Item 3. Legal Proceedings
Item 3. Legal Proceedings
The Company is involved in various claims and legal actions arising in the ordinary course of business. SEC regulations require us to disclose certain information about legal proceedings when a governmental authority is a party to the proceedings if we reasonably believe that such proceedings may result in monetary sanctions above a stated threshold. Pursuant to such regulations, the Company uses a threshold of $1 million or more for purposes of determining whether disclosure of any such proceedings is required. We believe matters under this threshold are not material to the Company. In the opinion of management, the ultimate disposition of open proceedings as of December 31, 2024 will not have a material adverse effect on the Company’s consolidated financial position or annual results of operations.
Item 4. Mine Safety Disclosures
Not applicable.
Item 4A. Information about our Executive Officers
The executive officers are elected by the Board of Directors normally for a term of one year and until the election of their successors. All executive officers, except Tarak B. Mehta, have been employed by Timken for the past five years. Mr. Mehta joined the Company on September 5, 2024. The executive officers of the Company as of February 20, 2025 are as follows:
Name Age Current Position and Previous Positions During Last Five Years
Christopher A. Coughlin 64 2022 Executive Vice President and President of Industrial Motion
2014 Executive Vice President and Group President
Philip D. Fracassa 56 2014 Executive Vice President and Chief Financial Officer
Tarak B. Mehta 58 2024 President and Chief Executive Officer
2022 President Motion Business – ABB Ltd
2016 President Electrification – ABB Ltd
Hansal N. Patel 44 2024 Executive Vice President, General Counsel and Secretary
2019 Vice President, General Counsel and Secretary
Natasha Pollock 50 2024 Vice President, Chief Human Resources Officer
2021 Vice President, Human Resources
2020 Director - Human Resources
Andreas Roellgen 57 2022 Executive Vice President and President of Engineered Bearings
2016 Vice President - Europe, Asia and Africa
20
Table of Contents
PART II.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.