Timken Management

Management criteria checks 2/4

Timken's CEO is Rich Kyle, appointed in May 2014, has a tenure of 9.92 years. total yearly compensation is $10.78M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.55% of the company’s shares, worth €30.66M. The average tenure of the management team and the board of directors is 6.5 years and 10.2 years respectively.

Key information

Rich Kyle

Chief executive officer

US$10.8m

Total compensation

CEO salary percentage	10.6%
CEO tenure	9.9yrs
CEO ownership	0.6%
Management average tenure	6.5yrs
Board average tenure	10.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rich Kyle's remuneration changed compared to Timken's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$11m	US$1m	US$394m
Sep 30 2023	n/a	n/a	US$433m
Jun 30 2023	n/a	n/a	US$432m
Mar 31 2023	n/a	n/a	US$412m
Dec 31 2022	US$8m	US$1m	US$407m
Sep 30 2022	n/a	n/a	US$373m
Jun 30 2022	n/a	n/a	US$374m
Mar 31 2022	n/a	n/a	US$374m
Dec 31 2021	US$10m	US$1m	US$369m
Sep 30 2021	n/a	n/a	US$359m
Jun 30 2021	n/a	n/a	US$360m
Mar 31 2021	n/a	n/a	US$317m
Dec 31 2020	US$11m	US$843k	US$285m
Sep 30 2020	n/a	n/a	US$345m
Jun 30 2020	n/a	n/a	US$320m
Mar 31 2020	n/a	n/a	US$351m
Dec 31 2019	US$12m	US$982k	US$362m
Sep 30 2019	n/a	n/a	US$309m
Jun 30 2019	n/a	n/a	US$316m
Mar 31 2019	n/a	n/a	US$315m
Dec 31 2018	US$9m	US$942k	US$303m
Sep 30 2018	n/a	n/a	US$272m
Jun 30 2018	n/a	n/a	US$254m
Mar 31 2018	n/a	n/a	US$245m
Dec 31 2017	US$9m	US$900k	US$203m

Compensation vs Market: Rich's total compensation ($USD10.78M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Rich's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Rich Kyle (57 yo)

9.9yrs

Tenure

US$10,778,409

Compensation

Mr. Richard G. Kyle, also known as Rich, has been the Chief Executive Officer and President of The Timken Company since May 2014. Mr. Kyle served as the Chief Operating Officer of Bearings and Power Transm...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Kyle	President	9.9yrs	US$10.78m	0.55% $ 30.7m
Philip Fracassa	Executive VP	10.1yrs	US$4.56m	0.16% $ 9.2m
Hansal Patel	VP, General Counsel & Secretary	4.9yrs	US$2.00m	0.029% $ 1.6m
Christopher Coughlin	Executive VP & President of Industrial Motion	10.3yrs	US$3.89m	0.15% $ 8.3m
Karl Roellgen	Executive VP & President of Engineered Bearings	1.7yrs	US$2.48m	0.11% $ 6.1m
Douglas Smith	Vice President of Technology	4.5yrs	no data	no data
Meghan Elmblad	Interim Manager of Investor Relations	less than a year	no data	no data
Michael Connors	Vice President of Global Marketing	8.1yrs	no data	no data
Natasha Pollock	Vice President of Human Resources	9.3yrs	no data	0.017% $ 961.1k
Sanjay Koul	President of India & Southeast Asia and MD of India	3.3yrs	no data	no data
Thomas Webb	Chief Engineer of Oil & Gas - Steel Segment	no data	no data	no data
Michael Discenza	VP of Finance & Group Controller	no data	no data	no data

6.5yrs

Average Tenure

55yo

Average Age

Experienced Management: TKH's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Kyle	President	11.3yrs	US$10.78m	0.55% $ 30.7m
Ajita Rajendra	Independent Director	9.7yrs	US$281.15k	0.033% $ 1.8m
Frank Sullivan	Independent Director	20.4yrs	US$248.92k	0.088% $ 4.9m
Ward Timken	Director	22.3yrs	US$242.20k	0.36% $ 19.8m
John Luke	Independent Director	25.3yrs	US$259.03k	0.10% $ 5.8m
James Palmer	Independent Director	8.7yrs	US$275.62k	0.028% $ 1.6m
John Timken	Independent Chairman	38.3yrs	US$371.72k	1.94% $ 107.8m
Christopher Mapes	Independent Director	10.2yrs	US$264.12k	0.035% $ 2.0m
Maria Crowe	Independent Director	9.4yrs	US$266.39k	0.034% $ 1.9m
Sarah Lauber	Independent Director	3.3yrs	US$265.85k	0.0069% $ 384.7k
Elizabeth Harrell	Independent Director	6.7yrs	US$259.59k	0.0073% $ 404.7k

10.2yrs

Average Tenure

63yo

Average Age

Experienced Board: TKH's board of directors are seasoned and experienced ( 10.2 years average tenure).

