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8-KThe WireRoutine

Company Update

Filed Jul 27, 2018 · 8y ago · Accession 0000098362-18-000081

Plain English

Material event — a significant development the company must disclose promptly.

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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 26, 2018 THE TIMKEN COMPANY (Exact Name of Registrant as Specified in its Charter) Ohio (State or Other Jurisdiction of Incorporation) 1-1169   34-0577130 (Commission File Number)   (I.R.S. Employer Identification No.) 4500 Mt. Pleasant St. NW, North Canton, Ohio 44720-5450 (Address of Principal Executive Offices) (Zip Code) (234) 262-3000 (Registrant's Telephone Number, Including Area Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions. [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 8.01      Other Events. On July 26, 2018 , Timken Europe B.V. (the “Purchaser”), a subsidiary of The Timken Company (the “Company”), entered into a sale and purchase agreement (the “Purchase Agreement”) pursuant to which the Purchaser agreed to purchase all of the outstanding share capital and warrants of Rollon S.p.A., an Italian company, and all of the outstanding share capital of Linear Guides Invest B.V., a Dutch company (collectively referred to as, “Rollon”), for an agreed upon enterprise value of €468.4 million (approximately $545 million at current exchange rates). The Company is providing a guarantee of the obligations of the Purchaser under the Purchase Agreement. Rollon is a leader in engineered linear motion products and specializes in the design and manufacture of linear guides, telescopic rails and linear actuators used in a wide range of industries such as passenger rail, automation, aerospace, packaging and logistics, and medical. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       THE TIMKEN COMPANY             By: /s/ Philip D. Fracassa       Philip D. Fracassa       Executive Vice President and Chief Financial Officer Date:   July 27, 2018
Filing details
Company
TIMKEN CO
Ticker
TKR
CIK
98362
Form type
8-K
Filing date
Jul 27, 2018
Report date
Jul 27, 2018
Document
tkrq220188-krollonacq.htm
Size
22 KB