Dauch Corp SEC Filings

Dauch Corp director Fiona M. MacAulay filed an initial ownership report showing a modest personal stake in the company. As of February 5, 2026, she beneficially owns 1,073 shares of Dauch Corp common stock, held in direct ownership form, with no derivative securities reported.

Dauch Corp director Mackenzie Smith Simon reported existing share ownership in a Form 3 filing. The filing shows direct beneficial ownership of 14,394 shares of Dauch Corp common stock as of the event date of February 5, 2026. The form does not reflect a new purchase or sale, but establishes the director’s current holdings.

Dauch Corp officer Markus Bannert reported acquiring 90,909 shares of common stock in the form of performance-based restricted stock units (PSUs). This award increased his directly owned stake to 236,917 shares.

The PSUs are granted at a target level, with the actual number earned depending on the highest average price of Dauch Corp’s common stock over any 20‑day trading period during a performance period that ends on March 31, 2029. The award is capped at 300% of the target number of PSUs. Any PSUs ultimately earned will generally vest 50% at the end of the performance period and the remaining 50% on the first anniversary of that date, tying Bannert’s compensation to the company’s longer-term share price performance.

Dauch Corporation (formerly American Axle) filed its annual report describing a major transformation of the business. The company completed a ~$1.7 billion acquisition of Dowlais Group plc, issuing about 117 million new shares and increasing authorized shares from 150 million to 375 million.

Dauch is now a global driveline and metal forming supplier serving internal combustion, hybrid and electric vehicles across 24 countries and more than 175 locations. The business remains highly concentrated, with sales to one key customer representing 44% of 2025 net sales, Ford 15% and Stellantis 13%.

To finance growth, the combined company carries about $5.4 billion of debt, alongside significant pension obligations, and highlights risks from leverage, supply chain disruptions, labor relations and the industry shift toward electrified vehicles. Dauch also emphasizes sustainability, targeting net-zero carbon emissions by 2040 and 100% renewable energy globally by 2035.

Dauch Corporation reported flat fourth quarter 2025 sales of $1.38 billion but a much larger net loss of $75.3 million, while Adjusted EBITDA improved to $169.0 million, or 12.2% of sales. For full year 2025, sales were $5.84 billion versus $6.12 billion in 2024, and results swung from net income of $35.0 million to a net loss of $19.7 million, even as Adjusted earnings per share inched up to $0.53 and Adjusted EBITDA margin rose to 12.7%.

Operating cash flow for 2025 was $411.6 million, down from $455.4 million, and Adjusted free cash flow declined to $213.0 million. Management highlighted the close of the transformational Dowlais acquisition and issued 2026 targets including sales of $10.3–$10.7 billion, Adjusted EBITDA of $1.3–$1.4 billion with more than $100 million synergy run-rate by the end of year one, and Adjusted free cash flow of $235–$325 million, alongside significant planned restructuring and integration spending.