DANA Inc 8-K

What Happened
DANA Inc (DAN) filed an 8-K on February 12, 2026 announcing a planned leadership transition: Byron Foster will become President and Chief Executive Officer effective July 1, 2026. The Board elected Mr. Foster to the Board effective February 11, 2026. Current CEO R. Bruce McDonald will remain CEO until July 1, 2026 and will continue as Chairman of the Board afterward. The company issued a press release about the transition (furnished as Exhibit 99.1).

Key Details

• Byron Foster, 57, currently Senior Vice President and President, Light Vehicle Systems at Dana; joined Dana in 2021 as Senior VP and Chief Commercial, Marketing, and Communications Officer.
• Board election date: Foster was elected to Dana’s Board effective February 11, 2026.
• CEO effective date: Foster will assume the role of President & CEO on July 1, 2026; R. Bruce McDonald remains CEO until that date and will remain Chairman thereafter.
• Additional background: Foster has over two decades of senior leadership experience (roles at Johnson Controls and Adient), serves on Wabtec Corporation’s board, and holds a BBA (University of Michigan) and an MBA (Northwestern).

Why It Matters
This is a material leadership change disclosed under Item 5.02. For investors, the appointment signals continuity in management and strategy because Foster is an internal executive with recent responsibility for Dana’s Light Vehicle Systems business. The scheduled transition and McDonald’s continued role as Chairman reduce immediate governance uncertainty. The press release was furnished under Regulation FD (not “filed”), meaning the company provided disclosure but did not attach the release to ongoing SEC filing liabilities.