converting to ScheduledThreadPoolExecutor
Replace
Timer timer = new Timer();
with
ScheduledExecutorService service = Executors.newSingleThreadScheduledExecutor();
and
class Task extends TimerTask
with
class Task implements Runnable
and
timer.scheduleAtFixedRate(new Task(), 0, 1000);
with
service.scheduleAtFixedRate(new Task(), 0, 1000, TimeUnit.MILLISECONDS);
BTW You should not be attempting to update the GUI on another thread. Instead you have to add a task to the Swing GUI Thread to perform the task
SwingUtilities.invokeLater(new Runnable() { @Override public void run() { textOut.setText("" + i++); } });