EX-10.1



 





EXHIBIT 10.1




Stoneridge, Inc. and the following Executive Officers are parties to the Amended and Restated
Change in Control Agreement: John C. Corey, President, Chief Executive Officer and Director,
George E. Strickler, Executive Vice President, Chief Financial Officer and Treasurer, Mark J.
Tervalon, President —Stoneridge Electronics and Thomas A. Beaver, Vice President of Global Sales
and Systems Engineering.



STONERIDGE, INC.

AMENDED AND RESTATED

CHANGE IN CONTROL AGREEMENT




     THIS AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT (the “Agreement”) is by and between
Stoneridge, Inc., an Ohio corporation (“Employer”), and                                          (“Executive”), made
this 2nd day of August, 2007.



RECITALS




     A. Executive is presently employed by Employer as its                     ;



     B. Employer wishes to induce Executive to continue as its                      and, accordingly, to
provide certain employment security to Executive in the event of a “Change in Control” (as
hereinafter defined);



     C. Employer believes that it is in the best interest of its shareholders for Executive to
continue in his position on an objective and impartial basis and without distraction, whether based
upon individual financial uncertainties or otherwise, or conflict of interest as a result of a
possible or actual Change in Control; and



     D. In consideration of this Agreement, Executive is willing to continue as Employer’s
                    ;



     NOW THEREFORE, in consideration of Executive continuing as the                      of Employer and
of the mutual promises herein contained, Executive and Employer, intending to be legally bound,
hereby agree as follows:



SECTION 1




DEFINITIONS




     1. A “Change in Control” for the purpose of this Agreement will be deemed to have occurred if
during Executive’s employment with Employer, at any time:



          (a) the Board of Directors or shareholders of Employer approve a consolidation or merger that
results in the shareholders of Employer, immediately prior to the transaction giving rise to the
consolidation or merger, owning less than 50% of the total combined voting power of all classes of
equity securities entitled to vote of the surviving entity immediately after the consummation of
the transaction giving rise to the merger or consolidation;




          (b) the Board of Directors or shareholders of Employer approve the sale of substantially all
of the assets of Employer or the liquidation or dissolution of Employer;




          (c) any person or other entity (other than Employer or a subsidiary of Employer or any
Employer employee benefit plan (including any trustee of any such plan acting in its capacity as
trustee)) purchases any common shares (or securities convertible into common shares) pursuant to a
tender or exchange offer without the prior consent of the Board of Directors or becomes the
beneficial owner of securities of Employer representing 35% or more of the voting power of
Employer’s outstanding securities; provided, however, any acquisition of 35% or more of the voting
power of Employer’s outstanding securities resulting, directly or indirectly, from the sale or
sales by members of the family of D.M. Draime, including,




 









 





but not limited to, the spouse of D.M. Draime and D.M. Draime’s lineal descendants and their
spouses and trusts for the benefit of any of the foregoing, with the prior consent of the
Employer’s Board of Directors shall not be a Change in Control; or



          (d) during any two-year period, individuals who at the beginning of such period constitute the
entire Board of Directors cease to constitute a majority of the Board of Directors, unless the
election or the nomination for election of each new director is approved by the Nominating and
Corporate Governance Committee (if comprised entirely of directors who were in office at the
beginning of that period) or at least two-thirds of the directors then still in office who were
directors at the beginning of that period.




     2. A “Triggering Event” for the purpose of this Agreement will be deemed to have occurred if
within two years after the date on which the Change in Control occurred:



          (a) Employer separates Executive from service with Employer, other than in the case of a
Termination for Cause (as defined below); or




          (b) Executive separates from service with Employer for Good Reason (as defined below).




For purposes of this Agreement, the term “separates from service with Employer” shall mean
Executive’s Separation from Service, as determined under Section 409A of the Internal Revenue Code
of 1986, as amended (the “Code”), and the regulations promulgated thereunder; provided, however,
that such Separation from Service with Employer is not as a result of Executive’s death, retirement
or disability (as defined in Code Section 409A). If, however, Executive separates from service
with Employer as a result of death or disability (as defined in Code Section 409A) after Employer
has provided written notice to Executive of Employer’s intent to separate Executive from service
with Employer at a future date, but in no event later than two years after the date on which the
Change in Control occurred, then notwithstanding the prior sentence, Executive or his estate, as
applicable, will be entitled the benefits provided herein.



     3. Executive will be deemed to have separated from service with Employer for “Good Reason” for
the purpose of this Agreement if:



          (a) Employer materially reduces Executive’s title, responsibilities, power or authority in
comparison with his title, responsibilities, power or authority at or about the time of the Change
in Control;




          (b) Employer assigns Executive duties that are materially inconsistent with the duties
assigned to Executive on the date on which the Change in Control occurred, and which duties
Employer persists in assigning to Executive despite the prior written objection of Executive;




          (c) Employer materially reduces Executive’s base compensation, or materially reduces his group
health, life, disability or other insurance programs (including any such benefits provided to
Executive’s family), his pension, retirement or profit-sharing benefits or any benefits provided by
Employer’s Long-Term Incentive Plan or any substitute therefor, or excludes him from any plan,
program or arrangement, including but not limited to any bonus or incentive plans in which
Employer’s other executive officers are included; or




          (d) Employer requires Executive to be based at or generally work from any location more than
100 miles from the geographical center of the city where Executive worked or Executive’s residence
on the date on which the Change of Control occurred (the “Location of Employment”) or Employer over
the course of any calendar month requires Executive to be away from his Location of Employment for
more than 50% of the business days during that month.




 









 








     4. A “Termination for Cause” for the purposes of this Agreement will be deemed to have
occurred if, and only if, the Board of Directors of Employer, or its designee, in good faith
determines that Executive’s termination is because of any one or more of the following:



          (a) misappropriation of funds from Employer;




          (b) conviction of a felony;




          (c) commission of a crime or act or series of acts involving moral turpitude;




          (d) commission of an act or series of acts of dishonesty that are materially detrimental to
the best interests of Employer;




          (e) willful and repeated failure to perform the duties associated with Executive’s position,
which failure has not been cured within thirty (30) days after Employer gives notice thereof to
Executive; or




          (f) failure to cooperate with any Employer investigation or with any investigation, inquiry,
hearing or similar proceedings by any governmental authority having jurisdiction over Employer or
Executive.




     5. “Executive’s Annual Bonus” means the greater of Executive’s average annual bonus over the
last three completed fiscal years or the last five completed fiscal years. If Executive has not
been employed by Employer for three completed fiscal years, Executive’s Annual Bonus means the
average annual bonus awarded to Executive for the completed fiscal years during his employment, or
if Executive has not been employed for a complete fiscal year, Executive’s Annual Bonus means an
amount equal to the incentive compensation Executive would have been entitled to in the year the
Triggering Event occurred calculated upon the assumption that 100% of personal and Employer targets
or performance goals were achieved in that year.



     6. “Executive’s Annual Salary” means the greater of Executive’s annual base salary at the time
of a Triggering Event or at the time of the occurrence of a Change in Control.



     7. “Executive Pro Rata Annual Bonus” means an amount equal to the pro rata amount of incentive
compensation Executive would have been entitled to at the time of a Triggering Event calculated on
the assumption that 100% of personal and Employer targets or performance goals were achieved in the
year in which the Triggering Event occurred.



SECTION 2




TRIGGERING EVENT PAYMENTS




     1. After the occurrence of a Triggering Event, Employer shall commence payments to Executive
of the benefits or amounts set forth hereunder, provided the release required and described in
Section 9 has been executed and delivered by Executive to Employer and, as applicable, such release
has not been timely revoked:



          (a) A lump sum payment, which will be in addition to any other compensation or
remuneration to which Executive is, or becomes, entitled to receive from Employer. The
payment of the benefit shall be made in one lump sum cash payment ninety (90) days after
Executive’s Triggering Event. The lump sum cash payment shall be in an amount equal to the
sum of (i) two times Executive’s Annual Salary, plus (ii) two times Executive’s Annual Bonus.




          (b) In addition to making the payment described above, Employer shall pay Executive a
lump sum cash payment equal to the Executive Pro Rata Annual Bonus at the same time it makes
the payment described in Section 2, paragraph 1(a) above.




 









 








          (c) In addition, Employer shall, at its expense, provide Executive, and his family with
life and health insurance (“Health and Welfare Benefits”) in an amount not less than that
provided on the date on which the Change in Control occurred for a period of twenty-four (24)
months, at the time Employer commences payments described in Section 2, paragraph 1(a) above;
provided, however, Employer shall not be obligated to pay for Health and Welfare Benefits
after the date on which Executive shall be eligible to receive benefits from another employer
which are substantially equivalent to or greater than the benefits Executive and his family
received from Employer; provided, further, that if Executive’s continuation in some or all of
Employer Health and Welfare Benefits is not available, then Employer shall make monthly
payments to Executive commencing the first day of the month after Employer makes the payments
described in Section 2, paragraph 1(a) above equal to the cost of the coverage for similarly
situated employees of Employer, as determined solely by Employer, over a period of
twenty-four (24) months with respect to those benefits among the Health and Welfare Benefits
not available. The benefits shall run concurrent with the health insurance continuation
obligation otherwise available under the COBRA rules.




     All payments pursuant to this Agreement shall be made less standard required deductions and
withholdings. Notwithstanding the above, if Executive is a “specified employee” (within the
meaning of Section 409A of the Code), benefits or payments to Executive pursuant to Section 2 shall
be made or commence, as applicable, on the date which is the earlier of (i) the Executive’s death
or (ii) six (6) months after the date of Executive’s separation from service with Employer.



     2. Notwithstanding anything in this Agreement to the contrary, in the event that it shall be
determined (as hereinafter provided) that any payment or distribution by Employer to or for the
benefit of Executive, whether paid or payable or distributed or distributable pursuant to the terms
of this Agreement, or otherwise pursuant to or by reason of any other agreement, policy, plan,
program or arrangement, including without limitation any grants under Employer’s Long-Term
Incentive Plan, any stock option, restricted stock, stock appreciation right or similar right, or
the lapse or termination of any restriction on, or the vesting or exercisability of, any of the
foregoing (in the aggregate “Total Payments”), would be subject, but for the application of this
Section 2, paragraph 2, to the excise tax imposed by Code Section 4999 (or any successor provision
thereto) (the “Excise Tax”) by reason of being considered “contingent on a change in ownership or
control” of Employer and as being considered an “excess parachute payment,” both within the meaning
of Code Section 280G (or any successor provision thereto), then:



          (a) If the aggregate Parachute Value (as defined below) of the Total Payments is 110% or
less than the Safe Harbor Amount (as defined below), then the payments payable to Executive
pursuant to Section 2, paragraph 1 shall be reduced to such an amount so that Total Payments
will be capped to the extent necessary so that Total Payments will not exceed the Safe Harbor
Amount and no Excise Tax will be triggered.




          (b) If, however, the aggregate Parachute Value of the Total Payments exceeds 110% of the
Safe Harbor Amount, then the payments payable to Executive pursuant to Section 2, paragraph 1
shall not be reduced as provided for under Section 2, paragraph 2(a), but instead, the full
amount of Total Payments shall be paid to Executive. Further, to the extent the Total
Payments are determined to exceed 110% of the Safe Harbor Amount and to be subject to the
Excise Tax, Employer shall pay as soon as reasonably practicable to Executive an additional
amount (a “Gross-up”) to the extent necessary to place Executive in the same after-tax
position as Executive would have been in had no such Excise Tax been imposed on any portion
of the Total Payments; provided, however, that any Gross-up shall be paid to Executive no
later than the end of Executive’s taxable year that follows the taxable year in which
Executive pays the applicable Excise Tax.




     For purposes of this Agreement, the “Safe Harbor Amount” is the maximum aggregate Parachute
Value of the Total Payments that may be paid or distributed to Executive without triggering the
Excise Tax because such amount is less than three times Executive’s “base amount,” within the
meaning of Code Section 280G. The “Parachute Value” of the Total Payments is the aggregate present
value as of the date of the Change in Control of that portion of the Total Payments that
constitutes “parachute payments,” within the meaning of Code Section 280G.



 









 





     The calculation of the Total Payments, the potential Excise Tax liability, the Safe Harbor
Amount, the Parachute Value, and the Gross-up amount, as well as the method in which the reduction
in payments under Section 2, paragraph 2(a) will be applied, shall be conducted and determined by a
national accounting firm selected by Employer and its determinations shall be binding on all
parties; provided, however, that if the calculation of such national accounting firm will result in
a reduction of any of the payments to be made to Executive under Section 2, paragraph 1, prior to
issuance of the final and binding determination, Executive shall be given a reasonable opportunity
to (i) review and comment upon all of the material, information and documentation provided to the
national accounting firm by Employer, and (ii) offer such input as Executive may determine to be
helpful to the national accounting firm’s preliminary determination.



