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AI brief of an SEC Form 8-K · Dana Incorporated (DAN)

Dana to buy back all Icahn Group shares, 14,268,505 at $17.58 each

Neutral Impact 4 of 5 shareholder Written later

Dana Incorporated agreed on June 17, 2025 to repurchase 14,268,505 shares of its common stock from the Icahn Group at $17.58 per share, which the filing says is all the shares the Icahn Group owned. The Icahn Group's director appointment and nomination agreement was terminated effective the same day, and Brett M. Icahn and Christian A. Garcia resigned from Dana's board, which matters to shareholders because it ends the Icahn Group's board representation and changes the company's share count.

Key points

  • Dana agreed to repurchase 14,268,505 shares of common stock from the Icahn Group at $17.58 per share, under its existing share repurchase authorization.
  • The Board unanimously approved the repurchase, without participation of the directors designated by the Icahn Group.
  • The Appointment and Nomination Agreement, dated January 7, 2022 and amended January 23, 2025, was terminated effective June 17, 2025.
  • Brett M. Icahn and Christian A. Garcia resigned from the board effective June 17, 2025, and the filing states the resignations did not result from any disagreement with Dana.

The filing

CompanyDana Incorporated (DAN)
Form8-K, current report
Filed with the SECJun 17, 2025, 6:36 PM ET
Accession number0000950142-25-001634

Items reported: 1.02 Termination of Material Agreement5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 17, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.