RBC Bearings amends CEO/COO employment agreements; Hartnett base salary $1.5M, Bergeron $672,525

RBC Bearings INC

CEO Michael Hartnett new base salary $1.5M/year retroactive to March 31, 2024; COO Daniel Bergeron $672,525.
Initial term expires March 31, 2026 with automatic annual renewals unless 90-day nonrenewal notice.
New annual equity awards based on adjusted EBITDA, 5-year TSR vs peer group, and 3-year ROIC performance.
Hartnett receives either 20 hrs/year flight time or $120K annual non-business travel allowance.
Equity awards are fully vested shares (unrestricted) except Bergeron EBITDA award vests over 3 years.

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