Timken Management

Management criteria checks 2/4

Key information

Recent management updates

The Timken Company Announces Chief Executive Officer Changes

The Timken Company Announces Chief Executive Officer Changes

The Timken Company, Annual General Meeting, May 03, 2024

Executive VP recently sold €341k worth of stock

President recently sold €1.7m worth of stock

Insider recently sold €1.2m worth of stock

Recent updates

The Timken Company to Report Q1, 2024 Results on Apr 30, 2024

The Timken Company Announces Chief Executive Officer Changes

The Timken Company Announces Chief Executive Officer Changes

The Timken Company, Annual General Meeting, May 03, 2024

Fourth quarter dividend of US$0.33 announced

The Timken Company Declares Quarterly Cash Dividend, Payable on March 6, 2024

Full year 2023 earnings released: EPS: US$5.52 (vs US$5.54 in FY 2022)

The Timken Company Provides Earnings Guidance for the Fiscal Year 2024

The Timken Company to Report Q4, 2023 Results on Feb 05, 2024

The Timken Company (NYSE:TKR) acquired Lagersmit Sealing Solutions B.V. from Anders Invest B.V. and De Hoge Dennen Capital PE BV.

The Timken Company (NYSE:TKR) acquired Lagersmit Sealing Solutions B.V.

Executive VP recently sold €341k worth of stock

The Timken Company Declares Quarterly Cash Dividend, Payable on Nov. 29, 2023

The Timken Company (NYSE:TKR) completed the acquisition of Innovative Mechanical Solutions Ltd.

The Timken Company Provides Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$1.24 (vs US$1.19 in 3Q 2022)

Zhejiang Tianma Bearing Group Co., Ltd. acquired Jiangsu Twb Bearings Co.,Ltd. from The Timken Company (NYSE:TKR).

The Timken Company (NYSE:TKR) entered into an agreement to acquire Innovative Mechanical Solutions Ltd..

The Timken Company to Report Q3, 2023 Results on Nov 01, 2023

The Timken Company (NYSE:TKR) acquired Des-Case Corporation.

President recently sold €1.7m worth of stock

The Timken Company Provides Earnings Guidance for the Full Year 2023

Now 26% undervalued

The Timken Company Declares Quarterly Cash Dividend, Payable on August 28, 2023

The Timken Company to Report Q2, 2023 Results on Aug 03, 2023

Now 20% undervalued

Investor sentiment improves as stock rises 16%

The Timken Company Announces Quarterly Dividend, Payable on May 30, 2023

The Timken Company Raises Earnings Guidance for the Full Year 2023

First quarter 2023 earnings released: EPS: US$1.69 (vs US$1.58 in 1Q 2022)

Insider recently sold €1.2m worth of stock

The Timken Company Declares Quarterly Dividend, Payable on March 6, 2023

Full year 2022 earnings released: EPS: US$5.54 (vs US$4.86 in FY 2021)

The Timken Company Provides Earnings Guidance for the Year 2023

The Timken Company (NYSE:TKR) acquired Assets of American Roller Bearing Company.

The Timken Company (NYSE:TKR) reached an agreement to acquire Nadella S.p.A. from Intermediate Capital Group plc (LSE:ICP).

The Timken Company to Report Q4, 2022 Results on Feb 06, 2023

Independent Director recently sold €130k worth of stock

Insufficient new directors

The Timken Company Declares Quarterly Cash Dividend, Payable on December 2, 2022

The Timken Company (NYSE:TKR) acquired GGB, Inc. from Enpro Holdings, Inc. for 305 million.

Insider recently sold €1.0m worth of stock

PCX Aerostructures, LLC completed the acquisition of Timken Aerospace Drive Systems, LLC from The Timken Company (NYSE:TKR).

the Timken Company Announces Earnings Guidance for 2022

Third quarter 2022 earnings released: EPS: US$1.19 (vs US$1.16 in 3Q 2021)

An unknown buyer agreed to acquire Timken Aerospace Drive Systems, LLC from The Timken Company (NYSE:TKR).

The Timken Company to Report Q3, 2022 Results on Oct 26, 2022

The Timken Company (NYSE:TKR) agreed to acquire GGB, Inc. from Enpro Holdings, Inc for $305 million.

The Timken Company Announces Executive Officer Appointments

The Timken Company Declares Quarterly Cash Dividend, Payable on September 2, 2022

Second quarter 2022 earnings released: EPS: US$1.43 (vs US$1.38 in 2Q 2021)

The Timken Company Provides Earnings Guidance for the Year 2022

The Timken Company to Report Q2, 2022 Results on Jul 28, 2022

Independent Director recently sold €160k worth of stock

The Timken Company (NYSE:TKR) completed the acquisition of SPINEA, s.r.o. from KIMEX Group, s.r.o.

The Timken Company Declares Quarterly Dividend, Payable on June 2, 2022

First quarter 2022 earnings released: EPS: US$1.58 (vs US$1.49 in 1Q 2021)

Insufficient new directors

The Timken Company to Report Q1, 2022 Results on May 02, 2022

Executive VP recently sold €301k worth of stock

The Timken Company Declares Quarterly Dividend, Payable on March 4, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

The Timken Company Provides Earnings Guidance for the Fiscal Year 2022

Executive Vice President of Human Resources Ronald Myers has left the company

Third quarter 2021 earnings released: EPS US$1.16 (vs US$1.18 in 3Q 2020)

The Timken Company (NYSE:TKR) acquired Intelligent Machine Solutions, Inc.

Upcoming dividend of US$0.30 per share

The Timken Company Provides Earnings Guidance for the Year 2021

Second quarter 2021 earnings released: EPS US$1.38 (vs US$0.82 in 2Q 2020)