1. Timken applied to cease being a reporting issuer in Ontario, Canada. 2. This may reduce reporting obligations to Canadian regulators. 3. Disclosure to Canadian shareholders will continue under US laws. 4. Timken still complies with all US financial reporting requirements. 5. Timken reported $4.6 billion in sales in 2024.
Reducing regulatory burdens can lead to more operational efficiency, reminiscent of past reductions following similar regulations, improving bottom lines.
The shift adds potential efficiency while maintaining transparency, potentially enhancing investor trust.
Immediate regulatory changes can present initial market reaction; precedence exists from other companies benefiting from similar deregulation.
NORTH CANTON, Ohio, Sept. 25, 2025 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global technology leader in engineered bearings and industrial motion, today announced that it has applied to the Ontario Securities Commission (the "OSC"), as principal regulator for an order to cease being a "reporting issuer" in Ontario, the only jurisdiction in Canada where it has that status.
If the OSC grants the request, Timken will no longer be required to file certain financial reports and disclosures in Canada that it already reports in the United States. However, the company will continue to file all financial statements and other continuous disclosure materials required with U.S. regulators and the New York Stock Exchange (NYSE). These documents will remain publicly available to all investors at www.sec.gov.
Canadian shareholders will continue to receive all Timken disclosures provided to U.S. shareholders, pursuant to securities laws of the United States and the rules of the NYSE.
About The Timken Company
The Timken Company (NYSE:TKR, www.timken.com), a global technology leader in engineered bearings and industrial motion, designs a growing portfolio of next-generation products for diverse industries. For more than 125 years, Timken has used its specialized expertise to innovate and create customer-centric solutions that increase reliability and efficiency. Timken posted $4.6 billion in sales in 2024 and employs approximately 19,000 people globally, operating from 45 countries.
Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com
Investor Relations:
Neil Frohnapple
234.262.2310
investors@timken.com
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SOURCE The Timken Company