RBC Bearings annual meeting: Director Ennico elected with 47% opposition; say-on-pay gets 45% dissent

RBC Bearings INC

Dr. Michael J. Hartnett re-elected with 26.5M For (96.9% of votes cast excluding broker non-votes).
Dolores J. Ennico re-elected with 14.3M For vs 13.0M Against/Withheld (47% opposition).
Ernst & Young ratified as auditor for FY2024: 27.4M For, 414K Against.
Advisory vote on executive compensation: 14.8M For, 12.2M Against (45% dissent), non-binding.
Shareholders approved 'every year' frequency for say-on-pay vote (27.0M votes for 1 year).

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.98

RBC Bearings INC shareholders approved Advisory approval of the compensation paid to the Company's named executive officers at the 2023-09-07 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-09-07

Exact text from the filing

Proposal 4 . The approval, on an advisory basis, of the compensation paid to the Company's named executive officers: For Against Abstain Broker Non-Vote 14,801,089 12,153,147 394,195 445,205

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.98

RBC Bearings INC shareholders approved Advisory vote on the frequency of holding a stockholder advisory vote on named executive officer compensation at the 2023-09-07 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-09-07

Exact text from the filing

Proposal 3 . The approval, on an advisory basis, of the frequency of holding a stockholder advisory vote on the Company’s named executive officer compensation. 1 year 2 years 3 years Abstain 27,010,477 2,024 335,400 530

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.98

RBC Bearings INC shareholders approved Election of two directors in Class III to serve a term of three years at the 2023-09-07 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-09-07

Exact text from the filing

Proposal 1. The election of two directors in Class III to serve a term of three years: Nominees For Against Withheld Broker Non-Vote Dr. Michael J. Hartnett 26,487,475 856,355 4,601 445,205 Dolores J. Ennico 14,321,619 13,017,741 9,071 445,205

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.98

RBC Bearings INC shareholders approved Ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for fiscal year 2024 at the 2023-09-07 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-09-07

Exact text from the filing

Proposal 2. To ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for fiscal year 2024: For Against Abstain Broker Non-Vote 27,377,868 414,744 1,024 0

View on SEC.gov

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RBC Bearings INC filing history →

Source: SEC EDGAR

accession 0001213900-23-075082

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