Timken appoints Michael Discenza CFO, replacing Philip Fracassa departing Sept 5, 2025

TIMKEN CO

Michael A. Discenza named CFO effective Aug 14, 2025, succeeding Philip D. Fracassa who departs Sept 5 for another opportunity.
Discenza has 25+ years at Timken, most recently VP Finance & Group Controller since Oct 2022.
New CFO receives $500k base salary, 70% STI target, and ~$1.1M LTI grant starting 2026.
Severance: 1x base+incentive pre-change of control, 1.5x post-change of control.

item 5.02

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