Dana discloses CEO and Executive Chairman compensation details for July 1 transition

DANA Inc

Byron Foster becomes CEO on July 1, 2026; base salary $1M, target annual incentive 150% of base.
R. Bruce McDonald appointed Executive Chairman; base salary $700k, target incentive 100% of base, term through Dec 31, 2028.
McDonald receives one-time RSU award of $5M, vesting 50% on Dec 31, 2027 and 50% on Dec 31, 2028.
Foster eligible for 2027 long-term incentive cycle; both executives remain in Dana's severance and benefit plans.

item 5.02 item 9.01

Executive movements

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Role change

R. Bruce McDonald

Executive Chairman

DAN · DANA Inc

Effective: 2026-07-01
Filed: June 12, 2026, 7:00 AM ET

Mr. McDonald has been appointed to serve as Executive Chairman of Dana.

Appointed

Byron S. Foster

President and Chief Executive Officer

DAN · DANA Inc

Effective: 2026-07-01
Filed: June 12, 2026, 7:00 AM ET

appointed Byron S. Foster to succeed R. Bruce McDonald as President and Chief Executive Officer ('CEO'), effective July 1, 2026,

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

R. Bruce McDonald was appointed as Executive Chairman at DANA Inc.

Action: appointed
Role: Executive Chairman

Exact text from the filing

Mr. McDonald has been appointed to serve as Executive Chairman of Dana.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Byron S. Foster was appointed as President and Chief Executive Officer at DANA Inc.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

appointed Byron S. Foster to succeed R. Bruce McDonald as President and Chief Executive Officer ('CEO'), effective July 1, 2026,

View on SEC.gov

DANA Inc filing history →

Source: SEC EDGAR

accession 0001193125-26-268470

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