---
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"
generated_at: "2026-06-03T03:50:31.413761+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Timken names Tarak Mehta as CEO; Kyle to retire and become advisor

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000098362-24-000057
- JSON: https://secwatch.observer/filing/0000098362-24-000057.json
- Plain text: https://secwatch.observer/filing/0000098362-24-000057.txt

## Key facts
- Executive change
  Tarak Mehta was appointed as President and Chief Executive Officer at TIMKEN CO.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: Tarak Mehta would be appointed CEO on September 5, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/98362/000009836224000057/0000098362-24-000057-index.htm
- Executive change
  Richard G. Kyle departed as President and Chief Executive Officer at TIMKEN CO.
  - Action: retiring
  - Role: President and Chief Executive Officer
  source text: Richard G. Kyle, President and Chief Executive Officer (“CEO”) of the Company would be retiring from his position as CEO
  evidence_url: https://www.sec.gov/Archives/edgar/data/98362/000009836224000057/0000098362-24-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.