BorgWarner Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Financial Statements and Exhibits
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 29, 2026
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On Wednesday, April 29, 2026, at the 2026 annual meeting of the stockholders (the “Annual Meeting”) of BorgWarner Inc. (the “Company” or “BorgWarner”), the stockholders approved the amended and restated BorgWarner Inc. 2023 Stock Incentive Plan (the “Amended and Restated 2023 Plan”), which was previously approved by the Board of Directors of the Company (the “Board”) on February 4, 2026, subject to stockholder approval. The Amended and Restated 2023 Plan, which became effective upon stockholder approval at the Annual Meeting, provides for an increase of 8.3 million shares of common stock reserved for issuance under the Amended and Restated 2023 Plan.
A description of the terms of the Amended and Restated 2023 Plan is included in “Proposal 4: Approve the Amended and Restated BorgWarner Inc. 2023 Stock Incentive Plan” in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on March 19, 2026, which description is incorporated herein by reference. Such description is a summary only and is qualified in its entirety by reference to the full text of the Amended and Restated, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders
The Annual Meeting was held on Wednesday, April 29, 2026. Matters submitted to stockholders at the Annual Meeting and the voting results thereof were as follows:
(a) Election of Joseph F. Fadool, Sara A. Greenstein, Michael S. Hanley, Shaun E. McAlmont, Deborah D. McWhinney, Alexis P. Michas, Sailaja K. Shankar, and Hau N. Thai-Tang to the Board of Directors:
For | Against | Abstention | Broker Non-Votes | |||||||||||
Fadool | 174,626,241 | 497,487 | 280,418 | 11,772,156 | ||||||||||
Greenstein | 172,509,049 | 2,627,531 | 267,566 | 11,772,156 | ||||||||||
Hanley | 174,386,590 | 749,192 | 268,364 | 11,772,156 | ||||||||||
McAlmont | 172,749,138 | 2,381,528 | 273,480 | 11,772,156 | ||||||||||
McWhinney | 172,546,276 | 2,591,113 | 266,757 | 11,772,156 | ||||||||||
Michas | 168,149,322 | 6,986,400 | 268,424 | 11,772,156 | ||||||||||
Shankar | 173,400,105 | 1,732,411 | 271,630 | 11,772,156 | ||||||||||
Thai-Tang | 173,967,437 | 1,170,736 | 265,973 | 11,772,156 | ||||||||||
(b) Approval, on an advisory basis, of the compensation of the Company’s named executive officers:
For | Against | Abstain | Broker Non-Votes | ||||||||
168,106,859 | 6,878,029 | 419,258 | 11,772,156 | ||||||||
(c) Ratification of the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Company for 2026:
For | Against | Abstain | Broker Non-Votes | ||||||||
182,862,445 | 4,048,763 | 265,094 | — | ||||||||
(d) Approval of the Amended and Restated BorgWarner Inc. 2023 Stock Incentive Plan:
For | Against | Abstain | Broker Non-Votes | ||||||||
165,155,049 | 9,871,409 | 377,688 | 11,772,156 | ||||||||
(e) Stockholder proposal regarding action by written consent:
For | Against | Abstain | Broker Non-Votes | ||||||||
7,092,158 | 167,086,447 | 1,255,541 | 11,772,156 | ||||||||
Item 7.01 Regulation FD Disclosures
On April 29, 2026, the Board declared a quarterly cash dividend of $0.17 per share of the Company's common stock. The dividend is payable on June 15, 2026 to stockholders of record on June 1, 2026.
On April 30, 2026, the Company issued the press release attached as Exhibit 99.1, which is incorporated herein by reference.
The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purpose of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in any such filings.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following exhibits are being furnished as part of this Report.
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Exhibit Number | Description | ||||
10.1 | |||||
99.1 | |||||
104.1 | The cover page from this Current Report on Form 8-K, formatted as Inline XBRL | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BorgWarner Inc. | ||||||||
| Date: April 30, 2026 | By: | /s/ Tonit M. Calaway | ||||||
| Name: Tonit M. Calaway | ||||||||
| Title: Executive Vice President and Secretary | ||||||||