Compression of compressible, linearly elastic, annular disks by flat rigid platens is analyzed. Coulomb (Amonton) friction is assumed to act at the interfaces between the disk and the platens. Slip may occur in an outer annular region while the inner annular (bonded, stick) region of the disk does not slip. The critical radius (slip boundary) is of major interest. The governing equilibrium equations in terms of the deflections are satisfied exactly. Approximations are made in some of the boundary conditions and the transition (matching) conditions at the critical radius. Numerical results are presented for nearly incompressible disks. The effects of the radius ratio, aspect ratio, and Poisson's ratio of the disk, and of the coefficient of friction at the platens, on the critical radius, effective compression modulus, stresses, and radial deflection are investigated. Applications include structural (especially bridge) bearings, seismic-isolation devices, mounting blocks and bushings, gaskets, and sealing components.