Current Report Filing (8-k)
0001324948 false 0001324948 2020-10-01
2020-10-01 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
to Section 13 or 15(d) of the Securities Exchange Act of
report: October 2, 2020 (Date of earliest event
October 1, 2020)
RBC BEARINGS INCORPORATED
of registrant as specified in its charter)
One Tribology Center
principal executive offices) (Zip Code)
number, including area code)
or former address, if changed since last report)
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.
pursuant to Rule 425 under the Securities Act (17 CFR
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
Securities registered pursuant to Section 12(b) of the Act:
Name of Each
Exchange on Which Registered
Common Stock, par value $0.01 per share
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, 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. ☐
– Corporate Governance and Management
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
1, 2020, the Company promoted Robert M. Sullivan to the position of
Vice President and Chief Financial Officer and designated Chief
Accounting Officer. The duties and responsibilities of the
Company’s Chief Financial Officer position will be transitioned to
Mr. Sullivan from Mr. Daniel A. Bergeron. Mr. Bergeron will assume
additional operational responsibility within the Company as he
continues to serve as the Company’s Vice President and Chief
Sullivan joined the Company as Assistant Corporate Controller in
March 2016 and was appointed Corporate Controller in February 2017.
Mr. Sullivan has over 13 years of experience in public accounting
and auditing. Prior to joining the Company, Mr. Sullivan worked at
Sikorsky Aircraft Corporation involved in business development,
program finance, and financial planning and analysis. Prior to
Sikorsky, Mr. Sullivan was an Audit Manager at Ernst & Young
LLP where he worked from 2007 to 2013. Mr. Sullivan has a Bachelor
of Science degree in Accounting from Fairfield University, a Master
of Science degree in Accounting and Taxation from the University of
Hartford, and a Master of Business Administration from the
University of Connecticut. Mr. Sullivan is a Certified Public
Accountant in the State of Connecticut.
1, 2020, the Company promoted John J. Feeney to the position of
Vice President, General Counsel and Secretary and designated Chief
Legal Officer. The duties and responsibilities performed by Joseph
Salamunovich, who had served as the Company’s Vice President,
General Counsel and Secretary since 2018, will be transitioned to
Mr. Feeney. Mr. Salamunovich will remain an employee of the Company
and provide a variety of legal services.
joined the Company as Assistant General Counsel in 2014. From 2008
to 2014 he worked as Associate Counsel for Conair Corporation, a
privately held consumer products company in Stamford Connecticut.
From 2005 to 2008 Mr. Feeney worked as Staff Counsel at Volt
Information Sciences, Inc., a publicly-owned staffing company. From
2000 to 2005 he worked as an Assistant Corporation Counsel for the
New York City Law Department, where he focused on litigation. Mr.
Feeney has a Bachelor of Arts degree in History from St. Joseph’s
University, a Master of Arts degree in American Government and
Politics from St. John’s University, and a Juris Doctor from SUNY
Buffalo, School of Law.
of the Company, Messrs. Sullivan and Feeney are at-will employees
and entitled to participate in the same general benefits and
incentive opportunities that are generally available to other
salaried employees (excluding the CEO and COO) and which do not
discriminate in favor of executive officers. This includes a base
salary and incentive opportunities under the Company’s Annual
Incentive Compensation Plan, Long-Term Equity Incentive Program and
Supplemental Executive Retirement Plan.
J. Hawkins’ position as the Company’s Vice President Finance and
Chief Accounting Officer has been eliminated. Mr. Hawkins’
departure is not the result of any disagreement on any matter of
accounting principles or practices, financial statement
disclosures, or internal controls. Mr. Hawkins has entered into a
Transition Employment Agreement with the Company and will provide
support to the accounting and tax departments until January 31,
release announcing these changes has been filed as
Exhibit 99.1 to this report and is incorporated herein by this
- Financial Statements and Exhibits
Financial Statements and Exhibits.
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.
October 2, 2020
/s/ John J.
President, General Counsel & Secretary
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