Dana Incorporated (NYSE:DAN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Dana Incorporated (NYSE:DAN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Board of Directors of Dana Incorporated (“Dana”) appointed Rachel A. Gonzalez and Raymond E. Mabus, Jr. to serve on Dana’s Board of Directors effective February 16, 2017. Ms. Gonzalez, 47, is executive vice president and general counsel of Sabre Corporation, a position she assumed in September 2014. Ms. Gonzalez will serve on Dana’s Audit Committee as well as its Nominating and Corporate Governance Committee. Mr. Mabus, 68, was most recently the United States Secretary of the Navy from May 2009 to January 2017. Mr. Mabus will serve as on Dana’s Nominating and Corporate Governance Committee as well as Compensation Committee.

Each new Board member will be compensated for service on the Board in the same manner as Dana’s other non-employee directors as described under the heading “Compensation of Directors” in Dana’s 2016 Proxy Statement filed with the Securities and Exchange Commission on March 11, 2016. Further, there are no transactions involving either new Board member requiring disclosure under Item 404(a) of Regulation S-K.

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About Dana Incorporated (NYSE:DAN)

Dana Inc, formerly Dana Holding Corporation, is a provider of high technology driveline, sealing and thermal-management products. The Company offers its products to vehicle manufacturers in the global light vehicle, medium/heavy vehicle and off-highway markets. The Company operates in four segments: Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Driveline Technologies (Off-Highway) and Power Technologies. Its Light Vehicle segment’s products include front axles, rear axles, drive shafts, differentials, torque couplings and modular assemblies. Its Commercial Vehicle segment’s products include drive shafts and tire inflation systems. Its Off-Highway segment’s products include products include front axles, rear axles, drive shafts, transmissions, tire inflation systems and electronic controls. Its Power Technologies segment’s products include gaskets, cover modules among others.

Dana Incorporated (NYSE:DAN) Recent Trading Information

Dana Incorporated (NYSE:DAN) closed its last trading session down -0.18 at 19.36 with 1,507,912 shares trading hands.

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