{"schema_version":"secwatch.filing_event.v1","accession":"0000950142-24-002836","form_type":"8-K","ticker":"DAN","cik":"0000026780","company_name":"DANA Inc","filed_at":"2024-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.660818+00:00","generated_at":"2026-05-29T19:14:37.920910+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Dana appoints R. Bruce McDonald as Chairman & CEO, plans sale of Off-Highway business","bullets":["Appointed R. Bruce McDonald as Chairman and CEO, effective immediately; James Kamsickas steps down as CEO.","Plan to sell Off-Highway business; engaged Goldman Sachs and Morgan Stanley as financial advisors.","Announced $200 million annualized cost reduction plan by 2026, including SG&A and engineering cuts.","Reaffirmed 2024 full-year guidance: sales $10.2-10.4B, Adj. EBITDA $855-895M, FCF $90-110M.","Mr. McDonald receives $1.3M base salary and 1,217,798 restricted stock units vesting in one year."],"urls":{"canonical":"https://secwatch.observer/filing/0000950142-24-002836","json":"https://secwatch.observer/filing/0000950142-24-002836.json","markdown":"https://secwatch.observer/filing/0000950142-24-002836.md","text":"https://secwatch.observer/filing/0000950142-24-002836.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/26780/000095014224002836/0000950142-24-002836-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/26780/000095014224002836/eh240561409_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T19:14:37.920910+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"34cdc22e4b","claim":"R. Bruce McDonald was appointed as President and Chief Executive Officer and Chairman of the Board at DANA Inc.","evidence_excerpt":"the appointment of R. Bruce McDonald to the position of President and Chief Executive Officer (“CEO”) and Chairman of the Board of Directors (“Board”) of the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/26780/000095014224002836/0000950142-24-002836-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer and Chairman of the Board"}],"fact_type":"executive_change"},{"claim_id":"62a7d0bf10","claim":"James K. Kamsickas departed as President and Chief Executive Officer at DANA Inc.","evidence_excerpt":"He replaces James K. Kamsickas as CEO, who will also depart from the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/26780/000095014224002836/0000950142-24-002836-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}