Form 8-K - Current report
September 07 2023 - 4:28PM
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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: September 7, 2023 (Date of earliest
event reported: September 7, 2023)
RBC BEARINGS INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware |
001-40840 |
95-4372080 |
(State or other jurisdiction
of incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
One Tribology Center
Oxford, CT 06478
(Address of principal executive offices) (Zip Code)
(203) 267-7001
(Registrant’s telephone number, including area
code)
N/A
(Former name or former address, if changed since last
report)
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 (see General Instruction A.2. below):
[ ] 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))
Securities registered pursuant to Section 12(b) of
the Act:
|
Title of Each Class |
Trading Symbol |
Name of Each Exchange on Which Registered |
|
Common Stock, par value $0.01 per share |
RBC |
New York Stock Exchange |
|
5.00% Series A Mandatory Convertible
Preferred Stock, par value $0.01 per share |
RBCP |
New York Stock Exchange |
|
Indicate by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
(§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ☐
Section 5 - Corporate Governance and Management
Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Item 5.07. Submission of Matters to a Vote of Security
Holders.
At the Company’s annual meeting of
stockholders held on September 7, 2023, the stockholders (1) elected both of the Company’s nominees for director, (2) ratified
the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2024, (3)
approved, on an advisory basis, the frequency of the advisory vote on compensation paid to the Company’s named executive officers
to be held every year, and (4) approved, on an advisory basis, the compensation paid to the Company's
named executive officers.
Shares were voted on these proposals as follows:
Proposal 1. The election of two directors in Class III to
serve a term of three years:
Nominees |
|
For |
|
|
Against |
|
|
Withheld |
|
|
Broker Non-Vote |
|
Dr. Michael J. Hartnett |
|
|
26,487,475 |
|
|
|
856,355 |
|
|
|
4,601 |
|
|
|
445,205 |
|
Dolores J. Ennico |
|
|
14,321,619 |
|
|
|
13,017,741 |
|
|
|
9,071 |
|
|
|
445,205 |
|
Proposal 2. To ratify the appointment of Ernst & Young LLP as
the Company’s independent registered public accounting firm for fiscal year 2024:
|
For |
|
|
|
Against |
|
|
|
Abstain |
|
|
|
Broker Non-Vote |
|
|
27,377,868 |
|
|
|
414,744 |
|
|
|
1,024 |
|
|
|
0 |
|
Proposal
3. The approval, on an advisory basis, of the frequency of holding a stockholder advisory vote on the Company’s named executive
officer compensation.
1 year |
|
|
2 years |
|
|
3 years |
|
|
Abstain |
|
|
27,010,477 |
|
|
|
2,024 |
|
|
|
335,400 |
|
|
|
530 |
|
Proposal
4. The approval, on an advisory basis, of the compensation paid to the Company's named executive officers:
|
For |
|
|
|
Against |
|
|
|
Abstain |
|
|
|
Broker Non-Vote |
|
|
14,801,089 |
|
|
|
12,153,147 |
|
|
|
394,195 |
|
|
|
445,205 |
|
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: September 7, 2023
|
RBC BEARINGS INCORPORATED |
|
|
|
|
By: |
/s/ John J. Feeney |
|
|
Name: John J. Feeney |
|
|
Title: Vice President, General Counsel & Secretary |
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