STOCK TITAN

Timken Applies to Cease Being a Reporting Issuer in Canada

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

Timken (NYSE:TKR), a global technology leader in engineered bearings and industrial motion, has applied to the Ontario Securities Commission (OSC) to cease being a reporting issuer in Canada. The company currently only holds reporting issuer status in Ontario.

If approved, Timken will no longer need to file separate financial reports in Canada but will maintain all required U.S. filings with the SEC and NYSE. Canadian shareholders will continue to receive all disclosures provided to U.S. shareholders. The company, which operates in 45 countries, reported $4.6 billion in sales for 2024 and employs approximately 19,000 people globally.

Timken (NYSE:TKR), leader globale della tecnologia in cuscinetti ingegnerizzati e movimento industriale, ha presentato all'Ontario Securities Commission (OSC) una richiesta per cessare di essere un emittente che deve fornire rapporti in Canada. Attualmente l'azienda detiene lo status di emissione solo in Ontario. Se approvato, Timken non dovrà più depositare rapporti finanziari separati in Canada, ma manterrà tutte le verifiche richieste negli Stati Uniti con la SEC e la NYSE. Gli azionisti canadesi continueranno a ricevere tutte le comunicazioni rese disponibili agli azionisti statunitensi. L'azienda, presente in 45 paesi, ha riportato $4.6 miliardi in vendite nel 2024 e impiega circa 19.000 dipendenti a livello globale.

Timken (NYSE:TKR), líder mundial en tecnología de rodamientos diseñados y movimiento industrial, ha presentado a la Ontario Securities Commission (OSC) una solicitud para dejar de ser un emisor informante en Canadá. Actualmente la empresa solo tiene estatus de emisor informante en Ontario. Si se aprueba, Timken ya no necesitará presentar informes financieros por separado en Canadá, pero mantendrá todas las presentaciones requeridas en Estados Unidos ante la SEC y la NYSE. Los accionistas canadienses seguirán recibiendo todas las divulgaciones proporcionadas a los accionistas de EE. UU. La empresa, que opera en 45 países, reportó $4,6 mil millones en ventas en 2024 y emplea aproximadamente 19.000 personas a nivel mundial.

Timken(NYSE:TKR), 엔지니어드 베어링 및 산업용 모션 분야의 글로벌 기술 선도기업은 캐나다에서 공시 발행인(보고 의무 보유자)으로서의 지위를 중지하기 위해 온타리오 증권위원회(OSC)에 신청했습니다. 현재 회사는 온타리오에서만 보고 의무를 갖고 있습니다. 승인이 되면 Timken은 캐나다에서 별도의 재무 보고서를 제출할 필요가 없게 되지만 미국의 SEC와 NYSE에 대한 모든 필수 공시는 유지합니다. 캐나다 주주들은 미국 주주들에게 제공되는 모든 공시를 계속 받게 됩니다. 45개국에서 사업하는 이 회사는 2024년 매출 46억 달러를 기록했고 전세계적으로 약 19,000명을 고용하고 있습니다.

Timken (NYSE: TKR), leader mondial de la technologie dans les roulements conçus et le mouvement industriel, a soumis à l'organisme de réglementation des valeurs mobilières de l'Ontario (OSC) une demande de cessation de son statut d'émetteur informatif au Canada. Actuellement, l'entreprise ne détient le statut d'émetteur qu'en Ontario. Si celle-ci est approuvée, Timken n'aura plus besoin de déposer des rapports financiers distincts au Canada, mais continuera à déposer toutes les obligations américaines auprès de la SEC et du NYSE. Les actionnaires canadiens continueront de recevoir toutes les divulgations fournies aux actionnaires américains. L'entreprise, présente dans 45 pays, a déclaré $4,6 milliards de dollars de ventes en 2024 et emploie environ 19 000 personnes dans le monde.

Timken (NYSE: TKR), ein globaler Technologieführer bei entwickelten Lagern und industrieller Bewegung, hat bei der Ontario Securities Commission (OSC) beantragt, kein berichtspflichtiger Emittent mehr in Kanada zu sein. Derzeit hat das Unternehmen nur in Ontario den Status eines berichtspflichtigen Emittenten. Wird dem Antrag stattgegeben, muss Timken in Kanada keine separaten Finanzberichte mehr einreichen, behält jedoch alle erforderlichen US‑Einreichungen bei der SEC und der NYSE bei. Kanadische Aktionäre erhalten weiterhin alle Offenlegungen, die auch US‑Aktionären zur Verfügung gestellt werden. Das Unternehmen, das in 45 Ländern tätig ist, meldete im Jahr 2024 Umsätze in Höhe von 4,6 Milliarden USD und beschäftigt weltweit ca. 19.000 Personen.

Timken (NYSE:TKR)، الشركة الرائدة عالميًا في تكنولوجيا المحامل المصممة والحركة الصناعية، قد قدّمت إلى لجنة الأوراق المالية الكندية (OSC) طلبًا لوقف اعتبارها مُصدرًا مُبلِّغًا في كندا. حاليًا تمتلك الشركة وضع مُصدر مُبلغ فقط في أونتاريو. إذا تمت الموافقة، لن تحتاج Timken إلى تقديم تقارير مالية منفصلة في كندا، لكنها ستحتفظ بجميع الإيداعات الأمريكية المطلوبة لدى هيئة الأوراق المالية (SEC) وبورصة نيويورك (NYSE). سيستمر المساهمون الكنديون في تلقي جميع الإفصاحات المقدمة للمساهمين الأمريكيين. الشركة، التي تعمل في 45 دولة، أبلغت عن مبيعات قدرها 4.6 مليار دولار في 2024 وتوظف نحو 19,000 موظف حول العالم.

Timken(NYSE:TKR),全球工程轴承与工业运动领域的技术领导者,已向加拿大安大略省证券委员会(OSC)申请停止成为加拿大的披露发行人。公司目前在安大略省才拥有披露发行人身份。如获批准,Timken 将不再需要在加拿大提交单独的财务报告,但将继续履行在美国对SEC和NYSE的全部合规申报。加拿大股东将继续收到向美国股东提供的所有披露。该公司在45个国家运营,2024年销售额为46亿美元,全球员工约19,000人

Positive
  • None.
Negative
  • None.

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: TKRwww.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 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/timken-applies-to-cease-being-a-reporting-issuer-in-canada-302566314.html

SOURCE The Timken Company

FAQ

What is Timken (TKR) requesting from the Ontario Securities Commission?

Timken is requesting to cease being a reporting issuer in Ontario, Canada, which would eliminate the requirement to file separate financial reports in Canada while maintaining all U.S. filing requirements.

How will this change affect Timken's Canadian shareholders?

Canadian shareholders will continue to receive all the same disclosures provided to U.S. shareholders, with materials remaining publicly available through SEC filings and NYSE requirements.

What was Timken's revenue in 2024?

Timken reported $4.6 billion in sales for the 2024 fiscal year.

How many countries does Timken operate in and how many employees does it have?

Timken operates in 45 countries and employs approximately 19,000 people globally.
Timken

NYSE:TKR

TKR Rankings

TKR Latest News

TKR Latest SEC Filings

TKR Stock Data

5.35B
62.87M
9.71%
93.66%
3.83%
Tools & Accessories
Ball & Roller Bearings
Link
United States
NORTH CANTON