Late filing
elevated
Filing comparison
DANA Inc filed its quarterly report late and said it expects a significant change in results
expects significant change in results Filed 3 days before the statutory due date.
Dana Incorporated (the “Company”) has determined that it is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026 (the “Form 10-Q”) by the prescribed due date for the reasons described below. On January 1, 2026, the Company completed the sale of its Off-Highway business to Allison Transmission Holdings, Inc. The process to affect the sale transaction in the Company’s consolidation system was complex and time consuming and resulted in additional reconciliation and tie out procedures being performed to ensure a complete and accurate recording of the transaction in the Company’s financial statements. The Company is…
Evidence
- Anticipates significant change
- Yes
- Days past due date
- -3
- Other periodic reports filed
- Yes
- Routine
- No
- Severity
- elevated
- Source
- Form 12b-25 (notification of late filing)
- Stated reason
- Dana Incorporated (the “Company”) has determined that it is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026 (the “Form 10-Q”) by the prescribed due date for the reasons described below. On January 1, 2026, the Company completed the sale of its Off-Highway business to Allison Transmission Holdings, Inc. The process to affect the sale transaction in the Company’s consolidation system was complex and time consuming and resulted in additional reconciliation and tie out procedures being performed to ensure a complete and accurate recording of the transaction in the Company’s financial statements. The Company is…
- Why
- The company told the SEC it could not file a periodic report on time, using Form 12b-25.