Short answer
DANA Inc (DAN) filed an 8-K current report with the SEC on June 12, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Byron S. Foster becomes CEO July 1, 2026, succeeding R. Bruce McDonald.
DANA Inc 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Byron S. Foster becomes CEO July 1, 2026, succeeding R. Bruce McDonald
- Foster receives $1,000,000 base salary and 150% target annual incentive opportunity
- McDonald transitions to Executive Chairman and Board Chairman through December 31, 2028
- McDonald receives $700,000 base salary, 100% target incentive, and $5,000,000 RSU award
- McDonald’s RSUs vest 50% on December 31, 2027 and 50% on December 31, 2028
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