other material
confidence high
sentiment negative
materiality 0.15
RBC Bearings shareholders reject advisory say-on-pay; all three director nominees elected
RBC Bearings INC
- Say-on-pay vote: 8,831,362 for, 18,434,020 against (majority against).
- Directors Michael H. Ambrose, Daniel A. Bergeron, Edward D. Stewart elected with 21.97M, 24.39M, 15.48M votes for respectively.
- Ratification of Ernst & Young as auditor for FY2023 passed with 27.32M votes for, 626k against.
- Advisory vote on executive compensation was non-binding, but signals shareholder discontent.