Highest-materiality recent filing
Dauch Q1 net loss $100.3M; adjusted EPS $0.34; 2026 guidance raised modestly
Sales $2.38B (up from $1.41B YoY); net loss $(100.3)M vs net income $7.1M a year ago.
Dauch stockholders approve amended 2018 incentive plan; $1M RSU grant to SVP Kemp
Stockholders approved Amended and Restated 2018 Omnibus Incentive Plan with 150.4M for, 17.3M against.
Dauch stockholders approve incentive plan; special $1M RSU grant to SVP Kemp
Stockholders approved Amended and Restated 2018 Omnibus Incentive Plan at April 30 annual meeting.
Dauch completes Dowlais acquisition; Dowlais FY2025 revenue £4,410m, operating loss narrowed to £29m
Dowlais FY2025 revenue £4,410m (up 2% from £4,337m in 2024); operating loss improved to £29m from £167m.
Dauch Corp terminates Tolga Oal, President of Axle Systems, effective April 16
Tolga Oal terminated as President – Axle Systems, effective April 16, 2026.
Dauch reports Q4 2025 net loss $75.3M, closes Dowlais acquisition, guides FY2026 sales $10.3-10.7B
Q4 2025 sales $1.38B (flat YoY), net loss $75.3M, adj EBITDA $169M (12.2% margin).
Dauch appoints two former Dowlais directors to board, new VP with performance equity inducement
Appointed Fiona MacAulay and Simon Mackenzie Smith as independent directors effective Feb 5; committee roles effective April 29.
Dauch completes dual listing on LSE and NYSE; ticker changes to DCH on NYSE
235,668,048 total common shares admitted to LSE main market under ticker 'DCH' today.
Dauch Corp completes acquisition of Dowlais Group for 43p cash + 0.0881 share per share
Acquired Dowlais Group plc (GKN Automotive & Powder Metallurgy) via scheme of arrangement; Dowlais shares delisted from LSE Feb 4.
Dauch obtains court sanction for Dowlais combination; UK prospectus published
Court sanctioned Scheme of Arrangement for Dowlais combination; expected effective date Feb 3, 2026.
American Axle rebrands as Dauch Corp, ticker becomes DCH on NYSE Feb 5
Name change to Dauch Corporation effective Jan 26, 2026; ticker changes to DCH on Feb 5.
AAM clears China antitrust hurdle for Dowlais deal; court hearing Jan 30
China State Administration for Market Regulation approved the combination, satisfying all antitrust conditions.
AAM Q3 sales $1.51B, adjusted EBITDA margin 12.9%; raises FY sales and EBITDA guidance
Net income $9.2M ($0.07 diluted EPS); adjusted EPS $0.16, down from $0.20 YoY.
AAM receives EC clearance for Dowlais combination; closing now expected Q1 2026
European Commission unconditionally cleared the combination on October 1, 2025; EU antitrust condition satisfied.
American Axle issues $2.1B in notes to fund Dowlais combination, redeem existing debt
Issued $850M of 6.375% senior secured notes due 2032 and $1.25B of 7.750% senior unsecured notes due 2033.
AAM prices $2.1B debt offering (6.375% secured, 7.75% unsecured) for Dowlais deal
Priced $850M 6.375% senior secured notes due 2032 and $1.25B 7.750% senior unsecured notes due 2033.
AAM announces $1.443B debt offering to finance Dowlais combination
Offering $843M senior secured notes due 2032 and $600M senior unsecured notes due 2033.
CEO David C. Dauch's base salary increased to $1,300,000, with target bonus of 160% and long-term incentive of 700% of base salary, effective Aug 16, 2025.
AAM appoints David B. Walker to Board as independent director
David B. Walker elected to AAM's Board as a Class II independent director effective August 6, 2025.
AAM Q2 net income rises to $39.3M; raises FY 2025 sales and EBITDA guidance
Sales $1.54B (down 5.5% YoY); net income $39.3M vs $18.2M YoY; diluted EPS $0.32.
Dowlais shareholders approve AAM's acquisition; expected close Q4 2025
Dowlais shareholders voted to approve scheme arrangement and special resolution for AAM's recommended offer.
AAM stockholders approve proposals for Dowlais acquisition; deal expected Q4 2025
AAM stockholders approved charter amendment to increase authorized shares from 150M to 375M (92.9M for, 1.3M against).
AAM adds J.P. Morgan valuation details to proxy; faces 12 demand letters, 2 lawsuits
Special meeting to approve Dowlais deal remains July 15, 2025; AAM voluntarily supplements proxy with J.P. Morgan analyses.
Dowlais cancelled 27,865,471 shares held by Melrose Employee Share Ownership Trust for nil consideration.
AAM Q1 sales and earnings drop YoY; cuts FY2025 guidance on lower volumes
Sales $1.41B vs $1.61B YoY (-12%); net income $7.1M ($0.06 EPS) vs $20.5M ($0.17).
Amended 2018 Omnibus Incentive Plan approved: 92.1M for, 6.2M against.
AAM elects Terry Grayson-Caprio to board as independent Class III director
Terry Grayson-Caprio, retired KPMG Managing Partner, elected to AAM board effective March 12, 2025.
AAM clears U.S. antitrust HSR waiting period for Dowlais acquisition; close expected Q4 2025
HSR Act waiting period expired on March 13, 2025, satisfying one condition to close the combination.
Syndicated $843M Term Loan B, $843M 1st Lien Bridge, and $500M 2nd Lien Bridge for Dowlais combination.
Q4 2024 sales $1.38B, net loss $(13.7)M, loss per share $(0.12); adjusted loss per share $(0.06).
AAM to acquire Dowlais Group plc for ~£1.16B; offers 42p cash + 0.0863 shares per Dowlais share
Deal value ~£1.16B; Dowlais holders receive 42p cash + 0.0863 AXL shares per share, plus up to 2.8p dividend.
AAM Q3 net income $10M (EPS $0.08) vs year-ago loss; EBITDA margin rises to 11.6%
Sales $1.50B vs $1.55B YoY; net income $10.0M vs net loss $17.4M in Q3 2023.
AAM agrees to sell India commercial vehicle axle business to Bharat Forge for $65M
Sale price $65M; business generated $156M sales in LTM ended June 30, 2024.
AAM Q2 2024 sales $1.63B (+4% YoY); adj. EPS $0.19 vs $0.12; guidance raised
Sales $1.63B vs $1.57B; net income $18.2M ($0.15 EPS) vs $8.0M ($0.07) YoY.
AAM enters $648M term loan B refinancing, matures Dec 2029 at SOFR+3.00%
New $648M Term Loan B facility fully prepays existing term loan B facility.
AAM Q1 net income $20.5M vs loss year ago; sales $1.61B up 8%
Net income of $20.5M ($0.17 diluted EPS) vs net loss of $5.1M ($(0.04)) in Q1 2023.
AAM shareholders re-elect three directors; advisory say-on-pay and auditor ratification approved
David C. Dauch, William L. Kozyra, and Peter D. Lyons re-elected to three-year terms on AAM's board.
On March 12, 2025, the Board of Directors of American Axle & Manufacturing Holdings, Inc. (“AAM”) elected Terry Grayson-Caprio as an independent director of the Board.
Max materiality 0.85 · Median 0.70 · Most common event m_and_a