Form 8-K RBC Bearings INC For: Jun 23
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of report: June 24, 2026 (Date of earliest event reported:
(Exact name of registrant as specified in its charter)
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(Commission File Number) | (IRS Employer Identification No.) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Section 1 – Registrant’s Business and Operations
Item 1.01. Entry into a Material Definitive Agreement
On June 23, 2026 RBC Bearings Incorporated (the “Company” or “RBC”) entered into an amended and restated employment agreement with Dr. Michael J. Hartnett, the Company’s President, Chief Executive Officer and Chairman of the Board of Directors. On the same date the Company and Daniel A. Bergeron, the Company’s Vice President and Chief Operating Officer, entered into an amendment to the employment agreement that the Company and Mr. Bergeron entered into in 2024.
See Item 5.02(e) below for a description of Dr. Hartnett’s new employment agreement and Mr. Bergeron’s amendment to his current employment agreement, which description is incorporated by reference in this Item 1.01.
Section 5 – Corporate Governance and Management
Item 5.02(e). Compensation Arrangements of Certain Officers
The new employment agreement entered into with Dr. Hartnett on June 23, 2026 amends and restates the employment agreement that the Company and Dr. Hartnett entered into in 2024 (which was filed with the SEC as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated June 28, 2024). The new agreement has an initial term that expires on March 31, 2027 with automatic annual renewals thereafter unless either party gives 90 days’ notice of nonrenewal. The new agreement is substantially similar to Dr. Hartnett’s prior employment agreement except that it provides for (i) Dr. Hartnett’s new base salary of $1,591,350 per year (a 3.0% increase over the prior year), retroactive to June 1, 2026, (ii) certain modifications to his performance-based compensation tables, (iii) sizing of his equity awards based on RBC’s average closing stock price for the six months immediately preceding the filing of the Annual Report on Form 10-K for the then-completed fiscal year (rather than the closing stock price on the award date as was the case under the 2024 agreement), and (iv) modifications to the definitions in the 2024 agreement regarding the calculation of ROIC so that those definitions align with the Company’s historical practice.
The amendment entered into with Mr. Bergeron on June 23, 2026 amends the employment agreement that the Company and Mr. Bergeron entered into in 2024 (which was filed with the SEC as Exhibit 10.2 to the Company’s Current Report on Form 8-K dated June 28, 2024). The new amendment provides for (i) sizing of his equity awards based on RBC’s average closing stock price for the six months immediately preceding the filing of the Annual Report on Form 10-K for the then-completed fiscal year (rather than the closing stock price on the award date as was the case under the current agreement before it was amended), and (ii) modifications to the definitions in his current agreement regarding the calculation of ROIC so that those definitions align with the Company’s historical practice. At the same time that the Compensation Committee approved the amendment of Mr. Bergeron’s agreement, it approved a 3.0% increase in his annual base salary to $713,482, effective June 1, 2026.
The foregoing description of Dr. Hartnett’s new employment agreement and Mr. Bergeron’s amendment to his current employment agreement do not purport to be complete and are subject to, and qualified in their entirety by, reference to the provisions of Exhibits 10.1 and 10.2 to this Current Report on Form 8-K.
Section 9 – Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| 10.1 | Amended and Restated Employment Agreement dated as of June 23, 2026 between RBC Bearings Incorporated and Dr. Michael J. Hartnett | |
| 10.2 | Amendment No. 1 to Amended and Restated Employment Agreement dated as of June 23, 2026 between RBC Bearings Incorporated and Daniel A. Bergeron | |
| 104 | Cover page interactive data file (embedded within the inline XBRL) |
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SIGNATURES
According to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: June 24, 2026
| RBC BEARINGS INCORPORATED | |||
| By: | /s/ John J. Feeney | ||
| Name: | John J. Feeney | ||
| Title: | Vice President, General Counsel and Secretary | ||
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ATTACHMENTS / EXHIBITS
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