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2016-11-23T00:00:00.000Z

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Wrong Peter Underwood?

Mr. Peter C. Underwood

Vice President, General Counsel and Secretary

Regal Beloit Corporation

Direct Phone: (608) ***-****       

Email: p***@***.com

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Regal Beloit Corporation

200 State Street

Beloit, Wisconsin 53511

United States

Company Description

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 Beloit is headquartered in Beloit, Wisconsin, and has manufacturing, ... more

Find other employees at this company (3,336)

Background Information

Affiliations

Member of the Associate Board of Directors
Zoological Society of Milwaukee

Education

Russian language

Moscow State University

J.D. degree , cum laude

Harvard Law School

bachelor's degree

international relations

University of Wisconsin - Madison

Web References (39 Total References)


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www.sec.gov [cached]

0001502370 Underwood Peter C 200 STATE STREET BELOIT WI 53511 0 1 0 0 VP-General Counsel & Secretary


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www.sec.gov [cached]

0001502370 Underwood Peter C 200 STATE STREET BELOIT WI 53511 0 1 0 0 VP-General Counsel & Secretary


Peter C. ...

www.sec.gov [cached]

Peter C. Underwood

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(1)                                 Includes shares subject to currently exercisable rights to acquire common stock and options exercisable within 60 days of March 2, 2016 as follows:  Mr. Colvin, 62,770 shares; Mr. Gliebe, 271,800 shares; Mr. Hinrichs, 32,850 shares; Mr. Schlemmer, 24,800 shares; Mr. Underwood 24,800 shares; and all directors and executive officers as a group, 487,024 shares.
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Peter C. Underwood
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In the case of PSUs, the amounts shown are based on the probable outcome of performance conditions, consistent with the estimate of aggregate compensation cost to be recognized over the service period determined as of the grant date under ASC Topic 718 as follows: Mr. Gliebe — $880,905; Mr. Hinrichs — $209,184; Mr. Schlemmer —$238,811; Mr. Underwood — $144,068; and Mr. Colvin — $76,294.
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The values of the PSUs at the grant date if the highest level of performance conditions were to be achieved would be as follows: Mr. Gliebe — $1,527,833; Mr. Hinrichs — $363,398; Mr. Schlemmer —$414,195; Mr. Underwood — $250,080; and Mr. Colvin — $132,855.
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Peter C. Underwood
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Peter C. Underwood
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For Mr. Underwood: 3,150 units will vest based on performance through the end of fiscal year 2016 and 3,200 units will vest based on performance through the end of fiscal year 2017.
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Peter C. Underwood
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Peter C. Underwood
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Schlemmer, Underwood and Colvin, two times the sum of (1) the executive’s annual base salary then in effect (2) the higher of (i) the executive’s annual cash incentive target bonus for the fiscal year of the termination, which includes annual cash incentive payments under the SVA Cash Incentive Plan, or (ii) the annual cash incentive received in the year prior to the change in control and (3) the value of all fringe benefits.  The agreements with Messrs.
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Hinrichs, Schlemmer and Underwood, also contain a gross-up provision, which provides for additional payments to the executives to compensate them for any excise taxes on payments related to the change in control that may be imposed on the executives under the Internal Revenue Code.  We have adopted a policy prohibiting such gross-up provisions in future change of control and severance agreements with executive officers, and this policy applied to the agreements we entered into with Messrs.
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Hinrichs, Schlemmer and Underwood.
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Schlemmer, Underwood and Colvin, two years.  The executive will also be credited with, in the case of Messrs.
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Schlemmer, Underwood and Colvin, two years’ additional service under any post-retirement welfare benefit plan that we maintain.  Finally, we will pay any performance awards granted under a long-term incentive plan at target as if all performance requirements were met, but offset by any amount paid upon the change in control under the same award.  We do not currently maintain any long-term cash incentive plan and no awards are outstanding to our NEOs under any such plan.


Regal Beloit | Leadership

www.regalbeloit.com [cached]

Pete Underwood

...
Peter C. Underwood
Vice President, General Counsel and Secretary
Joined the Company in September 2010. Prior to joining the Company, Mr. Underwood was a partner at Foley & Lardner LLP, specializing in mergers and acquisitions, securities law, reporting compliance and corporate governance.


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www.sec.gov [cached]

0001502370 Underwood Peter C 200 STATE STREET BELOIT WI 53511 0 1 0 0 VP-General Counsel & Secretary

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