Stoneridge CLO Thomas Dono separates; receives $418K salary continuation, $75K payment

STONERIDGE INC

Chief Legal Officer and Secretary Thomas M. Dono, Jr. separated from Stoneridge effective August 6, 2021 under mutual agreement.
Separation agreement includes base salary continuation of $418,471 for 12 months, a $75,000 lump-sum payment, and 12 months of COBRA premium payments.
Outstanding LTIP awards (2019, 2020, 2021) will vest as if terminated without cause; non-compete restricted to nine listed competitors.
Non-disparagement, confidentiality, non-solicitation covenants; seven-day revocation period through August 13, 2021.

item 5.02 item 9.01

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Departed

Thomas M. Dono, Jr.

Chief Legal Officer and Secretary

SRI · STONERIDGE INC

Effective: 2021-08-06
Filed: August 11, 2021, 7:59 PM ET

Stoneridge, Inc. (the “Company”) and Thomas M. Dono, Jr., Chief Legal Officer and Secretary, reached a mutual agreement that Mr. Dono separated from his employment with the Company effective August 6, 2021.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas M. Dono, Jr. departed as Chief Legal Officer and Secretary at STONERIDGE INC.

Action: separated
Role: Chief Legal Officer and Secretary

Exact text from the filing

Stoneridge, Inc. (the “Company”) and Thomas M. Dono, Jr., Chief Legal Officer and Secretary, reached a mutual agreement that Mr. Dono separated from his employment with the Company effective August 6, 2021.

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STONERIDGE INC filing history →

Source: SEC EDGAR

accession 0001558370-21-011308

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