Timken Company filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$TKR
Metal Fabrications
Industrials
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): | |||||
THE TIMKEN CO MPANY
(Exact name of registrant as specified in its charter)
Commission file number: 1-1169
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | ||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
(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.
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 8, 2026, The Timken Company (the “Company”) entered into a letter agreement (the “Letter Agreement”) with Hansal N. Patel, the Company’s Executive Vice President, General Counsel and Corporate Development. The primary purpose of the Letter Agreement is to provide Mr. Patel with special treatment of certain existing and future short-term and long-term incentive compensation awards in recognition of his contributions to the Company and in furtherance of his continued employment with the Company through at least June 30, 2028.
A copy of the Letter Agreement is filed as Exhibit 10.1 hereto and is expressly incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders.
At the 2026 Annual Meeting of Shareholders held on May 8, 2026, the shareholders of Company:
(1) elected the twelve Directors set forth below to serve for a term of one year expiring at the annual meeting in 2027 (or until their respective successors are elected and qualified);
| NOMINEES | FOR | WITHHOLD | BROKER NON-VOTES | |||||||||||||||||
| Lucian Boldea | 59,598,638 | 948,854 | 3,182,667 | |||||||||||||||||
| Maria A. Crowe | 58,028,580 | 2,518,912 | 3,182,667 | |||||||||||||||||
| Elizabeth A. Harrell | 58,197,705 | 2,349,787 | 3,182,667 | |||||||||||||||||
| Richard G. Kyle | 59,605,368 | 942,124 | 3,182,667 | |||||||||||||||||
| Sarah C. Lauber | 59,271,708 | 1,275,784 | 3,182,667 | |||||||||||||||||
| Todd M. Leombruno | 58,659,558 | 1,887,934 | 3,182,667 | |||||||||||||||||
| Christopher L. Mapes | 55,431,064 | 5,116,428 | 3,182,667 | |||||||||||||||||
| Ajita G. Rajendra | 53,788,853 | 6,758,639 | 3,182,667 | |||||||||||||||||
| Kimberly K. Ryan | 59,475,084 | 1,072,408 | 3,182,667 | |||||||||||||||||
| Frank C. Sullivan | 57,747,501 | 2,799,991 | 3,182,667 | |||||||||||||||||
| John M. Timken, Jr. | 58,945,757 | 1,601,735 | 3,182,667 | |||||||||||||||||
| Ward J. Timken, Jr. | 59,599,013 | 948,479 | 3,182,667 | |||||||||||||||||
(2) approved, on an advisory basis, the resolution set forth below regarding named executive officer compensation;
RESOLVED, that the compensation of the named executive officers as disclosed pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and any related material disclosed in the 2026 Proxy Statement, is hereby APPROVED.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||||||||
| 44,837,026 | 15,272,988 | 437,466 | 3,182,679 | |||||||||||||||||
(3) ratified the appointment of Ernst & Young LLP as its independent auditor for the fiscal year ending December 31, 2026; and
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||||||||
| 61,717,389 | 1,977,231 | 35,539 | 0 | |||||||||||||||||
(4) did not approve a shareholder proposal requesting that the Board of Directors take the steps necessary to amend the appropriate Company governing documents to give the owners of a combined 10% of our outstanding common stock the power to call a special shareholder meeting or the owners of the lowest percentage of shareholders, as governed by state law, the power to call a special shareholder meeting.
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTES | |||||||||||||||||
| 24,930,334 | 35,358,915 | 258,231 | 3,182,679 | |||||||||||||||||
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
No. Description
10.1 Letter Agreement dated as of May 8, 2026 between The Timken Company and Hansal N. Patel.
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/ Michael A. Discenza | ||||
| Michael A. Discenza | |||||
| Executive Vice President and Chief Financial Officer | |||||
Date: May 8, 2026 | |||||
EXHIBIT INDEX
| Exhibit No. | Description | |||||||
| Letter Agreement dated as of May 8, 2026 between The Timken Company and Hansal N. Patel. | ||||||||
| Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||