# EDGAR Filing Document

**Accession Number:** 0001043337
**File Stem:** 0001043337-23-000004
**Filing Date:** 2023-2
**Character Count:** 7994
**Document Hash:** c8216d4d85f76bdec9a30978a1313713
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001043337-23-000004.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001043337-23-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230207

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STONERIDGE INC
- **CENTRAL INDEX KEY:** 0001043337
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **IRS NUMBER:** 341598949
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13337
- **FILM NUMBER:** 23619385

**BUSINESS ADDRESS:**
- **STREET 1:** 39675 MACKENZIE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** NOVI
- **STATE:** MI
- **ZIP:** 48377
- **BUSINESS PHONE:** 2484899300

**MAIL ADDRESS:**
- **STREET 1:** 39675 MACKENZIE DRIVE
- **STREET 2:** SUITE 400
- **CITY:** NOVI
- **STATE:** MI
- **ZIP:** 48377

?xml version="1.0" ? sri-20230207

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): February 7, 2023

**<u>STONERIDGE, INC.</u>**

(Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **<u>Ohio</u>** | **<u>001-13337</u>** | **<u>34-1598949</u>** |
| (State or Other Jurisdiction<br>of Incorporation) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |

---

**<u>39675 MacKenzie Drive, Suite 400, Novi, Michigan 48377</u>**

(Address of principal executive offices, and Zip Code)

**<u>(248) 489-9300</u>**

Registrant's Telephone Number, Including Area Code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| **Common Shares, without par value** | **SRI** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

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**ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of**

**Certain Officers; Compensatory Arrangements of Certain Officers.**

On February 7, 2023, Jeffrey P. Draime, a member of the Company's Board of Directors, notified the Company that he has decided that he will not stand for re-election at the Company's 2023 Annual Meeting of Shareholders. Mr. Draime will continue to serve on the Board of Directors until the 2023 Annual Meeting of Shareholders.

A copy of the Company's press related, dated February 13, 2023, announcing Mr. Draime's upcoming departure from the Board of Directors is incorporated herein and attached as Exhibit 99.1.

**ITEM 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

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| | |
|:---|:---|
| Exhibit No. | Description |
| <u>[99.1](pressreleasedatedfebruary1.htm)</u> | <u>[Press Release, dated February 13, 2023, announcing Mr. Draime's upcoming departure from the Board of Directors.](pressreleasedatedfebruary1.htm)</u> |
| 104 | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document) |

---

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**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: February 13, 2023 | /s/ Matthew R. Horvath |
| | Matthew R. Horvath<br>Chief Financial Officer and Treasurer<br>(Principal Financial Officer) |

---

## Exhibit 99.1

**Exhibit 99.1**

![stoneridge_rgb.jpg](stoneridge_rgb.jpg)

**Stoneridge Announces Continued Board Refreshment Plan**

**NOVI, Mich.** — February 13, 2023 — Stoneridge, Inc. (NYSE: SRI), today announced that Jeffrey P. Draime, a member of the Company's Board of Directors, notified the Company that he will not stand for re-election at the Company's 2023 Annual Meeting of Shareholders. The son of Stoneridge founder D. M. "Max" Draime, Jeff served in a variety of roles within the Company prior to his appointment to Director.

Bill Lasky, chairman of Stoneridge's Board of Directors stated, "Jeff has been a valued member of Stoneridge's Board of Directors since 2005. His high integrity and experience with Stoneridge's evolution have made him a valuable contributor to the Board and to the Company. Jeff's insistence on strong Company values contributed to the Board's ability to serve the Company and our shareholders."

The Board is working with a premier third-party executive search firm to assist in attracting and evaluating potential professionals to join the Stoneridge Board of Directors. The search will focus on aligning the Company's long-term strategy with expertise on the Board. The Board is looking for a history of executive leadership, technological expertise, and a deep understanding of the Company's global end-markets and customers. The Board recognizes and values diversity on the Board of Directors and is committed to ensuring a process that encompasses those values.

Mr. Lasky stated, "Last year we welcomed proven financial executive Frank Sklarsky to the Board and he is the current chair of our Audit Committee. As we look to replace Jeff, I am confident we will attract a professional with the necessary skills and experience to impact and accelerate the Company's transformation. The Board will continue to implement a refreshment plan that aligns the Board's experience and expertise with our greatest opportunities to create shareholder value going forward."

Jeff Draime stated, "I am proud to have been part of the success of the Company that my father founded 57 years ago. The Company has a strong strategic direction, a highly qualified and accomplished management team and a Board of Directors focused on our customers, shareholders, and employees. I expect continued success for Stoneridge and trust the Board will continue to add highly skilled directors to support the long-term goals of the Company."

**About Stoneridge, Inc.** 

Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway and agricultural vehicle markets. Additional information about Stoneridge can be found at www.stoneridge.com.

**For more information, contact Kelly K. Harvey, Director Investor Relations (Kelly.Harvey@Stoneridge.com)**