8-K

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):                              September 17, 2010

              Regal-Beloit Corporation

(Exact name of registrant as specified in its charter)

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, including area code)

           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))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 17, 2010, Regal Beloit Corporation (the “Company”) announced the appointment of Charles A. Hinrichs, age 56, to serve as the Company’s Vice President and Chief Financial Officer effective as of September 20, 2010.

Prior to joining the Company, Mr. Hinrichs served as Chief Financial Officer of Smurfit-Stone Container Corporation, a publicly-traded manufacturer of containerboard and corrugated packaging (“Smurfit”), from 2002 to 2009.  He also served as Smurfit’s Senior Vice President, from 2005 to 2009, and Vice President, from 2002 to 2005.  Prior to becoming Chief Financial Officer of Smurfit, Mr. Hinrichs also served as Treasurer from 1995 to 2002.  At Smurfit, Mr. Hinrichs was responsible for financial, treasury, financial planning and analysis, investor relations and mergers and acquisitions activities.  Smurfit had net sales of approximately $5.6 billion in 2009.  Mr. Hinrichs received his bachelor’s degree in Accounting from the University of Missouri-St. Louis and his M.B.A. from St. Louis University.

Mr. Hinrichs is a party to an offer letter with the Company that specifies his compensation and benefits. Mr. Hinrichs’ annual base salary will be $390,000, and he will be eligible to participate in the Shareholder Value Added Plan, the Company’s annual cash incentive program for executive officers and key managers, at an incentive target of 55% of base salary.  Mr. Hinrichs will also receive long-term compensation in the form of a grant of restricted stock units valued at $200,000, made two days after the Company’s third quarter earnings call.  The restricted stock units will initially be subject to forfeiture and will vest on the third anniversary of the grant date, contingent on Mr. Hinrichs’ continued employment until the vesting date.  Future long-term compensation will be det ermined by the Compensation and Human Resources Committee of the Company’s Board of Directors in a manner consistent with the determination of long-term compensation awards for the rest of the Company’s senior management.

Mr. Hinrichs will be eligible to participate in the Company’s Target Supplemental Retirement Plan and 401(k) Plan.  He will also receive the use of an automobile for business purposes and the standard benefits provided to other members of the Company’s senior management.  To facilitate Mr. Hinrichs’ relocation, the Company will provide him with a relocation package that will cover the purchase of his current residence, with the understanding that Mr. Hinrichs will be required to reimburse the Company for the costs of the relocation package if he voluntarily leaves employment with the Company before the third anniversary of his appointment.

The Company’s press release issued on September 17, 2010 announcing Mr. Hinrichs’ appointment is filed herewith as Exhibit 99 and incorporated herein by reference.

Item 9.01.                      Financial Statements and Exhibits.

(a)           Not applicable.

(b)           Not applicable.

(c)           Not applicable.

(d)           Exhibits.  The following exhibit is being filed herewith:

(99) Press release of Regal Beloit Corporation dated September 17, 2010.

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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:  September 17, 2010                                                              By:  /s/ Mark J. Gliebe

      Mark J. Gliebe

      President and Chief Operating Officer

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REGAL BELOIT CORPORATION

FORM 8-K

EXHIBIT INDEX

Exhibit

Number

(99) Press release of Regal Beloit Corporation dated September 17, 2010.

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EX-99

	NEWS RELEASE
	FOR IMMEDIATE RELEASE
	FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
	John M. Perino Vice President Investor Relations 608-361-7501

REGAL BELOIT APPOINTS NEW VICE PRESIDENT AND

CHIEF FINANCIAL OFFICER

September 17, 2010 (Beloit, WI):  Regal Beloit Corporation (NYSE:RBC) announced today the appointment of Charles (Chuck) Hinrichs as Vice President and Chief Financial Officer, effective September 20, 2010.  Mr. Hinrichs will report directly to Henry Knueppel, Chairman and Chief Executive Officer.

Mr. Hinrichs has 32 years of financial and accounting experience including 18 years in corporate banking and 14 years with Smurfit-Stone Container Corporation (NYSE:SSCC), a manufacturer of containerboard and corrugated packaging.  Mr. Hinrichs served as Chief Financial Officer of SSCC from 2002 to 2009, and served as Treasurer of the company from 1995 to 2002. Mr. Hinrichs received his bachelor's degree in Accounting from the University of Missouri – St. Louis and his MBA from St. Louis University.

“We are very excited to have Chuck join the Regal Beloit team,” commented Henry Knueppel, Chairman and Chief Executive Officer.   “His prior experience as CFO of a large public manufacturing company as well as his extensive background in corporate finance, treasury, mergers and acquisitions, investor relations and other finance activities make him the right choice for Regal Beloit.  With Chuck’s strong presence and excellent interpersonal skills, he’ll be a great addition to the Regal Beloit team.”

Regal Beloit Corporation is a leading manufacturer of mechanical and electrical motion control and power generation products serving markets throughout the world.  Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia.  Regal Beloit’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