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Get filing alertsRBC Bearings amends CEO and COO employment agreements with 3% raises, equity pricing changes
Filed June 24, 2026 · Period ending June 23, 2026 · ~1 min read
Key Changes
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CEO Dr. Hartnett's base salary increased 3% to $1,591,350, retroactive to June 1, 2026; agreement runs through March 31, 2027 with automatic annual renewals.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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Equity awards for both executives now priced using six-month average stock price preceding 10-K filing, replacing award-date closing price methodology.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
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COO Mr. Bergeron received 3% salary increase to $713,482, effective June 1, 2026; ROIC calculation definitions aligned with historical company practice for both executives.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
RBC Bearings amended employment agreements for its two top executives on June 23, 2026. CEO Dr. Michael Hartnett and COO Daniel Bergeron each received 3% base salary increases retroactive to June 1, 2026, bringing their annual compensation to $1,591,350 and $713,482 respectively.
The amendments also modified how equity awards are priced, shifting from award-date closing prices to a six-month average stock price preceding the annual 10-K filing. The changes represent routine annual compensation adjustments. The equity pricing methodology change could reduce volatility in award valuations by smoothing short-term stock price fluctuations.
The ROIC calculation adjustments align contractual definitions with the company's existing practices rather than introducing new metrics. Dr. Hartnett's agreement term runs through March 31, 2027 with automatic renewals unless either party provides 90 days' notice.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
RBC amended employment agreements with CEO Dr. Hartnett and COO Mr. Bergeron on June 23, 2026.
Added in current filing · verify on EDGAR →
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.
The Company amended and restated the employment agreement with its CEO, Dr. Michael J. Hartnett. The 8-K does not disclose the specific terms, changes, or reasons for the amendment.
Added in current filing · verify on EDGAR →
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.
The Company amended the employment agreement with its COO, Daniel A. Bergeron, who originally entered into an employment agreement in 2024. The 8-K does not disclose the specific terms or changes in the amendment.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 29, 2026 · How we verify