Dana Inc. Adds Two Directors to Board
Ticker: DAN · Form: 8-K · Filed: Dec 11, 2024 · CIK: 26780
Sentiment: neutral
Topics: board-composition, governance, executive-compensation
Related Tickers: DAN
TL;DR
Dana Inc. just added 2 new independent directors to its board.
AI Summary
On December 10, 2024, Dana Incorporated announced the election of two new independent directors, Michael J. Cardone Jr. and Mark J. Flannery, to its Board of Directors, effective immediately. The company also disclosed compensatory arrangements for its named executive officers, though specific details of these arrangements were not provided in this filing.
Why It Matters
The addition of new directors can signal strategic shifts or a focus on governance improvements, potentially impacting investor confidence and future company direction.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board appointments and compensatory arrangements, which are standard corporate governance disclosures.
Key Players & Entities
- Dana Incorporated (company) — Registrant
- Michael J. Cardone Jr. (person) — Newly Elected Director
- Mark J. Flannery (person) — Newly Elected Director
- December 10, 2024 (date) — Effective date of director appointments
FAQ
Who are the newly elected directors to Dana Incorporated's Board?
Michael J. Cardone Jr. and Mark J. Flannery were elected as new independent directors.
When were the new directors elected?
The election of the new directors was effective as of December 10, 2024.
What other information is disclosed in this 8-K filing?
The filing also pertains to compensatory arrangements of certain officers.
What is Dana Incorporated's state of incorporation?
Dana Incorporated is incorporated in Delaware.
What is Dana Incorporated's principal executive office address?
The principal executive offices are located at 3939 Technology Drive, Maumee, Ohio 43537.
Filing Stats: 701 words · 3 min read · ~2 pages · Grade level 11.4 · Accepted 2024-12-11 07:01:25
Filing Documents
- eh240566187_8k.htm (8-K) — 25KB
- eh240566187_ex9901.htm (EX-99.1) — 5KB
- logo.jpg (GRAPHIC) — 25KB
- 0000950142-24-002911.txt ( ) — 234KB
- dan-20241210.xsd (EX-101.SCH) — 3KB
- dan-20241210_lab.xml (EX-101.LAB) — 33KB
- dan-20241210_pre.xml (EX-101.PRE) — 22KB
- eh240566187_8k_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On December 11, 2024, the Company issued a press release announcing the appointment of Ms. LaFreniere to the Board. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference. The information in this item (including Exhibit 99.1) is being "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Dana Incorporated Press Release dated December 11, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DANA INCORPORATED Date: December 11, 2024 By: /s/ Douglas H. Liedberg Name: Douglas H. Liedberg Title: Senior Vice President, General Counsel and Secretary