8-K
filed May 6, 2024, 7:59 PM ET
ticker TKR
CIK 0000098362
other material
confidence high
sentiment positive
materiality 0.15
Timken shareholders elect ten directors, approve say-on-pay, reject climate proposal
TIMKEN CO
- All ten director nominees elected; Christopher L. Mapes received 49.7M votes for (80.5% of votes cast).
- Advisory say-on-pay passed with 59.1M for (95.8% of votes cast).
- Ratification of Ernst & Young as auditor passed with 63.4M for.
- Amendment to 2019 Equity and Incentive Plan approved with 56.5M for (91.6% of votes cast).
- Shareholder proposal for science-based GHG reduction targets rejected, 13.3M for vs 47.6M against.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TIMKEN CO shareholders approved Approval of amendment and restatement of The Timken Company 2019 Equity and Incentive Compensation Plan at the 2024-05-03 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-03
Exact text from the filing
(4) approved the amendment and restatement of The Timken Company 2019 Equity and Incentive Compensation Plan;
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TIMKEN CO shareholders approved Ratification of appointment of Ernst & Young LLP as independent auditor for fiscal year ending December 31, 2024 at the 2024-05-03 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-03
Exact text from the filing
(3) ratified the appointment of Ernst & Young LLP as its independent auditor for the fiscal year ending December 31, 2024;
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TIMKEN CO shareholders rejected Shareholder proposal requesting independently-verified science-based greenhouse gas emissions reduction targets at the 2024-05-03 meeting.
- Outcome
- failed
- Meeting
- 2024-05-03
Exact text from the filing
(5) did not approve a shareholder proposal requesting that The Timken Company adopt independently-verified short- and medium-term science-based greenhouse gas emissions reduction targets, inclusive of emissions from its full value chain, in order to achieve net-zero emissions by 2050 in line with the Paris Agreement’s goal of limiting global temperature rise to 1.5 degrees Celsius.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TIMKEN CO shareholders approved Election of ten Directors to serve for a term of one year expiring at the annual meeting in 2025 at the 2024-05-03 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-03
Exact text from the filing
(1) elected the ten Directors set forth below to serve for a term of one year expiring at the annual meeting in 2025 (or until their respective successors are elected and qualified);
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TIMKEN CO shareholders approved Advisory approval of named executive officer compensation at the 2024-05-03 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-03
Exact text from the filing
(2) approved, on an advisory basis, the resolution set forth below regarding named executive officer compensation;
View on SEC.gov
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