Dana Annual Meeting: Shareholder Proposal for Independent Chair Fails, CFO Announces $300M Buyback Target
Dana Incorporated's shareholder proposal to require an independent board chairman failed with only 27% support, allowing current chairman R. Bruce McDonald to remain in the role. The company's CFO announced a $300 million stock buyback target for 2026. The annual meeting saw all directors re-elected and shareholder approval for executive compensation and auditor ratification.
Tickers: $DAN
Topics: board elections executive transitions shareholder proposals stock buybacks