{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-088513","form_type":"8-K","ticker":"RBC","cik":"0001324948","company_name":"RBC Bearings INC","filed_at":"2024-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.091477+00:00","generated_at":"2026-05-30T13:05:37.964680+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"RBC Bearings converts Series A Preferred Stock to common; saves $23M/year in dividends","bullets":["Each Preferred share converted into 0.4413 common shares at minimum conversion rate of $226.63 (VWAP average $292.55).","Company issued 2,029,955 common shares; Preferred Stock is no longer outstanding.","Annual cash dividend savings of $23.0 million from elimination of Preferred Stock dividends.","Accrued dividend through conversion date paid separately on October 1 record date; conversion effective October 15, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-088513","json":"https://secwatch.observer/filing/0001213900-24-088513.json","markdown":"https://secwatch.observer/filing/0001213900-24-088513.md","text":"https://secwatch.observer/filing/0001213900-24-088513.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1324948/000121390024088513/0001213900-24-088513-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1324948/000121390024088513/ea0217662-8k_rbcbear.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T13:05:37.964680+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}