Stoneridge awards $1.65M in exec bonuses and phantom shares; pro forma shows $21.8M continuing ops loss

STONERIDGE INC

Transaction bonuses: CEO James Zizelman $940,500, CFO Matt Horvath $414,423, CHRO Susan Benedict $296,294 for Control Devices sale.
Phantom share awards: Zizelman 142,933 shares, Benedict 45,029 shares; vest Jan 31, 2027, cash-settled.
Pro forma net loss from continuing ops: $21.8M (9mo 2025) and $13.4M (FY2024) after segment disposal.
Pro forma sales from continuing ops: $484M (9mo 2025) and $669M (FY2024), down from historical $656M and $908M.
Sale price $59M; $30M used to repay revolver; estimated pre-tax loss on sale of $38M.

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