Core Viewpoint - Dauch Corporation announced the grant of restricted stock units (RSUs) to 62 employees as part of an inducement strategy following its business combination with Dowlais Group plc, correcting previously reported figures [1]. Group 1: Inducement Grant Details - The Inducement Grant includes 564,327 shares of common stock awarded to 62 individuals, with 83,267 RSUs specifically granted to Markus Bannert, the new President of Metal Forming [1]. - The RSUs are subject to time-based vesting and will vest on the third anniversary of the grant date, contingent on continued employment with the company [2]. - The Inducement Grant was approved by the Compensation Committee and is part of the Dauch Corporation 2026 Inducement Omnibus Equity Incentive Plan, in compliance with New York Stock Exchange Rule 303A.08 [2]. Group 2: Company Overview - Dauch Corporation is a leading supplier in the Driveline and Metal Forming sectors, catering to the global automotive industry with a diverse product portfolio that supports electric, hybrid, and internal combustion vehicles [3]. - The company is headquartered in Detroit, Michigan, and operates in 24 countries with over 175 locations worldwide [3].
Updated: Dauch Corporation Announces Inducement Awards under NYSE Rule 303A.08
Prnewswire·2026-03-10 22:00