secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K/A
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001043337-26-000009
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000104333726000009/0001043337-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000104333726000009/sri-20260130.htm
  HTML page:      https://secwatch.observer/filing/0001043337-26-000009

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