{"schema_version":"secwatch.filing_event.v1","accession":"0000098362-24-000057","form_type":"8-K","ticker":"TKR","cik":"0000098362","company_name":"TIMKEN CO","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.598502+00:00","generated_at":"2026-06-03T03:50:31.413761+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Timken names Tarak Mehta as CEO; Kyle to retire and become advisor","bullets":["Tarak Mehta appointed CEO effective Sept 5, 2024; Richard Kyle to retire as CEO and serve as advisor through Feb 15, 2025.","Mehta receives $1.125M base salary, 120% bonus target, $5.175M equity target, $500K cash sign-on, and $2M deferred shares.","Kyle’s base salary reduced to $800K during transition; equity awards amended to continue vesting; eligible for prorated 2025 bonus.","Mehta to sign severance agreement providing 2x salary+bonus (pre-change of control) or 3x (post-change), plus standard non-compete.","Mehta expected to join the board later; no additional director compensation while CEO."],"urls":{"canonical":"https://secwatch.observer/filing/0000098362-24-000057","json":"https://secwatch.observer/filing/0000098362-24-000057.json","markdown":"https://secwatch.observer/filing/0000098362-24-000057.md","text":"https://secwatch.observer/filing/0000098362-24-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/98362/000009836224000057/0000098362-24-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/98362/000009836224000057/tkr-20240429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:50:31.413761+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2e8a5e95a4","claim":"Tarak Mehta was appointed as President and Chief Executive Officer at TIMKEN CO.","evidence_excerpt":"Tarak Mehta would be appointed CEO on September 5, 2024","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98362/000009836224000057/0000098362-24-000057-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"cfef73ca71","claim":"Richard G. Kyle departed as President and Chief Executive Officer at TIMKEN CO.","evidence_excerpt":"Richard G. Kyle, President and Chief Executive Officer (“CEO”) of the Company would be retiring from his position as CEO","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/98362/000009836224000057/0000098362-24-000057-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"retiring"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}