Dauch appoints two former Dowlais directors to board, new VP with performance equity inducement

Dauch Corp

Appointed Fiona MacAulay and Simon Mackenzie Smith as independent directors effective Feb 5; committee roles effective April 29.
Both are former Dowlais Group board members, adding European market depth post-Dowlais acquisition.
Appointed Markus Bannert as VP Metal Forming with €800,000 base salary, 75% bonus target, 150% LTI target.
Bannert received inducement PSUs: target 90,909 shares, max 272,727, vesting on avg stock price thresholds $12-$22 through March 2029.
Award vests 50% at performance period end and 50% one year later; granted under NYSE Rule 303A.08.

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