UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
THE TIMKEN COMPANY
--------------------------------------------------------
(Name of Issuer)
Common Stock Without Par Value
--------------------------------------------------------
(Title of Class of Securities)
887389104
--------------------------------------------------------
(CUSIP Number)
Patricia Nachtigal
Senior Vice President, General Counsel
Ingersoll-Rand Company
200 Chestnut Ridge Road
Woodcliff Lake, New Jersey 07677
(201) 573-3473
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 22, 2003
--------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of ss.ss.240.13d-1(e), 240.13(d)-1(f) or 240.13d-1(g),
check the following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss. 240.13d-7 for
other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Page 1 of 7 Pages)
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CUSIP No.887389104 Page 2 of 7 Pages
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________________________________________________________________________________
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand Company
13-5156640
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY:
________________________________________________________________________________
4. SOURCE OF FUNDS:
OO
________________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
________________________________________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
New Jersey
________________________________________________________________________________
7. SOLE VOTING POWER
0
NUMBER OF
SHARES _________________________________________________________________
8. SHARED VOTING POWER
BENEFICIALLY 9,395,973
OWNED BY
_________________________________________________________________
EACH 9. SOLE DISPOSITIVE POWER
0
REPORTING
PERSON _________________________________________________________________
10. SHARED DISPOSITIVE POWER
WITH 9,395,973
________________________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
9,395,973
________________________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
________________________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
11.0%
________________________________________________________________________________
14. TYPE OF REPORTING PERSON:
CO
________________________________________________________________________________
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CUSIP No.887389104 13D Page 3 of 7 Pages
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________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand (Barbados) Holding Incorporated
c/o David King & Co.
First Floor
Trident House
Lower Broad Street
Bridgetown, Barbados
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY:
________________________________________________________________________________
4. SOURCE OF FUNDS:
00
________________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Barbados
________________________________________________________________________________
7. SOLE VOTING POWER
0
NUMBER OF
SHARES _________________________________________________________________
8. SHARED VOTING POWER
BENEFICIALLY 9,395,973
OWNED BY
_________________________________________________________________
EACH 9. SOLE DISPOSITIVE POWER
0
REPORTING
PERSON _________________________________________________________________
10. SHARED DISPOSITIVE POWER
WITH 9,395,973
________________________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
9,395,973
________________________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
________________________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
11.0%
________________________________________________________________________________
14. TYPE OF REPORTING PERSON:
CO
________________________________________________________________________________
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CUSIP No.887389104 Page 4 of 7 Pages
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________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand Global Holding Company Limited
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY:
________________________________________________________________________________
4. SOURCE OF FUNDS:
00
________________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
________________________________________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Bermuda
________________________________________________________________________________
7. SOLE VOTING POWER
0
NUMBER OF
SHARES _________________________________________________________________
8. SHARED VOTING POWER
BENEFICIALLY 9,395,973
OWNED BY
_________________________________________________________________
EACH 9. SOLE DISPOSITIVE POWER
0
REPORTING
PERSON _________________________________________________________________
10. SHARED DISPOSITIVE POWER
WITH 9,395,973
________________________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
9,395,973
________________________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
________________________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
11.0%
________________________________________________________________________________
14. TYPE OF REPORTING PERSON:
CO
________________________________________________________________________________
------------------
CUSIP No.887389104 Page 5 of 7 Pages
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________________________________________________________________________________
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ingersoll-Rand Company Limited
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) [_]
(b) [_]
________________________________________________________________________________
3. SEC USE ONLY:
________________________________________________________________________________
4. SOURCE OF FUNDS:
00
________________________________________________________________________________
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
________________________________________________________________________________
6. CITIZENSHIP OR PLACE OF ORGANIZATION:
Bermuda
________________________________________________________________________________
7. SOLE VOTING POWER
0
NUMBER OF
SHARES _________________________________________________________________
8. SHARED VOTING POWER
BENEFICIALLY 9,395,973
OWNED BY
_________________________________________________________________
EACH 9. SOLE DISPOSITIVE POWER
0
REPORTING
PERSON _________________________________________________________________
10. SHARED DISPOSITIVE POWER
WITH 9,395,973
________________________________________________________________________________
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
9,395,973
________________________________________________________________________________
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
________________________________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
11.0%
________________________________________________________________________________
14. TYPE OF REPORTING PERSON:
CO
________________________________________________________________________________
------------------
CUSIP No.887389104 Page 6 of 7 Pages
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Preamble
This statement amends and supplements the Statement on Schedule 13D
originally filed on February 28, 2003 (the "Statement") by Ingersoll-Rand
Company, a New Jersey corporation ("IR"), Ingersoll-Rand (Barbados) Holding
Incorporated ("IRBHI"), a Barbados corporation, in its capacity as the parent
company of IR, Ingersoll-Rand Global Holding Company Limited ("IRGHC"), a
Bermuda corporation, in its capacity as the parent company of IRBHI and
Ingersoll-Rand Company Limited ("IR Bermuda"), a Bermuda corporation, in its
capacity as the parent company of IRGHC (together with IR, IRBHI and IRGHC,
the "Reporting Persons"), with respect to the common stock without par value
(the "Timken Common Stock") of The Timken Company, an Ohio corporation
("Timken"). Unless otherwise defined herein, terms defined in the Statement
and used herein shall have the meanings given to them in the Statement.
Item 4. Purpose of Transaction.
Item 4 is hereby amended and supplemented by adding the following at
the end thereof:
Also see Item 6 below, the contents of which are incorporated herein
by reference.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of Timken.
Item 6 is hereby amended and supplemented by adding the following at
the end thereof:
On August 18, 2003 the six-month period during which IR and IR
Bermuda agreed, pursuant to the Standstill and Voting Agreement and subject to
certain exceptions, not to transfer any Securities, expired. Notwithstanding
the foregoing, certain limitations on IR's and IR Bermuda's ability to
transfer Securities to certain persons or groups continue until such time as
IR and IR Bermuda cease in the aggregate to own at least 4,272,890 shares of
Timken Common Stock. In light of the expiration of the six-month period
referred to above, the Reporting Persons are reviewing the possible courses of
action available to them with respect to the disposition of all or part of the
Timken Common Stock and may, subject to market conditions in effect from time
to time, sell or otherwise dispose of all or part of the Timken Common Stock
beneficially owned by them from time to time in any manner permitted by law
and the Standstill and Voting Agreement.
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CUSIP No.887389104 13D Page 7 of 7 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
INGERSOLL-RAND COMPANY
By /s/Timothy R. McLevish
----------------------
Timothy R. McLevish
Senior Vice President and
Chief Financial Officer
INGERSOLL-RAND (BARBADOS) HOLDING INCORPORATED
By /s/Ronald G. Heller
-------------------
Ronald G. Heller
Secretary
INGERSOLL-RAND GLOBAL HOLDING COMPANY LIMITED
By /s/Ronald G. Heller
-------------------
Ronald G. Heller
Vice President and
Assistant Secretary
INGERSOLL-RAND COMPANY LIMITED
By /s/Timothy R. McLevish
----------------------
Timothy R. McLevish
Senior Vice President and
Chief Financial Officer
Dated: August 22, 2003