UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM
CURRENT REPORT
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| 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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