---
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"
generated_at: "2026-05-30T13:05:37.964680+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# RBC Bearings converts Series A Preferred Stock to common; saves $23M/year in dividends

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-088513
- JSON: https://secwatch.observer/filing/0001213900-24-088513.json
- Plain text: https://secwatch.observer/filing/0001213900-24-088513.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.