secwatch.observer — SEC 8-K summary
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Issuer:     DANA Inc (DAN)
CIK:        0000026780
Form:       8-K/A
Filed at:   2026-06-12T11:00:07+00:00
Accession:  0001193125-26-268470
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/26780/000119312526268470/0001193125-26-268470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/26780/000119312526268470/d60644d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-268470

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