UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM
CURRENT REPORT
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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).
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| Item 5.02. | Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Mark E. Wallace has notified Dana Incorporated that he will resign his position as Executive Vice President and President, Commercial Vehicle Drive and Motion Systems and Aftermarket, effective April 23, 2020. A copy of the press release is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits. The following item is furnished with this report.
| Exhibit No. |
Description | |||
| 99.1 |
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| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||
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: April 8, 2020 |
By: |
/s/ Douglas H. Liedberg | ||
| Name: |
Douglas H. Liedberg | |||
| Title: |
Senior Vice President, General Counsel and Secretary | |||
Exhibit 99.1
| IMMEDIATE | Media Contact: | Jeff Cole | ||
| +1-419-887-3535 | ||||
| jeff.cole@dana.com | ||||
| Investor Contact: | Craig Barber | |||
| +1-419-887-5166 | ||||
| craig.barber@dana.com | ||||
Dana Incorporated Announces Leadership Change
for its Commercial Vehicle Drive and Motion Systems Business
MAUMEE, Ohio, April 8, 2020 – Dana Incorporated (NYSE: DAN) today announced that Ryan Laskey has been named to lead the company’s Commercial Vehicle Drive and Motion Systems business, succeeding Mark Wallace, who has announced that he has accepted a CEO position outside the company.
Mr. Wallace will remain with Dana through April 22.
Mr. Laskey most recently served as vice president of Dana Commercial Vehicle Drive and Motion Systems, with responsibility for the business unit’s strategy, product planning, engineering, and program management for both traditional and electrified drivelines.
“Ryan is perfectly suited to lead our commercial vehicle business as we enter the next era of mobility,” said James Kamsickas, Dana chairman and chief executive officer. “He has extensive experience working in Dana’s commercial vehicle business and has played an integral role in advancing our electrification strategy. His understanding of the business, strong customer relationships, and commitment to quality and innovation make him a strong fit for this important leadership role.”
Mr. Laskey has worked for Dana for more than 20 years, beginning as a co-op and holding roles of increasing responsibility, including chief engineer of driveline applications, director of driveline product engineering, and vice president of commercial vehicle engineering and quality. In these roles, he has led numerous program launches, established a strong quality culture, and guided Dana’s electrification acquisitions for the commercial vehicle business.
He earned a bachelor’s degree in mechanical engineering from the University of Toledo and a Master of Business Administration degree from Purdue University.
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Mr. Laskey currently serves as a board member of Dana’s largest joint venture in China, as well as the Dana Charitable Foundation, which provides philanthropic support for the U.S. communities in which Dana operates. In his new role, he will be a member of the Dana Leadership Team.
Mr. Kamisckas added: “I also want to thank Mark for his many contributions to Dana. He has been a valued member of our executive team, and I know he will do very well in his new role.”
About Dana Incorporated
Dana is a world leader in providing power-conveyance and energy-management solutions that are engineered to improve the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. Enabling the propulsion of conventional, hybrid, and electric-powered vehicles, Dana equips its customers with critical drive and motion systems; electrodynamic technologies; and thermal, sealing, and digital solutions.
Founded in 1904, Dana employs more than 36,000 people who are committed to delivering long-term value to their customers, which include nearly every vehicle manufacturer in the world. Based in Maumee, Ohio, USA, and with locations in 34 countries across six continents, the company reported sales of $8.6 billion in 2019. Having established a high-performance culture that focuses on its people, the company has earned recognition around the world as a top employer. Learn more at dana.com.
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