---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-021988"
form_type: "8-K"
ticker: "BWA"
cik: "0000908255"
company_name: "BORGWARNER INC"
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T02:33:18.307409+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BorgWarner board approves PHINIA spin-off; record date June 23, distribution July 3

## Summary
- Distribution of 100% of PHINIA common stock as a pro rata dividend on July 3, 2023.
- Record date June 23, 2023; stockholders receive 1 PHINIA share for every 5 BWA shares.
- PHINIA expected to begin regular-way trading on NYSE under ticker "PHIN" on July 5, 2023.
- Holders selling BWA stock regular way on or before distribution date also sell PHINIA rights.
- Spin-off conditioned on satisfaction/waiver of conditions in PHINIA's Form 10 registration.

## SEC filing metadata
- accession: 0001628280-23-021988
- form_type: 8-K
- ticker: BWA
- cik: 0000908255
- company_name: BORGWARNER INC
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908255/000162828023021988/0001628280-23-021988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908255/000162828023021988/bwa-20230613.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-021988
- JSON: https://secwatch.observer/filing/0001628280-23-021988.json
- Plain text: https://secwatch.observer/filing/0001628280-23-021988.txt

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