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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 5, 2024 (Date of earliest event reported:  September 5, 2024)

 

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

 

At the Company’s annual meeting of stockholders held on September 5, 2024, the stockholders (1) elected all 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 2025, (3) approved an amendment to the Company’s certificate of incorporation eliminating personal liability of officers for monetary damages for breach of their fiduciary duty of care as officers, 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 three directors in Class II to serve a term of three years:

 

Nominees  For   Against   Withheld   Broker Non-Vote 
Richard R. Crowell   23,413,200    4,282,331    6,648    570,670 
Dr. Amir Faghri   21,841,068    5,854,312    6,799    570,670 
Dr. Steven H. Kaplan   16,458,958    11,236,532    6,689    570,670 

 

Proposal 2. To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2025:

 

For  Against  Abstain  Broker Non-Vote
27,859,445  406,581  6,823  0

 

Proposal 3. The approval of an amendment to the Company’s certificate of incorporation eliminating personal liability of officers for monetary damages for breach of their fiduciary duty of care as officers:

 

For  Against  Abstain  Broker Non-vote
22,996,345  4,696,155  9,679  570,670

 

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
22,029,670  5,662,364  10,145  570,670

 

1

 

  

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 5, 2024

 

  RBC BEARINGS INCORPORATED
     
  By: /s/ John J. Feeney
    Name:   John J. Feeney
    Title: Vice President, General Counsel & Secretary

 

 

2 

 

 

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Cover
Sep. 05, 2024
Document Type 8-K
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Document Period End Date Sep. 05, 2024
Entity File Number 001-40840
Entity Registrant Name RBC BEARINGS INCORPORATED
Entity Central Index Key 0001324948
Entity Tax Identification Number 95-4372080
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One One Tribology Center
Entity Address, City or Town Oxford
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06478
City Area Code 203
Local Phone Number 267-7001
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock, par value $0.01 per share  
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol RBC
Security Exchange Name NYSE
5.00% Series A Mandatory Convertible Preferred Stock, par value $0.01 per share  
Title of 12(b) Security 5.00% Series A Mandatory Convertible Preferred Stock, par value $0.01 per share
Trading Symbol RBCP
Security Exchange Name NYSE
RBC Bearings (NYSE:RBCP)
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