On May 9, 2022, The Timken Company announced that at its annual general meeting of shareholders held on May 6, 2022, the shareholders approved a shareholder proposal requesting that the Company board take each step necessary so that each voting requirement in our charter and bylaws (that is explicit or implicit due to default to state law) that calls for a greater than simple majority vote be eliminated, and replaced by a requirement for a majority of the votes cast for and against applicable proposals, or a simple majority in compliance with applicable laws.