Dauch Corporation Welcomes Joshua Sherbin as New General Counsel and Announces Inducement Award Under NYSE Rules

Dauch Corporation's Latest Leadership Changes

On May 7, 2026, Dauch Corporation made headlines with the announcement of significant changes in its executive leadership. The company has appointed Joshua Sherbin as its new General Counsel and Secretary, marking a pivotal step in its corporate governance and legal strategy. Sherbin, who has amassed over 30 years of extensive experience in various legal and compliance roles, will now report directly to David C. Dauch, the company's Chairman and Chief Executive Officer.

Before joining Dauch, Sherbin held notable positions such as Chief Legal Officer at The Shyft Group and has a rich background in leadership roles at several prestigious firms, including TriMas Corporation, Valeo, and Kelly Services. This remarkable career trajectory has equipped him with a wealth of expertise covering enterprise legal, governance, and compliance management, as well as global acquisitions, divestitures, and joint ventures.

David C. Dauch expressed his enthusiasm regarding Sherbin's appointment: "We are 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."

Employee Inducement Award and NYSE Rule 303A.08

In addition to Sherbin's appointment, Dauch Corporation announced an Employee Inducement Award consistent with the New York Stock Exchange Rule 303A.08. This program is designed to attract and retain seasoned professionals by offering equity awards tied to performance metrics.

Effective May 4, 2026, Sherbin's inducement grant includes a mix of performance stock units and time-based restricted stock units. In total, Sherbin was awarded:

1. Performance Stock Units: Covering a target of 45,455 shares of common stock, which will vest based on performance metrics related to the company's stock price. If the stock price exceeds $12.00 over a specified 20-day trading period, the full target award can be earned, with potential increases based on further performance metrics.
2. Time-Based Restricted Stock Units: Covering 100,747 shares, which will become available to Sherbin on the third anniversary of the grant, contingent on his continued employment at the company.
3. Additional Performance Stock Units: Covering another target of 75,560 shares, which will vest based on cumulative financial targets for free cash flow over a three-year period (2026-2028).

This combination of awards emphasizes Dauch Corporation's commitment to aligning the interests of its leadership team with those of its shareholders, fostering a culture of accountability and performance.

About Dauch Corporation

Dauch Corporation is a prominent player in the automotive industry, operational across multiple sectors, including driveline and metal forming for various vehicle powertrains. The company prides itself on its powertrain-agnostic product offerings that cater to a global market of electric, hybrid, and internal combustion vehicles. Headquartered in Detroit, MI, Dauch Corporation maintains a vast operational footprint, with presence in 24 countries and over 175 locations worldwide.

As Joshua Sherbin steps into his new role, Dauch Corporation looks poised for a period of growth and transformation, enhanced by experienced leadership aimed at navigating the complexities of the global automotive landscape. For further information, visit www.dauch.com.