AMERICAN AXLE & MANU

AXL
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AMERICAN AXLE & MANUFACTURING HOLDINGS INC : Change in Directors or Principal Officers, Other Events (form 8-K)

09/18/2020 | 08:02am

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 15, 2020, the Executive Committee of the Board of Directors (the
"Committee") of American Axle & Manufacturing Holdings, Inc. ("AAM") determined
that the base salaries of its executive officers, including its named executive
officers, David C. Dauch, Christopher J. May, Michael K. Simonte, Gregory S.
Deveson
and Norman Willemse, would be restored to pre-pandemic amounts.
Effective October 1, 2020, the current reduction in base salary of 30% will be
discontinued for all executive officers. At the same time, AAM is fully
restoring base salaries of a broad group of salaried associates whose pay had
also been reduced in response to the COVID-19 pandemic.



Item 8.01. Other Events.
On September 15, 2020, the Committee also determined that the current 40%
reduction in the annual cash retainer for each non-employee director would be
restored to the pre-pandemic amount effective October 1, 2020.



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