secwatch.observer — SEC 8-K summary
======================================

Issuer:     BORGWARNER INC (BWA)
CIK:        0000908255
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0000908255-23-000058
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BorgWarner CFO Kevin Nowlan to retire March 2024; Craig Aaron named successor
-----------------------------------------------------------------------------

- Kevin Nowlan will retire as EVP and CFO effective March 1, 2024; advisory role through April 1.
- Craig D. Aaron, current VP and Controller, appointed EVP and CFO effective March 1, 2024.
- Aaron's new comp: base salary $675K, target bonus $810K (120% of base), LTI $2.025M (300%).
- Aaron eligible for up to 17,080 additional performance shares for 2023–2025 period.
- Company to search for new Principal Accounting Officer to succeed Aaron.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000058/0000908255-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908255/000090825523000058/bwa-20231130.htm
  HTML page:      https://secwatch.observer/filing/0000908255-23-000058

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