     3. If, notwithstanding the determination of the national accounting firm or any subsequent
reduction in any of the payments to be made to Executive in accordance with Section 2, paragraph
2(a), any portion of the Total Payments are determined by the Internal Revenue Service to result in
an “excess parachute payment” within the meaning of Code Section 280G that is subject to the Excise
Tax (or any similar tax or assessment), the amounts payable to Executive by Employer shall be
increased to the extent necessary to place Executive in the same after-tax position as Executive
would have been in had no such tax been imposed on any such amount paid or payable to Executive
under this Agreement.



     4. If in any future year a determination is made that the reduction described in Section 2,
paragraph 2(a) was not required, then payment of such reduced amount shall be made as soon as
administratively feasible.



SECTION 3




SETOFF




     No amounts otherwise due or payable under this Agreement will be subject to setoff or
counterclaim by either party hereto.



SECTION 4




ATTORNEY’S FEES/DISPUTE RESOLUTION/ARBITRATION AGREEMENT




     All attorney’s reasonable fees and related expenses incurred in good faith by Executive in
connection with or relating to the enforcement by him of his rights under this Agreement will be
paid for by Employer. In addition, Executive and Employer agree that, subject to the express
exceptions set forth in this Section 4, any dispute, claim or controversy that could be brought in
court (collectively referred to herein as “Claim”) that Executive has against Employer or that
Employer has against Executive relating to or arising out of the terms of this Agreement shall be
resolved by final and binding arbitration as set forth in this Section 4. Under this Dispute
Resolution/Arbitration Agreement Section, the term Claim includes any allegations of unlawful
discrimination, harassment, wrongful discharge, constructive discharge, and claims related to the
payment of wages or benefits, under federal, state or local law and further includes, but is not
limited to, contract, tort, common law, and statutory claims. By agreeing to this Dispute
Resolution/Arbitration Agreement Section, Executive and Employer expressly waive any right that
they may have to resolve any covered Claim through any other means, including a jury or court
trial.



     Executive and Employer agree that any covered Claim shall be resolved by exclusive, final and
binding arbitration to be conducted in accordance with the American Arbitration Association’s
(“AAA”) Employment Arbitration Rules and Mediation Procedures and held in the county in which the
Executive provides a majority of Executive’s services. In any arbitration proceeding, the
Arbitrator shall apply the terms of this Dispute Resolution/Arbitration Agreement, and applicable
federal, Ohio state, and local law. In the event any portion of this Dispute
Resolution/Arbitration Agreement Section is held inapplicable as in violation of applicable law, as
determined by the arbitrator selected herein or a court of competent jurisdiction, the offending
portion of this provision may be removed or modified and the remainder of this Dispute
Resolution/Arbitration Agreement Section shall not be affected. This Dispute
Resolution/Arbitration Agreement Section shall be governed by the Federal Arbitration Act as will
any actions to compel, enforce, vacate or confirm proceedings, awards, or orders of the arbitrator
under this Dispute Resolution/Arbitration Agreement.



 









 





SECTION 5




SUCCESSORS AND PARTIES IN INTEREST




     This Agreement will be binding upon and will inure to the benefit of Employer and its
successors and assigns, including, without limitation, any corporation or other person which
acquires, directly or indirectly, by purchase, merger, consolidation or otherwise, all or
substantially all of the business or assets of Employer. Without limitation of the foregoing,
Employer will require any such successor, by agreement in form and substance satisfactory to
Executive, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent that it is required to be performed by Employer. This Agreement will be binding upon
and will inure to the benefit of Executive, his heirs at law and his personal representatives.



SECTION 6




ATTACHMENT




     Neither this Agreement nor any benefits payable hereunder will be subject to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or charge or to execution, attachment,
levy or similar process at law, whether voluntary or involuntary.



