Item 8.01 Other Events
The Timken Company recently received approximately $13.6 million under the
U.S. Continued Dumping and Subsidy Offset Act (CDSOA) for 2008. Timken expects
to use the entire amount for general corporate purposes and to reduce debt.
CDSOA provides the authority for U.S. Customs to distribute antidumping
duties to U.S. producers harmed by unfair trade that have continued to invest in
their technology, equipment and people. A leading provider of friction
management and power transmission solutions, Timken received a distribution
under CDSOA based on the company's consistent investments to remain competitive
in the face of continued dumping of bearings.
This information shall not be deemed to be "filed" for the purposes of
Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or
otherwise subject to the liabilities of that section, nor shall it be
incorporated by reference into a filing under the Securities Act of 1933, or the
Exchange Act, except as shall be expressly set forth by specific reference in
such a filing.
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