Stoneridge finalizes CEO James Zizelman's employment agreement; base salary $600K, target bonus 100%

STONERIDGE INC

Annual base salary of $600,000; AIP target of 100% of base salary; LTIP target of 125% of base salary.
Severance on without-cause termination: one year salary plus target bonus; health benefits continued for 12 months.
Change-in-control severance: lump sum of 2x salary plus 2x target bonus; health benefits for 24 months.
Initial term through Dec 31, 2023, with automatic one-year renewals; Executive nominated for Board election.

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