Tragic. Timm was a big part of the diving community down here. Well respected.
I don't know what went wrong other than the article says it happened on the ascent.
I looked into into a coelacanth dive earlier this year. Eventually, a combination of lack of my skills and discomfort with the dive plan meant this dive is not for me.
I have heard that Timm's "procedures" for ascent on the coelacanth dives could include firing the SMB from depth. You can attach a shorter deployment line and ride the SMB from say 360 ft to your first stop at maybe 200 ft. It's all the safer if you clip your SMB to yourself, then it can't slip out of your hands while you ascend to your first stop. I've also heard stories (urban legends?) of divers pushing their gas limits, breathing down back gas and maybe the stages to almost nothing as part of the plan / dives. I've heard that gas planning was on standard mixes with tables and tried and tested deco stops potentially limiting flexibility. Whether any of this was in play on the fatal dive I have no idea. It certainly was not a coelacanth dive (though another, probably inaccurate, local article mentioned a depth of 330 ft on the fatal dive).
I've also heard that Timm was meticulous in planning. Experienced and chose his buddies with care. Either way, Timm was mentioned with respect at what he had achieved. He knew how to dive and had developed procedures that worked on coelacanth dives.