secwatch.observer — SEC 8-K summary
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Issuer:     REGAL REXNORD CORP (RRX)
CIK:        0000082811
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0000082811-23-000192
Event type: other
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/82811/000008281123000192/0000082811-23-000192-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/82811/000008281123000192/rrx-20231103.htm
  HTML page:      https://secwatch.observer/filing/0000082811-23-000192

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