DETROIT, May 7, 2026 /PRNewswire/ -- 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.
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 to learn more.
Contacts:
Christopher M. Son, Vice President, Marketing & Communications
+1 (313) 758-4814
Chris.son@aam.com
David H. Lim, Head of Investor Relations
+1 (313) 758-2006
David.lim@aam.com
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SOURCE Dauch Corporation
