Mark Klossner was appointed as Executive Vice President & President, Industrial Powertrain Solutions at REGAL REXNORD CORP.
“Mark Klossner, who will begin to serve as Executive Vice President & President, Industrial Powertrain Solutions, effective June 1, 2026”
Jerry Morton departed as Executive Vice President & President, Industrial Powertrain Solutions at REGAL REXNORD CORP.
“Jerry Morton, Executive Vice President & President, Industrial Powertrain Solutions, informed Regal Rexnord Corporation (the "Company") of his intention to retire from the Company, effective after the close of business on December 31, 2026”
Earnings Releases
REGAL REXNORD CORP reported first quarter ended March 31, 2026 results: revenue $1,479.1 Million, net income $64.3 Million, EPS $0.96. Guidance reaffirmed.
“Versus PY On Broad-Based Growth, Up 28% Excluding Data Center • IPS Orders Accelerated In Short Cycle Distribution And OEM, Net Of Headwinds In Long Cycle Projects • Sales Of $1,479.1 Million, Up 4.3% Versus PY, Up 1.6% On An Organic Basis • GAAP Net Income Of $64.3 Million Versus PY Of $57.5 Million, Up $6.8 Million Or 11.8% Versus PY • Adjusted EBITDA Of $304.4”
Debt Financings
REGAL REXNORD CORP amended credit facility with JPMorgan Chase Bank, N.A., as administrative agent at SOFR plus a margin spread maturing February 21, 2029.
“The Amended and Restated Credit Agreement amends and restates in its entirety the Second Amended and Restated Credit Agreement, dated as of March 28, 2022”
Debt Financings
REGAL REXNORD CORP incurred revolving credit of up to $1,500,000,000 with JPMorgan Chase Bank, N.A., as administrative agent at SOFR plus a margin spread maturing November 21, 2030.
“(ii) an unsecured revolving line of credit in Dollars or various other currencies in an aggregate principal amount of up to $1,500,000,000, maturing on November 21, 2030”
Debt Financings
REGAL REXNORD CORP incurred credit facility of up to $850,000,000 with JPMorgan Chase Bank, N.A., as administrative agent at SOFR plus a margin spread maturing February 21, 2029.
“The credit facilities extended under the Amended and Restated Credit Agreement shall consist of (i) an unsecured Delayed Draw Term Loan in an aggregate principal amount of up to $850,000,000, maturing on February 21, 2029”
Governance Changes
REGAL REXNORD CORP: The Board of Directors approved an amendment and restatement of the Bylaws to provide flexibility for remote shareholder meetings, align with universal proxy rules, and make other clarifying and conforming changes (effective 2025-07-22).
“On July 22, 2025, the Board of Directors of Regal Rexnord Corporation (the “ Company ”) approved an amendment and restatement of the Company’s Amended and Restated Bylaws (the “ Bylaws ”), including to (a) amend Sections 2.03, 2.04, and 2.06 of Article II of the Bylaws to give the Company flexibility to hold meetings of its shareholders by means of remote communication as authorized under Section 180.0709 of the Wisconsin Business Corporation Law (the “WBCL”) if deemed necessary or appropriate; (b) align Sections 2.09 and 2.13 of Article II of the Bylaws with the Securities and Exchange Commission’s requirements regarding universal proxies pursuant to Rule 14a-19 promulgated under the Securities Exchange Act of 1934, as amended; and (c) make certain other clarifying and conforming changes, including to align with the Company’s Corporate Governance Guidelines and the WBCL.”
Anesa T. Chaibi retired as Director at REGAL REXNORD CORP.
“Ms. Anesa T. Chaibi, director since 2014, informed the Board of her decision to retire from the Board, effective February 17, 2025”
Gerben W. Bakker was elected as Director at REGAL REXNORD CORP.
“the Board of Directors (the “Board”) of Regal Rexnord Corporation (the “Company”) elected each of Rashida A. Hodge and Gerben W. Bakker to serve on the Board, effective February 17, 2025, as a director”
Rashida A. Hodge was elected as Director at REGAL REXNORD CORP.
“the Board of Directors (the “Board”) of Regal Rexnord Corporation (the “Company”) elected each of Rashida A. Hodge and Gerben W. Bakker to serve on the Board, effective February 17, 2025, as a director”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.