Timken applies to cease being reporting issuer in Canada

Timken (TKR) announced that it has applied to the Ontario Securities Commission 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. 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.