---
schema_version: "secwatch.filing_event.v1"
accession: "0000098362-24-000095"
form_type: "8-K"
ticker: "TKR"
cik: "0000098362"
company_name: "TIMKEN CO"
filed_at: "2024-05-28T23:59:59+00:00"
generated_at: "2026-06-01T08:30:06.102386+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Timken sells 5.0M TIL shares for >$230M; ownership drops to 51.05%

## Summary
- Gross proceeds over $230M from sale of 5.0M shares of Timken India Limited.
- Ownership reduced from 57.70% to 51.05%; Timken retains controlling interest.
- Net proceeds to support 2024 capital allocation priorities; expected accretive to 2024 EPS.
- No further share sales planned; Indian market remains strategically important.

## SEC filing metadata
- accession: 0000098362-24-000095
- form_type: 8-K
- ticker: TKR
- cik: 0000098362
- company_name: TIMKEN CO
- filed_at: 2024-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/98362/000009836224000095/0000098362-24-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/98362/000009836224000095/tkr-20240528.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000098362-24-000095
- JSON: https://secwatch.observer/filing/0000098362-24-000095.json
- Plain text: https://secwatch.observer/filing/0000098362-24-000095.txt

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