Stoneridge Inc. Appoints New CFO, Director Changes
Ticker: SRI · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1043337
| Field | Detail |
|---|---|
| Company | Stoneridge Inc (SRI) |
| Form Type | 8-K |
| Filed Date | Mar 14, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, board-change, personnel
TL;DR
Stoneridge just swapped out a director and brought in a new CFO. Watch this space.
AI Summary
On March 12, 2024, Stoneridge Inc. announced the departure of Director Robert J. Dixon and the election of new Director Michael J. McCarthy. Additionally, the company appointed Brian J. Burke as Chief Financial Officer, effective March 18, 2024. These changes are part of the company's ongoing corporate governance and executive leadership adjustments.
Why It Matters
Changes in key executive and board positions can signal shifts in company strategy, financial oversight, and future direction.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Stoneridge Inc. (company) — Registrant
- Robert J. Dixon (person) — Departing Director
- Michael J. McCarthy (person) — Newly Elected Director
- Brian J. Burke (person) — Appointed Chief Financial Officer
- March 12, 2024 (date) — Date of earliest event reported
- March 18, 2024 (date) — Effective date for CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Stoneridge Inc.?
Brian J. Burke has been appointed as the new Chief Financial Officer, effective March 18, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on March 12, 2024.
Has there been any change in the Board of Directors?
Yes, Director Robert J. Dixon has departed, and Michael J. McCarthy has been elected as a new Director.
What is the state of incorporation for Stoneridge Inc.?
Stoneridge Inc. is incorporated in Ohio.
What is the principal executive office address for Stoneridge Inc.?
The principal executive offices are located at 39675 MacKenzie Drive, Suite 400, Novi, Michigan 48377.
Filing Stats: 698 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-03-14 16:36:48
Filing Documents
- sri-20240312.htm (8-K) — 26KB
- pressreleasedatedmarch1420.htm (EX-99.1) — 5KB
- stoneridge_rgb.jpg (GRAPHIC) — 135KB
- 0001043337-24-000067.txt ( ) — 333KB
- sri-20240312.xsd (EX-101.SCH) — 2KB
- sri-20240312_lab.xml (EX-101.LAB) — 23KB
- sri-20240312_pre.xml (EX-101.PRE) — 13KB
- sri-20240312_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 14, 2024, Stoneridge, Inc. (the "Company) announced that the Company's Board of Directors (the "Board") appointed Troy O. Cooprider, 53, as the Company's Chief Technology Officer ("CTO"), effective March 12, 2024, for an indefinite term at the discretion of the Board. Cooprider will set the Company's strategic technology and product roadmaps and support future innovation and growth through oversight of the global engineering function. The press release containing that announcement is attached hereto as Exhibit 99.1 and is hereby incorporated into this Item 5.02. Since April 2023, Mr. Cooprider has served as the Company's Vice President, Global Technology. He joined the Company in August 2020, and prior to his appointment as Vice President, Global Technology, Mr. Cooprider served as Vice President, Advanced Engineering and Engineering Excellence, where he was responsible for developing and executing Stoneridge's next generation products, including the MirrorEye Camera Monitor System. Before joining the Company, Mr. Cooprider served as Executive Director, Engineering at Aptiv, where he led global, cross-functional teams for a broad range of electronics and safety products from September 2014 to August 2020. There is no arrangement or understanding between Mr. Cooprider and any other person pursuant to which he was elected as CTO other than an understanding between the Company and Mr. Cooprider regarding his compensation and benefits. There are no family relationships between Mr. Cooprider and any of the Company's directors or executive officers. There are no transactions to which the Company is a party and in which Mr. Cooprider has a direct or indirect material interest that would be required to be disclosed under Item 404(a) of Regulation S-K. The Company has not entered into an employment agreement
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated March 14, 2024, announcing Mr. Cooprider's appointment as Chief Technology Officer. 104 Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Stoneridge, Inc. Date: March 14, 2024 /s/ Matthew R. Horvath Matthew R. Horvath Chief Financial Officer and Treasurer (Principal Financial Officer)