secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K/A
Filed at:   2026-01-07T23:59:59+00:00
Accession:  0000950142-26-000078
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dana completes $2.66B sale of Off-Highway business to Allison; provides pro forma financials
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- Sale closed Jan 1, 2026; cash proceeds $2.664B after preliminary working capital adjustments.
- Pro forma shows continuing ops net income of $11M for 9M 2025 vs. reported loss of $29M.
- Proceeds used to redeem $1.3B in senior notes and repay $250M Term A Facility.
- Estimated pre-tax gain on sale of $1.287B recognized in retained earnings.
- Company expects to finalize discontinued ops accounting in 2025 annual report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000095014226000078/0000950142-26-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000095014226000078/eh260722929_8ka1.htm
  HTML page:      https://secwatch.observer/filing/0000950142-26-000078

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