Timken shareholders elect 12 directors, approve executive pay in annual vote
At its May 8, 2026 annual meeting, Timken shareholders re-elected all twelve director nominees to one-year terms and approved the advisory resolution on named executive officer pay. Shareholders did not approve a proposal to allow special shareholder meetings, and they ratified Ernst & Young LLP as auditor for 2026. The same day, the company entered a letter agreement with General Counsel Hansal N. Patel covering special treatment of certain incentive awards through at least June 30, 2028.
Key points
- All 12 nominees were elected; votes for ranged from 53,788,853 (Ajita G. Rajendra) to 59,605,368 (Richard G. Kyle).
- Advisory say-on-pay resolution approved: 44,837,026 for, 15,272,988 against, 437,466 abstain.
- Ernst & Young LLP ratified as independent auditor for fiscal 2026: 61,717,389 for, 1,977,231 against.
- Shareholder proposal on special meeting rights not approved: 24,930,334 for, 35,358,915 against. Letter agreement with Hansal N. Patel dated May 8, 2026, filed as Exhibit 10.1.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.