Timken Co. Files 8-K: Board Changes & Compensation Details
Ticker: TKR · Form: 8-K · Filed: Feb 5, 2025 · CIK: 98362
| Field | Detail |
|---|---|
| Company | Timken CO (TKR) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, financial-reporting
TL;DR
Timken Co. 8-K filed: Board changes and executive pay details out.
AI Summary
On February 3, 2025, The Timken Company filed an 8-K report detailing a change in its board of directors and executive compensation arrangements. The filing also includes financial statements and exhibits related to its operations. The company, headquartered in North Canton, Ohio, is involved in the ball and roller bearings industry.
Why It Matters
This filing provides insight into potential shifts in corporate governance and executive compensation at Timken, which could influence investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and financial information, not indicating immediate operational or financial distress.
Key Numbers
- 0000098362 — Central Index Key (Unique identifier for the filer)
- 1-01169 — SEC File Number (SEC's file number for the company)
Key Players & Entities
- TIMKEN CO (company) — Registrant
- Ohio (location) — State of incorporation
- North Canton (location) — Principal executive offices location
- BALL & ROLLER BEARINGS (industry) — Standard Industrial Classification
FAQ
What specific changes were made to the board of directors?
The filing indicates changes in directors and the election of new directors, but the specific names and details of the changes are not provided in this excerpt.
What are the key details regarding compensatory arrangements for officers?
The filing mentions compensatory arrangements of certain officers, but the specific details of these arrangements are not elaborated in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 3, 2025.
What is Timken Company's Standard Industrial Classification?
Timken Company's Standard Industrial Classification is BALL & ROLLER BEARINGS [3562].
What is the address of Timken Company's principal executive offices?
The address of Timken Company's principal executive offices is 4500 Mount Pleasant Street NW, North Canton, Ohio 44720-5450.
Filing Stats: 618 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2025-02-05 06:52:56
Filing Documents
- tkr-20250203.htm (8-K) — 31KB
- tkrq42024exhibit991.htm (EX-99.1) — 459KB
- timkenlogoa50a.jpg (GRAPHIC) — 330KB
- 0000098362-25-000009.txt ( ) — 1127KB
- tkr-20250203.xsd (EX-101.SCH) — 2KB
- tkr-20250203_def.xml (EX-101.DEF) — 14KB
- tkr-20250203_lab.xml (EX-101.LAB) — 25KB
- tkr-20250203_pre.xml (EX-101.PRE) — 15KB
- tkr-20250203_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. The Timken Company (the "Company") issued a press release on February 5, 2025 announcing results for the fourth quarter and full year of 2024. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference. Also on February 5, 2025, the Company will host a conference call and post conference call materials to its website, www.timken.com. This information shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 3, 2025, Christopher A. Coughlin, Executive Vice President, President of Industrial Motion, of the Company notified the Company of his intention to retire by the end of December 2025. Mr. Coughlin will retire with 41 years of dedicated service to the Company.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of The Timken Company dated February 5, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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/ Philip D. Fracassa Philip D. Fracassa Executive Vice President and Chief Financial Officer Date: February 5, 2025 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release of The Timken Company dated February 5, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)