shares. Annual Meeting Information Time and Date Location Record Date 8:00 a.m. CDT Tuesday, April 23, 2024 Rosemont Ballroom Chicago Marriott Suites O'Hare 6155 N. River Road Rosemont, Illinois 60018 March 1, 2024 Matters to be Voted on at the 2024 Annual Meeting Proposal Board Recommendation For More Detail, See Page: 1. Election of directors FOR Each Nominee 13 2. Non-binding, advisory vote to approve our named executive officers' compensation FOR 29 3. Ratification of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2024 FOR 80 Board and Governance Highlights Annual election of all directors Majority voting for directors All directors are independent except our Chief Executive Officer Diverse board, with three female directors and two directors who are racially or ethnically diverse All committees are composed entirely of independent directors Annual board and committee evaluations, with cyclical individual director evaluations Shareholders have right to call special m

Executive Compensation

Executive Compensation The compensation of our named executive officers (our "NEOs") is structured so that their interests are aligned with the long-term interests of our shareholders. This core pay-for-performance philosophy is embedded in the design of our executive compensation program. Strong shareholder support of our approach was reflected in our 2023 "say on pay" advisory vote, with over 94% of votes cast in favor of our proposal. Key Components of our NEOs' 2023 Compensation Program Base Salary: Our NEOs' salaries reflect the scope of their responsibilities, experience and performance. Annual Cash Incentive Plan: Short-term cash incentive with payouts ranging from 0% to 200% based on performance against key financial goals at both the total company and segment level. Long-Term Incentive Award - 1/4 allocated to RSUs: Our RSUs vest ratably on the first, second and third anniversaries of the grant date. Long-Term Incentive Award - 1/4 allocated to SARs: Our SARs vest ratably on the first, second and third anniversaries of the grant date. Long-Term Incentive Award - 1/2 allocated to PSUs: Our PSUs have three-year cliff vesting. For 2023-2025 grants, PSUs are based on a total shareholder return metric, relative to our peer group. The charts below show the approximate mix of base salary, annual cash incentive and equity grants we provided in 2023 to our Chief Executive Officer (our "CEO") and our other NEOs. The portion of our CEO's and other NEOs' compensation that we consider to be at risk is also shown. 2024 Proxy Statement 8 Back to Contents PROXY STATEMENT This proxy statement relates to the solicitation by the Company, on behalf of its Board of Directors (our "Board"), of your proxy to vote your shares of our Company's common stock at the Annual Meeting. We mailed our Notice of Internet Availability of Proxy Materials, and we are making available this proxy statement on March 13, 2024. We solicit proxies to give all shareholders of

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