secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K/A
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001043337-23-000031
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000031/0001043337-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000031/sri-20230130.htm
  HTML page:      https://secwatch.observer/filing/0001043337-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer