Timken Applies to Cease Being a Reporting Issuer in Canada

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.

Rhea-AI Summary

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.

Argus Sep 25 session

-1.94% close to close Open Argus

Details

News Market Reaction – TKR

On Sep 25, the day this news came out, TKR closed 1.94% below the previous close.

Data tracked by StockTitan Argus for the Sep 25 session.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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 

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.