Dauch Corp (AXL) Form 8-K — Oct 13, 2026
Dauch Corporation announced a structured financial leadership succession plan: Nathan R. Iles, currently CFO of Standard Motor Products, joins as Senior Vice President of Finance on November 2, 2026 and will become CFO on December 1, 2026. Incumbent CFO Christopher May is not leaving; he transitions to Executive Vice President & Chief Administrative Officer, retaining IT oversight and adding HR oversight, while SVP Terri Kemp retires at year-end 2026. Iles' offer letter provides a $650,000 base salary, 100% target bonus, and 200% target long-term incentive, plus inducement equity (90,909 performance shares, $500,000 in RSUs) and a $375,000 cash bonus.
Key figures
- Base Salary
- 650000
- Target LTIPercent
- 200% of base salary
- Target Bonus Percent
- 100% of base salary
- Rsu target value
- $500,000
- Cash signing bonus
- $375,000
- Cfo effective date
- December 1, 2026
- Svp finance effective date
- November 2, 2026
- Performance equity target shares
- 90909
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