secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001043337-25-000118
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000104333725000118/0001043337-25-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000104333725000118/sri-20250813.htm
  HTML page:      https://secwatch.observer/filing/0001043337-25-000118

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