Regal Rexnord adopts new executive severance policy, terminates prior KEESAs, amends retirement plan

REGAL REXNORD CORP

Adopted Executive Severance Policy effective Nov 3, 2023, with severance multipliers of 1x–3x base salary plus bonus.
CEO Pinkham, EVPs Rehard and Valentyn terminated prior Key Executive Severance Agreements to join the new policy.
Pinkham’s employment agreement amended to replace severance provisions; no adverse amendment allowed without consent.
Supplemental Retirement Plan amended effective Jan 1, 2024, expanding participation to non-employee directors and eligible employees.
No excise tax gross-up; severance payments reduced if subject to parachute tax under IRC §4999.

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