<SEC-DOCUMENT>0000950123-11-057604.txt : 20110803
<SEC-HEADER>0000950123-11-057604.hdr.sgml : 20110803
<ACCEPTANCE-DATETIME>20110608173906
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950123-11-057604
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20110608

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TIMKEN CO
		CENTRAL INDEX KEY:			0000098362
		STANDARD INDUSTRIAL CLASSIFICATION:	BALL & ROLLER BEARINGS [3562]
		IRS NUMBER:				340577130
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1835 DUEBER AVE SW
		CITY:			CANTON
		STATE:			OH
		ZIP:			44706-2798
		BUSINESS PHONE:		3304713078

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TIMKEN ROLLER BEARING CO
		DATE OF NAME CHANGE:	19710304
</SEC-HEADER>
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<DIV align="left" style="font-size: 12pt; margin-top: 0pt"><IMG src="l42880l4288000.gif" alt="(TIMKEN LOGO)">
</DIV>


<DIV align="left" style="margin-top: 20pt; font-size:9pt"><FONT face="Helvetica,Arial,sans-serif"><B>William Burkhart</B></FONT></div>
<DIV align="left" style="margin-top: 0pt; font-size:8pt"><FONT face="Helvetica,Arial,sans-serif">Senior Vice President and</FONT></div>
<DIV align="left" style="margin-top: 0pt; font-size:8pt"><FONT face="Helvetica,Arial,sans-serif">General Counsel</FONT></div>



<DIV align="left" style="font-size: 0pt; margin-top: 475pt"><FONT style="font-size:9pt"><FONT face="Helvetica,Arial,sans-serif"><B>The Timken Company</B></FONT></font><BR>
<FONT style="font-size:8pt"><FONT face="Helvetica,Arial,sans-serif">Mail Code: GNE-14<BR>
1835 Dueber Ave SW<BR>
PO Box 6928<BR>
Canton, OH 44706-0928<BR>
United States</font></font>

</DIV>

<DIV align="left" style="font-size: 0pt; margin-top: 6pt"><FONT style="font-size:8pt"><FONT face="Helvetica,Arial,sans-serif">Telephone: 330-471-3002<BR>
Facsimile: 330-471-4041</font></font>
</DIV>

<DIV align="left" style="font-size: 8pt; margin-top: 6pt"><FONT style="font-size:8pt"><FONT face="Helvetica,Arial,sans-serif">william.burkhart@timken.com</FONT></font>

</DIV>
</DIV>
<DIV style="position: relative; float: right; width: 73%">

<DIV align="left" style="font-size: 12pt; margin-top: 60pt">June&nbsp;8, 2011
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">United States Securities and Exchange Commission<BR>
1 Station Place, N.E., Stop 7010<BR>
Washington, DC 20549<BR>
Attention: Terence O&#146;Brien, Accounting Branch Chief

</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="5%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <B>Re:</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>The Timken Company</B><br>
<B>Form&nbsp;10-K for the Fiscal Year Ended December&nbsp;31, 2010</B><br>
<B>Filed February&nbsp;22, 2011</B><br>
<B><u>File Number 1-01169</u></B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 24pt">Dear Mr.&nbsp;O&#146;Brien:
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Timken Company, an Ohio corporation (the &#147;Company&#148;), is submitting this letter in response
to the comment letter from the staff of the Securities and Exchange Commission (the &#147;Commission&#148;)
dated May&nbsp;31, 2011 (the &#147;Comment Letter&#148;) with respect to the Company&#146;s Form 10-K for the year
ended December&nbsp;31, 2010 and the Company&#146;s definitive proxy statement on Schedule&nbsp;14A, filed March
23, 2011 (the &#147;Proxy Statement&#148;).
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Below are the Company&#146;s responses to each comment in the Comment Letter. For convenience, we
have repeated each of the staff&#146;s comments before the response.
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><U>Form&nbsp;10-K for the Fiscal Year Ended December&nbsp;31, 2010</U>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><U>Item&nbsp;15. Exhibits and Financial Statement Schedules, page 90</U>
</DIV>


<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><I>1.</I></TD>
    <TD width="4%">&nbsp;</TD>
    <TD><I>We note that you do not appear to have publicly filed the schedules and exhibits to your
amended and restated credit agreement listed as Exhibit&nbsp;4.1. Please file your complete credit
agreement, including all of its schedules and exhibits, with your next periodic report or, if
you wish, a current report on </I><I>Form 8-K</I><I>.</I></TD>
</TR>

<TR>
    <TD style="font-size: 12pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Response</U>:</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company entered into a Second Amended and Restated Credit Agreement as of May&nbsp;11, 2011, a
complete copy of which, including all schedules and exhibits, was filed as an exhibit to a current
report on Form 8-K on May&nbsp;12, 2011.
</DIV>

</DIV>
<BR clear="all"><BR>

<P align="center" style="font-size: 12pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="left" style="font-size: 8pt; margin-top: 6pt"><FONT face="Helvetica,Arial,sans-serif"><br>Page 2</FONT></DIV>
<DIV align="left" style="font-size: 8pt; margin-top: 3pt"><FONT face="Helvetica,Arial,sans-serif">June&nbsp;8, 2011</FONT></DIV>
<DIV align="left" style="font-size: 8pt; margin-top: 3pt"><FONT face="Helvetica,Arial,sans-serif">Securities and Exchange Commission</FONT></DIV>

