-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JslbXwCcHU9rzdkzwJorhdM5kQ43D1lCQW+JYXQo95E836c5Rhvl+si0XvuoUqGJ j41Rbo3LNxnQ2CMogYqWzA== 0000861177-98-000118.txt : 19980218 0000861177-98-000118.hdr.sgml : 19980218 ACCESSION NUMBER: 0000861177-98-000118 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980213 SROS: NYSE SUBJECT COMPANY: 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: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-10450 FILM NUMBER: 98535901 BUSINESS ADDRESS: STREET 1: 1835 DUEBER AVE SW CITY: CANTON STATE: OH ZIP: 44706 BUSINESS PHONE: 2164713000 FORMER COMPANY: FORMER CONFORMED NAME: TIMKEN ROLLER BEARING CO DATE OF NAME CHANGE: 19710304 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BRINSON PARTNERS INC/IL CENTRAL INDEX KEY: 0000861177 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 209 SOUTH LASALLE STREET CITY: CHICAGO STATE: IL BUSINESS PHONE: 60604-1295 MAIL ADDRESS: STREET 1: 209 SOUTH LASALLE STREET CITY: CHICAGO STATE: IL ZIP: 60604-1295 SC 13G/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) TIMKEN CO. (Name of Issuer) - ----------------------------------------------------------- Common Stock (Title of Class of Securities) - ----------------------------------------------------------- 887389104 (CUSIP Number) - ----------------------------------------------------------- Check the following box if a fee is being paid with this statement / /. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). * 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 the disclosures provided in a prior cover page. The information required in 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). Cusip 887389104 Page 2 of 9 - ----------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Brinson Partners, Inc. 36-3664388 - ----------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* a / / b / / - ----------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware corporation - ----------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------- 5 SOLE VOTING POWER - -0- - ----------------------------------------------------------- 6 SHARED VOTING POWER 1,746,040 shares - ----------------------------------------------------------- 7 SOLE DISPOSITIVE POWER - -0- - ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,746,040 shares - ----------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,746,040 shares - ----------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.8% - ----------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA CO - ----------------------------------------------------------- * SEE INSTRUCTION BEFORE FILLING OUT! Cusip 887389104 Page 3 of 9 - ---------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Brinson Holdings, Inc. 36-3670610 - ----------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* a / / b / / - ----------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware corporation - ----------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------- 5 SOLE VOTING POWER - -0- - ----------------------------------------------------------- 6 SHARED VOTING POWER 1,746,040 shares - ----------------------------------------------------------- 7 SOLE DISPOSITIVE POWER - -0- - ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,746,040 shares - ----------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,746,040 shares (see item 4 hereof). - ----------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.8% - ----------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC CO - ----------------------------------------------------------- * SEE INSTRUCTION BEFORE FILLING OUT! Cusip 887389104 Page 4 of 9 - ----------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SBC Holding (USA), Inc. 13-3506524 - ----------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* a / / b / / - ----------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware corporation - ----------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------- 5 SOLE VOTING POWER - -0- - ----------------------------------------------------------- 6 SHARED VOTING POWER 1,795,020 shares - ----------------------------------------------------------- 7 SOLE DISPOSITIVE POWER - -0- - ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,795,020 shares - ----------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,795,020 shares - ----------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.9% - ----------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC CO - ----------------------------------------------------------- * SEE INSTRUCTION BEFORE FILLING OUT! - ----------------------------------------------------------- Cusip 887389104 Page 5 of 9 - ----------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Swiss Bank Corporation 13-5424347 - ----------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* a / / b / / - ----------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Swiss banking corporation - ----------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------- 5 SOLE VOTING POWER - -0- - ----------------------------------------------------------- 6 SHARED VOTING POWER 1,795,020 shares - ----------------------------------------------------------- 7 SOLE DISPOSITIVE POWER - -0- - ----------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,795,020 shares - ----------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,795,020 shares - ----------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - ----------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.9% - ----------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC CO * SEE INSTRUCTION BEFORE FILLING OUT! - ----------------------------------------------------------- Cusip 887389104 Page 6 of 9 - ----------------------------------------------------------- Item 1(a) Name of Issuer: TIMKEN CO. (the "Company") - ----------------------------------------------------------- Item 1(b) Address of Issuer's Principal Executive Offices: 1835 Dueber Avenue SW Canton, OH 44706 - ----------------------------------------------------------- Item 2(a) Name of Person Filing: Brinson Partners, Inc.