8-KThe WireRoutine
Company Update
Filed May 10, 2024 · 2y ago · Accession 0001193125-24-135719
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 10, 2024
Dana Incorporated
(Exact name of registrant as specified in its charter)
Delaware
1-1063
26-1531856
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
3939 Technology Drive , Maumee , Ohio 43537
(Address of principal executive offices) (Zip Code)
(419) 887-3000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Title of Each Class
Trading
Symbol
Name of Each Exchange
on which Registered
Common Stock, $.01 par value
DAN
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01
Other Events
Hydro-Québec owns a 45% redeemable noncontrolling interest in the Dana TM4 joint venture. The terms of the shareholders agreement provide Hydro-Québec with the right to put its ownership interests in the Dana TM4 joint venture to Dana at fair market value.
On May 6, 2024, Hydro-Québec provided Dana with its put notice. The fair market value and the transaction closing date will be determined in accordance with the provisions of the shareholders agreement.
See Critical Accounting Estimates in Item 7 of Part II of our Form 10-K for the year ended December 31, 2023 and Note 7 of our consolidated financial statements in Item 1 of Part I of our Form 10-Q for the quarterly period ended March 31, 2024 for additional information.
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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: May 10, 2024
By:
/s/ Douglas H. Liedberg
Name:
Douglas H. Liedberg
Title:
Senior Vice President, General Counsel and Secretary
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Filing details
- Company
- DANA Inc
- Ticker
- DAN
- CIK
- 26780
- Form type
- 8-K
- Filing date
- May 10, 2024
- Report date
- May 10, 2024
- Document
- d838781d8k.htm
- Size
- 137 KB