SECTION 7




NO EMPLOYMENT CONTRACT; TERMINATION




     This Agreement will not in any way constitute an employment agreement between Employer and
Executive and it will not oblige Executive to continue in the employ of Employer, nor will it
oblige Employer to continue to employ Executive, but it will merely require Employer to pay
benefits hereunder to Executive under the agreed upon circumstances. In addition, provided a
Change in Control has not occurred, this Agreement shall terminate and be of no further force or
effect one year from the date Executive ceases to be a Board-elected officer or an employee
eligible for this Agreement (as determined by the Board of Directors of Employer in its sole
discretion and reflected in the minutes of Board of Directors after notice to such Executive).



SECTION 8




RIGHTS UNDER OTHER PLANS AND AGREEMENTS




     The Change in Control benefits herein provided will be in addition to, and are not intended to
reduce, restrict or eliminate any benefit to which Executive may otherwise be entitled by virtue of
his termination of employment or otherwise.



SECTION 9




RELEASE




     As a condition to the payment of the benefits by Employer to Executive pursuant to this
Agreement, as described in Section 2, Executive shall deliver a signed release of claims against
Employer. Such release shall be delivered to Employer no later than sixty (60) days following a
Triggering Event, shall be in a form and substance as determined by Employer, and, as applicable,
shall not be timely revoked by Executive, and will include among its terms the operative language
substantially similar to the following:



 









 





In exchange for the payments set forth in the Amended and Restated Change in Control
Agreement by and between Stoneridge, Inc. (the “Employer”) and me (the “CIC
Agreement”), I and my heirs, personal representatives, successors and assigns, hereby
forever release, remise and discharge Employer and each of its past, present, and
future officers, directors, shareholders, members, employees, trustees, agents,
representatives, affiliates, successors and assigns (collectively the “Employer
Released Parties”) from any and all claims, claims for relief, demands, actions and
causes of action of any kind or description whatsoever, known or unknown, whether
arising out of contract, tort, statute, treaty or otherwise, in law or in equity,
which I now have, have had, or may hereafter have against any of the Employer Released
Parties from the beginning of my employment with Employer to the date of this release,
arising from, connected with, or in any way growing out of, or related to, directly or
indirectly, (i) my employment by Employer, (ii) my service as an officer or key
employee, as the case may be, of Employer, (iii) any transaction prior to the date of
this release and all effects, consequences, losses and damages relating thereto, (iv)
the services provided by me to Employer, or (v) my termination of employment with
Employer under the common law or any federal or state statute, including, but not
limited to, all claims arising under the Civil Rights Acts of 1866 and 1964, the Fair
Labor Standards Act of 1938, the Equal Pay Act of 1963, the Age Discrimination in
Employment Act of 1967, the Rehabilitation Act of 1973, the Older Workers Benefit
Protection Act of 1990, the Americans with Disabilities Act of 1990, the Civil Rights
Act of 1991, the Family and Medical Leave Act of 1993, the Consolidated Omnibus Budget
Reconciliation Act (“COBRA”), Title 4112 of the Ohio Revised Code, and all other
federal or state laws governing employers and employees; provided, however, that
nothing in this release will bar, impair or affect the obligations, covenants and
agreements of Employer set forth in the CIC Agreement.



If the release described in this Section has not been delivered by Executive to Employer thirty
(30) days after a Triggering Event, Employer shall promptly provide Executive or his estate, as
applicable, written notice that the release must be timely delivered in order for Executive to
receive the benefits hereunder, which notice, however, shall in no event modify any otherwise
applicable time periods. Notwithstanding any other provision of this Agreement, if the release
described in this Section 9 is not timely delivered by Executive to Employer or, as applicable, is
timely revoked by Executive, then this Agreement shall terminate and be of no further force or
effect; provided, however, the restrictive covenants set forth in Section 10 shall remain operative
and shall not terminate until the expiration of the term set forth therein.



SECTION 10




COVENANTS, NON-COMPETITION, AND CONFIDENTIAL INFORMATION




     For the first year following Executive’s separation from service with Employer, Executive
shall not, directly or indirectly, do or suffer any of the following:



          (a) Own, manage, control or participate in the ownership, management, or control of, or be
employed or engaged by or otherwise affiliated or associated as a consultant, independent
contractor or otherwise with, any other corporation, partnership, proprietorship, firm, association
or other business entity (i) that has material operations which are engaged in any business
activity competitive with the business of Employer or (ii) engaged in the business of designing
and/or manufacturing of engineered electrical and electronic components, modules and systems for
the automotive, medium- and heavy-duty truck, agricultural and off-highway vehicle markets;
provided, however, that the ownership of not more than one percent (1%) of any class of publicly
traded securities of any entity shall not be deemed a violation of this covenant;




