secwatch.observer — SEC 8-K summary
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Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0000908255-23-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BorgWarner names Ericson CEO, Gropp CFO of spin-off PHINIA; completion expected late 2023
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- Brady Ericson to serve as PHINIA President and CEO; Chris Gropp as EVP and CFO after spin-off completion.
- Spin-off of Fuel Systems and Aftermarket segments to be named 'PHINIA Inc.'; target completion late 2023.
- Ericson has been BorgWarner VP and President/GM of Fuel Systems and Aftermarket since March 2022.
- Gropp has been VP of Finance for Fuel Systems and Aftermarket since Oct 2020; 22 years at BorgWarner.
- PHINIA expected to be a product leader in fuel systems, starters, alternators, and aftermarket distribution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000015/0000908255-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000015/bwa-20230208.htm
  HTML page:      https://secwatch.observer/filing/0000908255-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer