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.


                                       2

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses