0000082811-11-000027.txt : 20110812 0000082811-11-000027.hdr.sgml : 20110812 20110812162903 ACCESSION NUMBER: 0000082811-11-000027 CONFORMED SUBMISSION TYPE: S-8 PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20110812 DATE AS OF CHANGE: 20110812 EFFECTIVENESS DATE: 20110812 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REGAL BELOIT CORP CENTRAL INDEX KEY: 0000082811 STANDARD INDUSTRIAL CLASSIFICATION: MOTORS & GENERATORS [3621] IRS NUMBER: 390875718 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: S-8 SEC ACT: 1933 Act SEC FILE NUMBER: 333-176283 FILM NUMBER: 111031744 BUSINESS ADDRESS: STREET 1: 200 STATE ST CITY: BELOIT STATE: WI ZIP: 53511 BUSINESS PHONE: 6083648800 MAIL ADDRESS: STREET 1: 200 STATE STREET CITY: BELOIT STATE: WI ZIP: 53511-6254 FORMER COMPANY: FORMER CONFORMED NAME: BELOIT TOOL CORP DATE OF NAME CHANGE: 19730522 FORMER COMPANY: FORMER CONFORMED NAME: RECORD A PUNCH CORP DATE OF NAME CHANGE: 19690320 S-8 1 rbcforms8.htm REGAL BELOIT CORPORATION FORM S-8 rbcforms8.htm
Registration No. 333-________
 
As filed with the United States Securities and Exchange Commission on August 12, 2011
 

 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________
 
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
__________________________________
 
REGAL-BELOIT CORPORATION
(Exact name of Registrant as specified in its charter)
 
Wisconsin
  
39-0875718
(State or other jurisdiction of incorporation or organization)
  
(I.R.S. Employer Identification No.)
200 State Street
    
Beloit, Wisconsin
  
53511
(Address of principal executive offices)
  
(Zip Code)

REGAL BELOIT CORPORATION RETIREMENT SAVINGS PLAN
(Full title of the plan)

Peter C. Underwood
Vice President, General Counsel and Secretary
Regal Beloit Corporation
200 State Street
Beloit, Wisconsin 53511
(608) 364-8800
(Name, address and telephone number of agent for service)
__________________________________
 
Large accelerated filer  T
Accelerated filer £
Non-accelerated filer £
Smaller reporting company £
__________________________________
 
CALCULATION OF REGISTRATION FEE
 
Title of
Securities to be Registered
  
Amount
to be
Registered
  
Proposed
Maximum Offering
Price Per Share
  
Proposed
Maximum Aggregate
Offering Price
  
Amount
of
Registration Fee
                 
Common Stock
$0.01 par value
  
500,000 shares
  
$50.97 (1)
  
$25,485,000 (1)
  
$2,959
                 

 
(1)
Estimated pursuant to Rule 457(c) under the Securities Act of 1933 solely for the purpose of calculating the registration fee based on the average of the high and low prices for Regal Beloit Corporation Common Stock on the New York Stock Exchange on August 10, 2011.
 
__________________________
 
Pursuant to Rule 416(c) under the Securities Act of 1933, this Registration Statement also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plans described herein.
 
In addition, pursuant to Rule 429 under the Securities Act of 1933, the Prospectus referred to herein also relates to Regal Beloit Corporation’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on November 12, 2008 (Reg. No. 333-155298).

MILW_
 
 
 

PART I
 

 
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
 
The purpose of this Registration Statement is to register 500,000 additional shares of Common Stock, $0.01 par value per share of Regal Beloit Corporation (the “Company”) in connection with the Regal Beloit Corporation Retirement Savings Plan (the “Plan”).
 
Pursuant to General Instruction E of Form S-8, the contents of the Company’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission (the “Commission”) on November 12, 2008 (Reg. No. 333-155298), including the documents incorporated by reference therein, are incorporated by reference into this Registration Statement.
 
PART II
 

 
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
 
Item 8.                      Exhibits.
 
The exhibits filed herewith or incorporated herein by reference are set forth in the attached Exhibit Index.
 
The undersigned registrant hereby undertakes that it has submitted the Plan, and any amendment thereto, to the Internal Revenue Service in a timely manner and has made or will make all changes required by the Internal Revenue Service in order to continue the qualification of the Plan under Section 401 of the Internal Revenue Code of 1986, as amended.
 
Item 9.                      Undertakings.
 
(a) The undersigned Registrant hereby undertakes:
 
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
 
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
 
(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement.  Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) of Securities Act if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and
 
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;
 
 
 
 
 
 
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Registration Statement.
 
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
 
(4) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, in a primary offering of securities of the Registrant pursuant to this Registration Statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the Registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
 
(i) Any preliminary prospectus or prospectus of the Registrant relating to the offering required to be filed pursuant to Rule 424 under the Securities Act of 1933;
 
(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the Registrant or used or referred to by the Registrant;
 
(iii) The portion of any other free writing prospectus relating to the offering containing material information about the Registrant or its securities provided by or on behalf of the Registrant; and
 
(iv) Any other communication that is an offer in the offering made by the Registrant to the purchaser.
 
(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
 
(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
 

 
MILW_
 
 
 

SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Beloit, State of Wisconsin, on this 12th day of August, 2011.
 
REGAL BELOIT CORPORATION
 
By:      /s/ Mark J. Gliebe                                                    
Mark J. Gliebe
President and Chief Executive Officer
 
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons on or before August 12, 2011 in the capacities indicated.  Each person whose signature appears below constitutes and appoints Charles A. Hinrichs and Peter C. Underwood, and each of them individually, his or her true and lawful attorney-in-fact and agent, with full power of substitution and revocation, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them, may lawfully do or cause to be done by virtue hereof.
 
Signature
  
Title
     
     
 
    
/s/ Mark J. Gliebe                                                      
  
President, Chief Executive Officer and Director
Mark J. Gliebe
  
(Principal Executive Officer)
     
     
/s/ Charles A. Hinrichs                                                      
  
Vice President and Chief Financial Officer
Charles A. Hinrichs
  
(Principal Financial Officer)
     
     
/s/ Peter J. Rowley                                                      
  
Vice President and Corporate Controller
Peter J. Rowley
  
(Principal Accounting Officer)
     
     
/s/ Henry Knueppel                                                      
  
Chairman of the Board
Henry Knueppel
    
     
     
/s/ Stephen M. Burt                                                      
  
Director
Stephen M. Burt
    
     
     
     
/s/ Christopher L. Doerr                                                      
  
Director
Christopher L. Doerr
    
     
     
/s/ Thomas J. Fischer                                                     
  
Director
Thomas J. Fischer
    
     
     
/s/ Dean A. Foate                                                          
 
Director
Dean A. Foate
    
     
     
/s/ Rakesh Sachdev                                                      
  
Director
Rakesh Sachdev
    
     
     
/s/ Carol N. Skornicka                                                      
  
Director
Carol N. Skornicka
    
     
     
/s/ Curtis W. Stoelting                                                      
  
Director
Curtis W. Stoelting
    


 
MILW_1
 
 
 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Regal Beloit Corporation Retirement Plan Committee, which administers the Regal Beloit Corporation Retirement Savings Plan, has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Beloit, and the State of Wisconsin, on this 12th day of August, 2011.
 
REGAL BELOIT CORPORATION
 
RETIREMENT PLAN COMMITTEE
 
By:    /s/ Mark J. Gliebe                                                              
Mark J. Gliebe
 
By:    /s/ Henry W. Knueppel                                                              
Henry W. Knueppel
 
By:    /s/ Jonathan J. Schlemmer                                                              
Jonathan J. Schlemmer
 
By:    /s/ Charles A. Hinrichs                                                              
Charles A. Hinrichs
 
By:   /s/ Peter C. Underwood 
Peter C. Underwood
 
By:    /s/ Terry R. Colvin                                                              
Terry R. Colvin
 
By:    /s/ Dennis J. Mikulecky                                                              
Dennis J. Mikulecky
 
By:    /s/ Ronn L. Claussen                                                              
Ronn L. Claussen
 
By:    /s/ Lyle K. Mathwich                                                              
Lyle K. Mathwich
 
The foregoing persons are a majority of the members of the Regal Beloit Corporation Retirement Plan Committee, which is the administrator of the Regal Beloit Corporation Retirement Savings Plan
 

 
MILW_
 
 
 

EXHIBIT INDEX
 
Exhibit Number
Exhibit Description
   
(4.1)
Articles of Incorporation of Regal Beloit Corporation, as amended through April 20, 2007.  [Incorporated by reference to Exhibit 3.1 to Regal Beloit Corporation’s Current Report on Form 8-K dated April 20, 2007 (File No. 001-07283)]
   
(4.2)
Amended and Restated Bylaws of Regal Beloit Corporation.  [Incorporated by reference to Exhibit 3.2 to Regal Beloit Corporation’s Current Report on Form 8-K dated April 20, 2007 (File No. 001-07283)]
   
(5)
Opinion of Peter C. Underwood, Vice President, General Counsel and Secretary of Regal Beloit Corporation.
 
 
(23.1)
Consent of Deloitte & Touche LLP.
 
 
(23.2)
Consent of Peter C. Underwood (contained in Exhibit (5)).
 
 
(24)
Powers of Attorney (included on the signature page to this Registration Statement).
 
 

 
MILW_
 
 
 

EX-5 2 pcuopinionletter.htm OPINION OF PETER C. UNDERWOOD pcuopinionletter.htm
Exhibit 5
 






                                                            Peter C. Underwood
                                                           Vice President, General Counsel
                                                                and Secretary

August 12, 2011

Regal Beloit Corporation
200 State Street
Beloit, Wisconsin 53511
  
 
Ladies and Gentlemen:
 
I am Vice President, General Counsel and Secretary of Regal Beloit Corporation, a Wisconsin corporation (the “Company”), and in that capacity I have acted as counsel to the Company in conjunction with the preparation of a Registration Statement on Form S-8 (the “Registration Statement”) to be filed by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), relating to 500,000 shares of the Company’s common stock, $0.01 par value (the “Common Stock”), that may be issued pursuant to the Regal Beloit Corporation Retirement Savings Plan (the “Plan”).
 
As counsel to the Company, I have examined: (i) the Registration Statement; (ii) the Plan and related documents; (iii) resolutions of the Board of Directors of the Company relating to the Plan and the issuance of Common Stock pursuant thereto; (iv) the Company’s Articles of Incorporation, as amended, and Amended and Restated Bylaws; and (v) such other corporate proceedings, documents and records as I have deemed necessary or appropriate to enable us to render this opinion.
 
Based on the foregoing, I am of the opinion that the shares of Common Stock covered by the Registration Statement that constitute shares newly issued by and purchased directly from the Company, when issued by the Company in the manner and for the consideration contemplated by the Plan, will be validly issued, fully paid and nonassessable.
 
With respect to the foregoing opinion, at one time Section 180.0622(2)(b) of the Wisconsin Business Corporation Law imposed personal liability upon shareholders for debts owing to employees of the Company for services performed, but not exceeding six months’ service in any one case.  This statutory provision was repealed by 2005 Wisconsin Act 474, which provided that the repeal applies to debts incurred on or after June 14, 2006.
 
I consent to the use of this opinion as an Exhibit to the Registration Statement. In giving my consent, I do not admit that I am an “expert” within the meaning of Section 11 of the Securities Act or within the category of persons whose consent is required by Section 7 of the Securities Act.
 
    Very truly yours,
 
                           /s/ Peter C. Underwood
   Peter C. Underwood
 
 
 
 
 

 
Corporate Office  •  200 State Street  •  Beloit, WI 53511-6254  •  608-364-8800  •  Fax 608-364-8818  •  www.regal-beloit.com

 
 
 

EX-23.1 3 consentofdt.htm CONSENT OF DELOITTE & TOUCHE LLP consentofdt.htm

Exhibit 23.1

 
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports relating to the consolidated financial statements and consolidated financial statement schedule of Regal Beloit Corporation and the effectiveness of Regal Beloit Corporation’s internal control over financial reporting dated March 2, 2011, appearing in the Annual Report on Form 10-K of Regal Beloit Corporation for the year ended January 1, 2011, and our report dated June 29, 2011 appearing in the Annual Report on Form 11-K of Regal Beloit Corporation Retirement Savings Plan for the year ended December 31, 2010.
 
 

 
 

/s/ DELOITTE & TOUCHE LLP
Milwaukee, Wisconsin
August 12, 2011
 

 
 
 

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