secwatch.observer — SEC 8-K summary
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Issuer:     TIMKEN CO (TKR)
CIK:        0000098362
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0000098362-25-000117
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98362/000009836225000117/0000098362-25-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98362/000009836225000117/tkr-20250814.htm
  HTML page:      https://secwatch.observer/filing/0000098362-25-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer