secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0001558370-21-011308
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000155837021011308/0001558370-21-011308-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000155837021011308/sri-20210806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-011308

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