<DIV align="left" style="font-size: 0pt; margin-top: 580pt"><FONT face="Helvetica,Arial,sans-serif"><FONT style="font-size:9pt"><B>The Timken Company</B></FONT></font>
</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 73%">

<DIV align="left" style="font-size: 12pt; margin-top: 0pt"><br><U>Form&nbsp;14A filed March&nbsp;23, 2011</U>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><U>Compensation Discussion and Analysis, page 17</U>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><U>Executive Compensation program Design, page 18</U>
</DIV>


<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><I>2.</I></TD>
    <TD width="6%">&nbsp;</TD>
    <TD><I>We note your use of survey data to set guidelines for your salary, annual incentive, and long
term incentive decisions. Please provide us a more detailed discussion and analysis of how
you use this data and tell us whether you consider this practice to constitute benchmarking
for purposes of Item&nbsp;</I><I>402(b)(2)(xiv)</I><I> of Regulation&nbsp;S-K. For a definition of the term
&#147;bench-marking&#148; in this context, please refer to Question 118.05 of our Compliance and
Disclosure Interpretations for Regulation&nbsp;S-K, which are available on our web site.</I></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Response</U>:
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As discussed on page 18 of the Proxy Statement, in the past the Company has periodically
reviewed broad-based third-party survey data from nationally recognized consulting firms in order
to gauge the competitiveness of its compensation programs. Collectively, these surveys reflect the
pay practices of hundreds of companies from a range of industries. In 2008, the survey data
reflected the pay practices of approximately 340 companies with annual revenues between $2.5 and
$10&nbsp;billion. No data from any single company or subgroup of these companies is considered by the
Compensation Committee in making compensation decisions.
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company did not conduct a new market study in connection with setting executive
compensation levels for either 2009 or 2010 because of the dramatic changes occurring in the global
economy. As disclosed in the Proxy Statement, the Compensation Committee elected not to make
significant changes in executive compensation levels for 2010, and this decision was primarily
based on the Committee&#146;s consideration of then-current global economic conditions. Given that the
Compensation Committee&#146;s decisions with respect to compensation levels in 2010 were based on the
challenging economy, the Compensation Committee did not &#147;benchmark&#148; against the 2008 survey data or
use that data to justify its compensation decisions for that period. Accordingly, the Company does
not believe its practices in connection with 2010 compensation decisions constituted benchmarking
for purposes of Item&nbsp;402(b)(2)(xiv).
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In future filings, to the extent that the Company engages in &#147;benchmarking&#148; of compensation,
we will comply with Item&nbsp;402(b)(2)(xiv) of Regulation&nbsp;S-K. To the extent the Company does not
engage in benchmarking, we will clarify our disclosures in this regard.
</DIV>

</DIV>
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<DIV align="left" style="font-size: 8pt; margin-top: 6pt"><FONT face="Helvetica,Arial,sans-serif"><br>Page 3</font></div>
<DIV align="left" style="font-size: 8pt; margin-top: 3pt"><FONT face="Helvetica,Arial,sans-serif">June&nbsp;8, 2011</font></div>
<DIV align="left" style="font-size: 8pt; margin-top: 3pt"><FONT face="Helvetica,Arial,sans-serif">Securities and Exchange Commission</font></div>


<DIV align="left" style="font-size: 12pt; margin-top: 630pt"><FONT face="Helvetica,Arial,sans-serif"><FONT style="font-size:9pt"><B>The Timken Company</B></FONT></font>
</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 73%">

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><U>Long-Term Incentives, page 22</U>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt"><U>Performance Units, page 23</U>
</DIV>


<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><I>3.</I></TD>
    <TD width="6%">&nbsp;</TD>
    <TD><I>In future filings, when you report actual results for performance goals, please report the
actual result (</I><U><I>i.e.</I></U><I>, the number, percentage, or other measure used &#150; for 2010 it was
a percentage) instead of using a less precise descriptive phrase like &#147;Above Maximum.&#148;</I></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Response</U>:
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In future filings, when reporting actual results for performance goals, the Company will
report the actual result in terms of the measure used (<I>i.e., </I>the number, percentage, etc.).
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 24pt"><B>* </B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *</B>
</DIV>


<DIV align="justify" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the Company&#146;s responses to the staff&#146;s comments, the Company acknowledges
that:
</DIV>


<DIV style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 12pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="10%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><div align="justify">the Company is responsible for the adequacy and accuracy of the disclosure in the
filing;</div></TD>
</TR>

<TR>
    <TD style="font-size: 12pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><div align="justify">staff comments or changes to disclosure in response to staff comments do not
foreclose the Commission from taking any action with respect to the filing; and</div></TD>
</TR>

<TR>
    <TD style="font-size: 12pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><div align="justify">the Company may not assert staff comments as a defense in any proceeding initiated
by the Commission or any person under the federal securities laws of the United
States.</div></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 12pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you have any questions regarding these matters, please do not hesitate to contact the
undersigned at (330)&nbsp;471-3002.
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 12pt">Sincerely,
</DIV>


<DIV align="left" style="font-size: 12pt; margin-top: 24pt">/s/ William R. Burkhart

</DIV>
</DIV>
<BR clear="all"><BR>


<P align="center" style="font-size: 12pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
