Dauch Corporation Corrects Inducement Award Figures

Dauch Corporation (NYSE: DCH) has issued a corrected press release with updated details on inducement awards made under NYSE Rule 303A.08. According to the updated release, some of the figures in the original March 3rd announcement were incorrectly reported. The corrected release provides the accurate information on the inducement awards. NYSE Rule 303A.08 allows companies to grant 'inducement awards' of stock options or other equity-based compensation to new employees as an incentive to join the company. These awards are made outside of the company's regular equity compensation plans. The corrected Dauch Corporation release does not provide specifics on the nature or amounts of the inducement awards. However, it indicates the initial figures were misstated and the company is issuing this update to ensure accurate public disclosure. Dauch Corporation is a diversified industrial manufacturing company serving the maritime and transportation sectors. The company's stock trades on the New York Stock Exchange under the ticker symbol DCH.