Stoneridge Inc. Announces Executive and Board Changes
Ticker: SRI · Form: 8-K · Filed: Jan 31, 2025 · CIK: 1043337
| Field | Detail |
|---|---|
| Company | Stoneridge Inc (SRI) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, officer-appointment
TL;DR
Stoneridge shakes up C-suite & board: new CFO Bartolotta, new CAO Van Elderen, director Ross out.
AI Summary
Stoneridge Inc. announced on January 29, 2025, a series of executive and board changes. These include the departure of Director Robert J. Ross, the election of new Directors Michael L. Bartolotta and David L. Van Elderen, and the appointment of new officers including Michael L. Bartolotta as Chief Financial Officer and Treasurer, and David L. Van Elderen as Chief Accounting Officer. The company also entered into new compensatory arrangements for these officers.
Why It Matters
These changes in leadership and governance at Stoneridge Inc. could signal a shift in strategic direction or financial management for the automotive parts supplier.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and performance, impacting investor confidence.
Key Players & Entities
- Stoneridge Inc. (company) — Registrant
- Robert J. Ross (person) — Departing Director
- Michael L. Bartolotta (person) — Elected Director and Appointed CFO/Treasurer
- David L. Van Elderen (person) — Elected Director and Appointed CAO
- January 29, 2025 (date) — Date of earliest event reported
FAQ
Who has departed from Stoneridge Inc.'s board of directors?
Robert J. Ross has departed from Stoneridge Inc.'s board of directors as of January 29, 2025.
Who were elected as new directors for Stoneridge Inc.?
Michael L. Bartolotta and David L. Van Elderen were elected as new directors for Stoneridge Inc.
What new roles has Michael L. Bartolotta taken on?
Michael L. Bartolotta has been appointed as Chief Financial Officer and Treasurer of Stoneridge Inc.
What is David L. Van Elderen's new position at Stoneridge Inc.?
David L. Van Elderen has been appointed as Chief Accounting Officer of Stoneridge Inc.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 29, 2025.
Filing Stats: 477 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2025-01-31 16:45:49
Filing Documents
- sri-20250129.htm (8-K) — 23KB
- 0001043337-25-000007.txt ( ) — 148KB
- sri-20250129.xsd (EX-101.SCH) — 2KB
- sri-20250129_lab.xml (EX-101.LAB) — 23KB
- sri-20250129_pre.xml (EX-101.PRE) — 13KB
- sri-20250129_htm.xml (XML) — 3KB
01 Other Events
ITEM 8.01 Other Events. On January 29, 2025, the Company notified Archie Nimmer III, the Company's Vice President of Operations, that his position was being eliminated resulting in the termination of his employment with the Company, effective February 28, 2025.
01 Financial Statements and Exhibits
ITEM 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 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: January 31, 2025 /s/ Matthew R. Horvath Matthew R. Horvath Chief Financial Officer and Treasurer (Principal Financial Officer)