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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): November 3, 2000
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THE TIMKEN COMPANY
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(Exact name of registrant as specified in charter)
Ohio 1-1169 34-0577130
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1835 Dueber Avenue, S.W., Canton, Ohio 44706-2798
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (330) 438-3000
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ITEM 5. OTHER EVENTS
New Common Stock Purchase Plan
On November 3, 2000, the Board of Directors of The Timken
Company, an Ohio corporation (the "Company"), approved the Company's 2000 Common
Stock Purchase Plan (the "2000 Purchase Plan"). The 2000 Purchase Plan will be
in effect until December 31, 2006 and authorizes the Company to purchase up to
4,000,000 shares of its Common Stock, without par value ("Common Stock"), on the
open market or in privately negotiated transactions. The 2000 Purchase Plan
requires the Company to use the Common Stock purchased under the plan for the
purposes of funding qualified employee benefit plans maintained by the Company
and its direct and indirect wholly owned domestic subsidiaries, satisfying the
Company's obligations under its equity-based incentive plans, providing shares
of Common Stock for the Company's dividend reinvestment plan and the Company's
International Stock Ownership Plan, for use in making future acquisitions, and
delivering shares of Common Stock under existing and future equity-based
compensation arrangements to associates and directors of the Company and to
associates of direct and indirect subsidiaries of the Company.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
Exhibit 99. Press Release, dated November 3, 2000.
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SIGNATURE
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/Gene E. Little
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Name: Gene E. Little
Title: Senior Vice President-Finance
Dated: November 3, 2000
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EXHIBIT INDEX
The Timken Company
Current Report on Form 8-K
Dated November 3, 2000
Exhibit No. Title
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99 Press Release, dated November 3, 2000.
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