          (b) Without the prior written consent of Employer, on his own behalf or on behalf of any
person or entity, directly or indirectly, hire or solicit the employment of any employee who has
been employed by Employer or its subsidiaries at any time during the six (6) months immediately
preceding such date of hiring or solicitation; or




 









 








          (c) Use, disclose or make accessible to any other person, firm, partnership, corporation or
any other entity any Confidential Information (as defined below) pertaining to the business of
Employer or any entity controlling, controlled by, or under common control with Employer (each an
“Affiliate”) except when required to do so by a court of competent jurisdiction; provided, however,
that the foregoing restrictions shall not apply to the extent that such information (i) is clearly
obtainable in the public domain, (ii) becomes obtainable in the public domain, except by reason of
the breach by Executive of the terms hereof, (iii) was not acquired by Executive in connection with
his employment or affiliation with Employer, (iv) was not acquired by Executive from Employer or
its representatives, or (v) is required to be disclosed by rule of law or by order of a court or
governmental body or agency. For purposes of this Agreement, “Confidential Information” shall mean
non-public information concerning Employer’s financial data, statistical data, strategic business
plans, product development (or other proprietary product data), customer and supplier lists,
customer and supplier information, pricing data, information relating to governmental relations,
discoveries, practices, processes, methods, trade secrets, developments, marketing plans and other
non-public, proprietary and confidential information of Employer or its Affiliates, that, in any
case, is not otherwise generally available to the public and has not been disclosed by Employer, or
its Affiliates, as the case may be, to others not subject to confidentiality agreements. In the
event Executive’s employment is terminated for any reason, Executive immediately shall return to
Employer all Confidential Information in his possession.




SECTION 11




NOTICES




     All notices and other communications required to be given hereunder shall be in writing and
will be deemed to have been delivered or made when mailed, by certified mail, return receipt
requested, if to Executive, to the last address which Executive shall provide to Employer, in
writing, for this purpose, but if Executive has not then provided such an address, then to the last
address of Executive then on file with Employer; and if to Employer, then to the last address which
Employer shall provide to Executive, in writing, for this purpose, but if Employer has not then
provided Executive with such an address, then to:



Secretary

Stoneridge, Inc.

9400 East Market Street

Warren, Ohio 44484




 




SECTION 12




GOVERNING LAW AND JURISDICTION




     This Agreement will be governed by, and construed in accordance with, the laws of the State of
Ohio, except for the laws governing conflict of laws. Subject to Section 4, if either party
institutes a suit or other legal proceedings, whether in law or equity, Executive and Employer
hereby irrevocably consent to the jurisdiction of the Common Pleas Court of the State of Ohio
(Trumbull County) or the United States District Court for the Northern District of Ohio.



 









 





SECTION 13




ENTIRE AGREEMENT AND COMPLIANCE WITH LAW




     This Agreement constitutes the entire understanding between Employer and Executive concerning
the subject matter hereof and supersedes all prior written or oral agreements or understandings
between the parties hereto, including all prior Change in Control agreements or arrangements by and
between Employer and Executive. Nothing in this Agreement is intended to affect Executive’s
rights, including rights to indemnification, if applicable, under the Company’s Code of
Regulations. No term or provision of this Agreement may be changed, waived, amended or terminated
except by a written instrument. Employer reserves the right, in its sole discretion, to amend this
Agreement to comply with Code Section 409A (which amendment may be retroactive to the extent
permitted by Code Section 409A and may be made by Employer without the consent of Executive). In
particular, to the extent Executive becomes entitled to receive payments subject to Code Section
409A upon an event that does not constitute a permitted distribution event under Code Section
409A(a)(2), then notwithstanding anything to the contrary in this Agreement, the timing of payment
to Executive will be adjusted accordingly.



     IN WITNESS WHEREOF, and as conclusive evidence of the adoption of this Agreement, the parties
have hereunto set their hands as of the date and year first above written.



	 	 	 	 	 
	 	STONERIDGE, INC.

 	 
	 	By:  	 	 
	 	 	 	 



	 	 	 	 	 
	 	 	 
	 	  	

 	 
	 	 	EXECUTIVE