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): May
8, 2006
REGAL-BELOIT
CORPORATION
(Exact
name of registrant as specified in its charter)
|
Wisconsin
|
1-7283
|
39-0875718
|
|
(State
of other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
200
State Street, Beloit, Wisconsin 53511
(Address
of principal executive office)
(608)
364-8800
Registrant’s
telephone number, including area code
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)
□ Precommencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
□ Precommencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
|
Item
8.01
|
Other
Events.
|
On
May 8,
2006 REGAL-BELOIT CORPORATION announced the completion of the sale of
substantially all of the assets of the Company’s Regal Cutting Tools business to
YG-1 Co., Ltd. The
sale
of the business will reduce REGAL-BELOIT’S
sales by
approximately $17 million on an annual basis and will be neutral to earnings.
The terms of the sale were not disclosed.
|
Item
9.01
|
Financial
Statements and Exhibits.
|
| (a) |
Not
Applicable
|
| (b) |
Not
Applicable
|
| (c) |
Not
Applicable
|
| (d) |
Exhibits:
The following exhibit is being furnished
herewith:
|
(99)
Press Release of REGAL-BELOIT CORPORATION dated May
8,
2006
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: May 8, 2006 | By: | /s/ David A. Barta |
|
|
||
| Vice President, Chief Financial Officer | ||