REG - Dauch Corporation - Dauch Corporation Appoints New General Counsel

DauchAnnouncement

08/05/2026 16:30

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RNS Number : 6653D  Dauch Corporation  08 May 2026

 

Dauch Corporation Appoints New General Counsel and Secretary and Announces
Employee Inducement Award Under NYSE Rule 303A.08

DETROIT, May 7, 2026 - Dauch Corporation (NYSE: DCH, LSE: DCH) today announced
the appointment of Joshua Sherbin, as General Counsel and Secretary. Sherbin
will report into the company's Chairman and Chief Executive Officer.

Prior to joining Dauch, Sherbin was the Chief Legal Officer, Chief
Administrative Officer, Chief Compliance Officer, and Corporate Secretary at
The Shyft Group.  Earlier in his career, Sherbin held multiple executive
leadership roles, including Senior Vice President, General Counsel, Chief
Compliance Officer, Corporate Secretary at TriMas Corporation, as well as
other leadership roles at Valeo, Kelly Services, and Butzel Long.

Sherbin brings more than 30 years of experience covering a wide range of
areas, including enterprise-wide legal, governance and compliance management,
as well as the execution of multiple global acquisitions, divestitures, joint
ventures, and financings. Sherbin holds a Bachelor of Arts degree in Political
Science from Kalamazoo College and a Juris Doctor from Wayne State University
Law School.

"We're honored to welcome Joshua to the company at this transformational time
in our history. His broad legal experience will bring added value to an
already strong leadership team committed to delivering results for our
customers, suppliers, and associates, while moving the industry forward," said
David C. Dauch, Chairman and Chief Executive Officer.

Employee Inducement Award Under NYSE Rule 303A.08

Effective May 4, 2026, Sherbin was granted the following equity awards
(collectively, the "Inducement Grant"): (1) an award of performance stock
units covering a target of 45,455 shares of the company's common stock (the
"Performance Breakout Inducement Grant"); (2) an award of time-based
restricted stock units covering 100,747 shares of the company's common stock,
which will vest upon the third anniversary of the grant date, subject to his
continued employment with the company (the "Time-Based Inducement Grant,");
and (3) an award of performance stock units covering a target of 75,560 shares
of the company's common stock (the "Performance Share Inducement Grant").

The Performance Breakout Inducement Grant will vest based on continued
employment and the highest average share price achieved over a 20-day trading
period during the measurement period ending March 31, 2029 (the "Performance
Period"). If the average price of (measured every trading day based on the 20
trading-day average) remains above $12.00 over a 20 trading-day period, 100%
of the target award would be considered earned, with the payout increasing
incrementally by $1.00 and 20%, respectively, up to a maximum of $22.00 and
corresponding payout percentage of 300%. Subject to Sherbin's continued
employment with the company, 50% of the award will vest at the end of the
Performance Period and the remaining 50% will vest at the one-year anniversary
of that date.

The Performance Share Inducement Grant will vest based on continued employment
and the achievement of cumulative and annual adjusted free cash flow targets
for 2026, 2027 and 2028. Up to 200% of the target award may be earned based on
the achievement of cash flow targets with the amount ultimately delivered
under the Performance Share Inducement Grant increased if certain net synergy
targets are achieved during the performance period through December 31, 2028.
Subject to Sherbin's continued employment with the company, the earned award
will be paid no later than March 15, 2029.

The Inducement Grant was approved by the Compensation Committee of the
company's Board of Directors and granted under the Dauch Corporation 2026
Inducement Omnibus Equity Incentive Plan as an employment inducement award
pursuant to New York Stock Exchange Rule 303A.08.

A full bio of Joshua Sherbin can be found on www.dauch.com
(http://www.dauch.com) .

About Dauch

Dauch Corporation is a premier Driveline and Metal Forming supplier serving
the global automotive industry with a powertrain-agnostic product portfolio
that supports electric, hybrid, and internal combustion vehicles. The company
is headquartered in Detroit, MI, with operations that span 24 countries and
more than 175 locations. Visit www.dauch.com (http://www.dauch.com)  to learn
more.

###

Contacts:

Christopher M. Son, Vice President, Marketing & Communications

+1 (313) 758-4814

Chris.son@aam.com (mailto:Chris.son@aam.com)

 

David H. Lim, Head of Investor Relations

+1 (313) 758-2006

David.lim@aam.com (mailto:David.lim@aam.com)

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