Timken Co. Updates Executive Compensation
Ticker: TKR · Form: 8-K · Filed: Apr 1, 2024 · CIK: 98362
| Field | Detail |
|---|---|
| Company | Timken CO (TKR) |
| Form Type | 8-K |
| Filed Date | Apr 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement
TL;DR
Timken Co. inked a new employment deal for exec Christopher Coughlin on 3/26/24, detailing his pay package.
AI Summary
On March 26, 2024, The Timken Company announced changes to its executive compensation arrangements. Specifically, the company entered into a new employment agreement with Christopher J. Coughlin, effective March 26, 2024, which includes details on his base salary, annual incentive opportunity, and long-term incentive awards.
Why It Matters
This filing details changes in executive compensation, which can impact investor perception of management alignment and future company performance.
Risk Assessment
Risk Level: low — The filing concerns routine executive compensation adjustments and does not indicate significant financial or operational risks.
Key Players & Entities
- The Timken Company (company) — Registrant
- Christopher J. Coughlin (person) — Executive Officer
- March 26, 2024 (date) — Effective date of employment agreement
FAQ
What is the effective date of the new employment agreement for Christopher J. Coughlin?
The new employment agreement for Christopher J. Coughlin is effective March 26, 2024.
What specific aspects of compensation are detailed in the new agreement?
The new agreement details Christopher J. Coughlin's base salary, annual incentive opportunity, and long-term incentive awards.
What is the filing date of this Form 8-K?
This Form 8-K was filed on April 1, 2024.
What is the primary business of The Timken Company?
The Timken Company is in the business of BALL & ROLLER BEARINGS, with SIC code 3562.
In which state was The Timken Company incorporated?
The Timken Company was incorporated in Ohio.
Filing Stats: 646 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-04-01 16:18:24
Filing Documents
- tkr-20240326.htm (8-K) — 24KB
- 0000098362-24-000045.txt ( ) — 171KB
- tkr-20240326.xsd (EX-101.SCH) — 2KB
- tkr-20240326_def.xml (EX-101.DEF) — 14KB
- tkr-20240326_lab.xml (EX-101.LAB) — 25KB
- tkr-20240326_pre.xml (EX-101.PRE) — 15KB
- tkr-20240326_htm.xml (XML) — 3KB
SIGNATURES
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. THE TIMKEN COMPANY By: /s/ Hansal N. Patel Hansal N. Patel Vice President, General Counsel & Secretary Date: April 1, 2024