("BPI"), Brinson Holdings, Inc. ("BHI"), SBC Holding (USA), Inc. ("SBCUSA") and Swiss Bank Corporation ("SBC"). - ----------------------------------------------------------- Item 2(b) Address of Principal Business: BPI and BHI's principal business office is located at: 209 South LaSalle, Chicago, Illinois 60604-1295 SBCUSA's principal business office is located at: 222 Broadway, New York, NY 10038 SBC's principal business office is located at: Aeschenplatz 6 CH-4002 Basel, Switzerland - ----------------------------------------------------------- Item 2(c) Citizenship: Incorporated by reference to Item 4 of the cover pages. - ----------------------------------------------------------- Item 2(d) Title of Class of Securities: Common Stock (the "Common Stock") - ----------------------------------------------------------- Item 2(e) CUSIP Number: 887389104 - ----------------------------------------------------------- Item 3 Type of Person Filing: BPI is an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. Each of BHI, SBCUSA and SBC is a Parent Holding Company in accordance with section 240.13d-1(b)(1)(ii)(G). - ----------------------------------------------------------- Item 4 Ownership: Incorporated by reference to Items 5-11 of the cover pages. - ----------------------------------------------------------- Item 5 Ownership of Five Percent or Less of a Class: Not Applicable - ----------------------------------------------------------- Item 6 Ownership of More than Five Percent on Behalf of Another Person: Accounts managed on a discretionary basis by BPI have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock. No account holds more than 5 percent of the outstanding Common Stock. - ----------------------------------------------------------- Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: See item 3 above - ----------------------------------------------------------- Cusip 887389104 Page 7 of 9 - ----------------------------------------------------------- Item 8 Identification and Classification of Member of the Group: Not Applicable - ----------------------------------------------------------- Item 9 Notice of Dissolution of Group: Not Applicable - ----------------------------------------------------------- Item 10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. - ----------------------------------------------------------- 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. Date: February 12, 1998 Brinson Partners, Inc. Brinson Holdings, Inc. By:/s/ Mark F. Kemper Mark F. Kemper Assistant Secretary of the above Companies SBC Holding (USA), Inc. By: /s/Mario Cueni By:/s/ Mike Daly Mario Cueni Mike Daly Secretary Treasurer Swiss Bank Corporation By: /s/ Martin Weber By:/s/ Mario Cueni Martin Weber Mario Cueni Legal Adviser Managing Director Legal Adviser - ----------------------------------------------------------- Cusip 887389104 Page 8 of 9 - ----------------------------------------------------------- INDEX TO EXHIBITS EXHIBIT 1 - AGREEMENT TO MAKE A JOINT FILING EXHIBIT 2 - DELEGATION OF AUTHORITY - ----------------------------------------------------------- EXHIBIT 1 AGREEMENT TO MAKE A JOINT FILING Brinson Partners, Inc., Brinson Holdings, Inc., SBC Holding (USA) Inc., and Swiss Bank Corporation each agrees that this Schedule 13G (including all amendments thereto) is filed by and on behalf of each such party. Date: February 12, 1998 Brinson Partners, Inc. Brinson Holdings, Inc. By:/s/ Mark F. Kemper Mark F. Kemper Assistant Secretary of the above Companies SBC Holding (USA), Inc. By: /s/Mario Cueni By:/s/ Mike Daly Mario Cueni Mike Daly Secretary Treasurer Swiss Bank Corporation By: /s/ Martin Weber By:/s/ Mario Cueni Martin Weber Mario Cueni Legal Adviser Managing Director Legal Adviser - ----------------------------------------------------------- Cusip 887389104 Page 9 of 9 - ----------------------------------------------------------- EXHIBIT 2 DELEGATION OF AUTHORITY I, Samuel W. Anderson, as Vice President and Secretary of Brinson Holdings, Inc. and Brinson Partners, Inc. (collectively the "Companies"), hereby delegate to Mark F. Kemper, as Assistant Secretary to the Companies, all necessary power and authority to execute, on behalf of the Companies, the following regulatory filings which the Companies may from time to time be obligated to file: Securities and Exchange Commission Forms 13F, 13G, 13D, 3, 4, and 5; Department of the Treasury International Capital Form S, and any other forms required in connection therewith. Effective February 15, 1993 /s/ Samuel W. Anderson Samuel W. Anderson Vice President and Secretary -----END PRIVACY-ENHANCED MESSAGE-----