8-K
filed October 7, 2021, 7:59 PM ET
ticker RRX
CIK 0000082811
M&A
confidence high
sentiment positive
materiality 1.00
Regal Rexnord completes merger with Rexnord PMC; new name, ticker RRX, $6.99 special dividend paid
REGAL REXNORD CORP
- Merger closed on Oct 4, 2021; Regal Beloit renamed Regal Rexnord, ticker changed to RRX on Oct 5.
- Special cash dividend of $6.99 per share (~$284M aggregate) paid to RBC shareholders on Oct 5.
- Reiterated FY2022 revenue ~$5.0B, cost synergies ≥$120M over 3 years, FY2022 adj. EBITDA >$1B.
- Board expanded to 11; Theodore Crandall and Robin Walker-Lee appointed; new officers named (Morton, Zaba, Klun).
- ~$1.0B drawn under Credit Agreement post-closing; $184M senior notes redeemed; bridge facility terminated.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jason R. Longley changed role as Vice President of Financial Planning & Analysis at REGAL REXNORD CORP.
- Action
- ceased to serve as principal accounting officer
- Role
- Vice President of Financial Planning & Analysis
Exact text from the filing
Jason R. Longley ceased to serve as the Company’s principal accounting officer. Mr. Longley will serve as the Company’s Vice President of Financial Planning & Analysis.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Kevin J. Zaba was appointed as President, Motion Control Solutions at REGAL REXNORD CORP.
- Action
- appointed
- Role
- President, Motion Control Solutions
Exact text from the filing
Kevin J. Zaba became President, Motion Control Solutions of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Daniel J. Klun was appointed as Vice President and Corporate Controller at REGAL REXNORD CORP.
- Action
- appointed
- Role
- Vice President and Corporate Controller
Exact text from the filing
Daniel J. Klun became Vice President and Corporate Controller of the Company, in which capacity Mr. Klun serves as the Company’s principal accounting officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jerrald R. Morton was appointed as President, Integration - Motion Control Solutions at REGAL REXNORD CORP.
- Action
- appointed
- Role
- President, Integration - Motion Control Solutions
Exact text from the filing
Jerrald R. Morton became President, Integration - Motion Control Solutions of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Theodore D. Crandall was appointed as Director at REGAL REXNORD CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
Theodore D. Crandall and Robin A. Walker-Lee were appointed to the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Robin A. Walker-Lee was appointed as Director at REGAL REXNORD CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
Theodore D. Crandall and Robin A. Walker-Lee were appointed to the Board.
View on SEC.gov
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