Stoneridge enters change in control and transaction bonus agreements with President of Control Devices Rajaey Kased

STONERIDGE INC

Rajaey Kased, President of Control Devices, receives new change in control agreement and a $84,204 transaction bonus letter agreement.
The change in control agreement is a double trigger requiring both a change in control (including sale of Control Devices by Dec 31, 2025) and a qualifying termination.
Under the CIC, Kased would receive 2x base salary, 2x target incentive, pro-rata annual incentive, and 24 months of benefits; no excise tax gross-up.
Transaction bonus of $84,204 is contingent on Kased's continued employment through sale of Control Devices and execution of a release.
The Compensation Committee approved both agreements on August 13, 2025.

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