Dana Incorporated (NYSE:DAN) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07
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Submission of Matters to a Vote of Security Holders |
At Dana Incorporateds (Dana) Annual Meeting of Shareholders held
on April27, 2017 (the Annual Meeting), shareholders considered
six proposals that are described in more detail in Danas
definitive proxy statement dated March16, 2017 for the Annual
Meeting of Shareholders. There were 144,097,418 shares of Dana
common stock eligible to vote at the meeting. Each of the
proposals was considered and approved by the requisite majority
of votes cast or represented.
The vote results detailed below represent final results as
certified by the Inspector of Elections:
PROPOSAL I – Election of eight directors for a one-year term
expiring in 2018 or upon the election and qualification of their
successors:
| FOR | WITHHOLD | BROKER NON-VOTE | ||||||||||
|
Rachel A. Gonzalez |
126,262,571 | 1,322,713 | 5,385,321 | |||||||||
|
James K. Kamsickas |
126,437,617 | 1,147,667 | 5,385,321 | |||||||||
|
Virginia A. Kamsky |
125,886,059 | 1,699,225 | 5,385,321 | |||||||||
|
Terrence J. Keating |
124,382,408 | 3,202,876 | 5,385,321 | |||||||||
|
Raymond E. Mabus, Jr. |
126,260,700 | 1,324,584 | 5,385,321 | |||||||||
|
R. Bruce McDonald |
125,888,004 | 1,697,280 | 5,385,321 | |||||||||
|
Mark A. Schulz |
126,192,731 | 1,392,553 | 5,385,321 | |||||||||
|
Keith E. Wandell |
125,312,317 | 2,272,967 | 5,385,321 |
PROPOSAL II – Approval of a non-binding advisory vote on
executive compensation:
|
FOR |
AGAINST | ABSTAIN | BROKER NON-VOTE | |||
|
119,822,464 |
7,171,923 | 590,897 | 5,385,321 |
PROPOSAL III – Approval of a non-binding vote on the
frequency of the advisory vote on executive compensation:
|
1YEAR |
2YEARS | 3YEARS | ABSTAIN | BROKER NON-VOTE | ||||
|
108,447,977 |
32,961 | 18,600,831 | 499,291 | 5,389,545 |
The Board of Directors has made the determination to continue to
hold the advisory vote on the compensation of the Companys named
executive officers on an annual basis.
2
PROPOSAL IV – Approval of the Dana Incorporated 2017 Omnibus
Incentive Plan:
|
FOR |
AGAINST | ABSTAIN | BROKER NON-VOTE | |||
|
118,569,408 |
8,423,201 | 592,675 | 5,385,321 |
PROPOSAL V – Ratification of the appointment of
PricewaterhouseCoopers LLP as the independent registered public
accounting firm for the fiscal year ending December31, 2017:
|
FOR |
AGAINST | ABSTAIN | ||
|
128,695,980 |
3,745,723 | 528,902 |
PROPOSAL VI Consideration of a shareholder proposal regarding
simple majority voting:
|
FOR |
AGAINST | ABSTAIN | BROKER NON-VOTE | |||
|
102,000,717 |
25,032,515 | 552,052 | 5,385,321 |
3
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 up +0.07 at 20.16 with 3,292,115 shares trading hands.
