UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification Number) |
| (Address of principal executive offices) (Zip Code) |
(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 | ||
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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Document and Entity Information |
May 10, 2024 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | DANA INC |
| Amendment Flag | false |
| Entity Central Index Key | 0000026780 |
| Document Type | 8-K |
| Document Period End Date | May 10, 2024 |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 1-1063 |
| Entity Tax Identification Number | 26-1531856 |
| Entity Address, Address Line One | 3939 Technology Drive |
| Entity Address, City or Town | Maumee |
| Entity Address, State or Province | OH |
| Entity Address, Postal Zip Code | 43537 |
| City Area Code | (419) |
| Local Phone Number | 887-3000 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $.01 par value |
| Trading Symbol | DAN |
| Security Exchange Name | NYSE |
| Entity Emerging Growth Company | false |