---
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"
generated_at: "2026-05-29T19:14:37.920910+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Dana appoints R. Bruce McDonald as Chairman & CEO, plans sale of Off-Highway business

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-002836
- JSON: https://secwatch.observer/filing/0000950142-24-002836.json
- Plain text: https://secwatch.observer/filing/0000950142-24-002836.txt

## Key facts
- Executive change
  R. Bruce McDonald was appointed as President and Chief Executive Officer and Chairman of the Board at DANA Inc.
  - Action: appointed
  - Role: President and Chief Executive Officer and Chairman of the Board
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/26780/000095014224002836/0000950142-24-002836-index.htm
- Executive change
  James K. Kamsickas departed as President and Chief Executive Officer at DANA Inc.
  - Action: stepped down
  - Role: President and Chief Executive Officer
  source text: He replaces James K. Kamsickas as CEO, who will also depart from the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/26780/000095014224002836/0000950142-24-002836-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.