Current Report Filing (8-k)
05 Juni 2014 - 8:51PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
_______________________
Date of Report
(Date of earliest event reported): June 5, 2014
Regal-Beloit Corporation
(Exact name of registrant as specified in its charter)
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Wisconsin | 1-7283 | 39-0875718 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
200 State Street, Beloit, Wisconsin 53511-6254
(Address of principal executive offices, including Zip code)
(608) 364-8800
(Registrant’s telephone number)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
_______________________
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On June 5, 2014, Regal Beloit Corporation (the “Company”) announced that it will cease operations at its Mt. Sterling, Kentucky and Winchester, Kentucky manufacturing facilities (the “Facilities”). The products and processes located at the Facilities will be transferred to other Company and outside facilities. The closures will affect approximately 200 employees. The Company expects this transition to occur over the next 18 months. The Company will conduct meetings with the labor union to discuss the impact of this decision in compliance with the National Labor Relations Act. Until those discussions are complete, the Company will not release information regarding the anticipated costs or benefits associated with the closures.
Item 9.01. Financial Statements and Exhibits.
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(d) | Exhibits. The following exhibit is being filed herewith: |
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99 | News Release of Regal Beloit Corporation, dated June 5, 2014 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
REGAL BELOIT CORPORATION
Date: June 5, 2014 By: /s/ Peter C. Underwood
Peter C. Underwood
Vice President, General Counsel and Secretary
REGAL BELOIT CORPORATION
Exhibit Index to Report on Form 8-K
Dated June 5, 2014
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Exhibit Number | | Exhibit Description |
99 | | News Release of Regal Beloit Corporation, dated June 5, 2014 |
FOR RELEASE ON OR AFTER: June 5, 2014
CONTACT:
John Perino, VP Investor Relations
608-361-7501
john.perino@regalbeloit.com
REGAL BELOIT CORPORATION ANNOUNCES ADDITIONAL PLANT RESTRUCTURING
June 5, 2014 (Beloit, WI): Regal Beloit Corporation (NYSE:RBC) has informed employees at its Mt. Sterling and Winchester, Kentucky locations of its decision to cease operations at both facilities. The products and processes located at these facilities will be transferred to other Regal and non-Regal facilities. This will affect approximately 200 employees.
Regal has multiple manufacturing facilities that make various component parts and motors. Regal believes that consolidating these operations will enable it to remain globally competitive, reduce variation between its manufacturing facilities and improve cycle times. The decision to close these facilities is not a reflection on the efforts of Regal employees.
Regal will be meeting with the union to discuss the impact of this decision in compliance with the National Labor Relations Act. It is the Company’s intention to provide a comprehensive benefits package for eligible employees affected by the plant closures.
Regal’s goal will be to help affected employees make a successful transition from their jobs to other work within Regal Beloit Corporation or in the community.
Please direct inquiries to: John Perino, VP Investor Relations
Ph: 608-361-7501
Email: john.perino@regalbeloit.com
Regal Beloit Corporation is a leading manufacturer of electric motors, mechanical and electrical motion controls and power generation products serving markets throughout the world. Regal is headquartered in Beloit, Wisconsin, and has manufacturing, sales and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal’s common stock is a component of the S&P Mid Cap 400 Index and the Russell 2000 Index.
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Corporate Offices
200 State Street • Beloit, WI 53511-6254
608-364-8808 • Fax: 608-364-8818
Website: www.regalbeloit.com
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