Stoneridge Announces Appointment of New Independent Director [Accessibility Statement] Skip NavigationNOVI, Mich., Feb. 26, 2026 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that it will appoint Aron R. English as a member of its Board of Directors, effective March 16, 2026, pursuant to a cooperation agreement entered into with 22NW, LP. Mr. English will also be nominated for election at the Company's 2026 Annual Shareholders Meeting expected to be held in May.Mr. English is the founder and ...

Stoneridge Announces President and Chief Executive Officer Retirement and Leadership Succession Plan [Accessibility Statement] Skip NavigationNOVI, Mich., Feb. 23, 2026 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, is retiring, effective May 20, 2026, following nearly seven years of dedicated service to the Company. The Stoneridge Board of Directors has appointed Natalia Noblet, the current president of Stoneridge Electronics, as incom ...

Core Viewpoint - Stoneridge, Inc. announces the resignation of Chief Financial Officer Matt Horvath, effective March 31, 2026, to pursue opportunities in a different industry sector, while ensuring a smooth transition until a permanent replacement is appointed [1][2][3] Leadership Transition - The executive team and Board of Directors have initiated a search for a new Chief Financial Officer, with Robert Hartman, the Chief Accounting Officer, stepping in to work closely with Horvath during the transition period [2] - Matt Horvath has been with Stoneridge for nine years, contributing significantly to the company's transformation, strategic direction, and financial foundation [3] Contributions and Achievements - During his tenure, Horvath advanced the company's portfolio strategy, managed strategic partnerships, and led critical divestitures, including the recent sale of the Control Devices segment [3] - The finance organization, under Horvath's leadership, is noted for its operational excellence and expertise, which will continue under Robert Hartman's guidance [3] Company Overview - Stoneridge, Inc. is a global supplier of electronic systems and technologies, focusing on vehicle intelligence and safety for both on- and off-highway transportation sectors [4]

Core Viewpoint - Stoneridge is conducting a Business Update Call to discuss the sale of its Control Devices segment, indicating a strategic shift in its business operations [2]. Group 1: Company Overview - The call features key executives including the President and CEO, Jim Zizelman, and CFO, Matt Horvath, highlighting the importance of leadership in the ongoing business transition [2]. - The presentation and press release regarding the sale have been filed with the SEC and are accessible on the company's website, demonstrating transparency and compliance with regulatory requirements [2]. Group 2: Forward-Looking Statements - The presentation includes forward-looking statements about Stoneridge's future performance, which are based on reasonable assumptions but are subject to risks and uncertainties [3]. - The company emphasizes that actual results may differ materially from these forward-looking statements, indicating a cautious approach to future projections [3].

Stoneridge Business Update Conference Call Summary Company Overview - **Company**: Stoneridge - **Segment Sold**: Control Devices - **Acquirer**: CenterRock Capital Partners, a private equity investment firm Key Points and Arguments Sale of Control Devices Segment - The sale was completed on January 30th for a base purchase price of **$59 million**, approximately **five times** the expected 2025 Adjusted EBITDA for the segment [4][6] - The total consideration will include adjustments for delivered working capital as of the transaction date [4] - Manufacturing facilities in **Lexington, Ohio**, and **Suzhou, China**, were included in the sale, while the **Juarez, Mexico** facility will be retained to support North American electronics business [4][5] Transition and Support - A transition services agreement and supply agreements were established to ensure a smooth transition of ownership [5] - Stoneridge will provide parts from the Juarez facility during the transition, and CenterRock will supply electronics parts from its Suzhou facility [5] Strategic Focus Post-Sale - The sale allows Stoneridge to concentrate on its highest growth and return businesses, reducing organizational complexity [5][6] - The remaining portfolio will focus on advanced technologies and electronic solutions for global commercial vehicle and off-highway markets [8] - Stoneridge aims to expand its **Vision and Safety** systems, including products like **MirrorEye** and **Connected Trailer** technologies [8][9] Growth Expectations - Stoneridge expects to achieve a **5-year Compound Annual Growth Rate (CAGR)** of **8%-12%** through 2030, significantly outpacing average end market growth by **2-3 times** [12] - The company is focused on new product development and expanding existing products into larger platforms [12] Financial Strategy - Net proceeds from the sale will be used to reduce debt and related interest expenses, creating immediate value for shareholders [6][14] - The company plans to amend its existing credit facility to align with its streamlined operations and future growth expectations [14] Operational Efficiency - Stoneridge is focused on gross margin expansion through quality-related cost improvements and material cost reductions [13] - The transaction is expected to streamline operations and redefine structural cost requirements [13] Future Outlook - Stoneridge is positioned to leverage its global footprint for growth, particularly in Brazil, where record OEM awards are anticipated [10][11] - The company is committed to a strong balance sheet and will provide updated guidance in early March [14] Additional Important Information - The call included a Q&A session where questions about tax implications, debt management, and operational reductions were addressed [17][18][20] - The company expressed excitement about the opportunities created by the transaction and its potential to drive long-term shareholder value [27]

Business Update Sale of Control Devices February 2, 2026 stoneridge.com © 2026 Non-GAAP Financial Measures This presentation contains information about the Company's financial results that is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). The Company provides Non- GAAP financial measure reconciliations to their closest GAAP financial measure, when all information is reasonably available to the Company at the date of the disclosure and management can ...

Core Viewpoint - Stoneridge, Inc. has completed the sale of its Control Devices segment to Center Rock Capital Partners for a base purchase price of $59 million, aiming to strengthen its balance sheet and focus on core growth platforms in Electronics and Brazil [1][2][3]. Financial Impact - The net cash proceeds from the sale will be used to repay debt and enhance the company's financial position [2]. - The transaction is expected to allow Stoneridge to amend its existing credit facility, facilitating a more appropriate capital structure post-transaction [4]. Strategic Focus - The sale is part of Stoneridge's long-term strategy to concentrate on technology solutions for global commercial vehicles and off-highway markets, specifically in Vision and Safety, Connectivity, and Vehicle Intelligence and Electronic Controls [3][4]. - The company anticipates continued growth in its Vision and Safety systems, including products like MirrorEye®, and plans to introduce new technologies to enhance vehicle safety and efficiency [4]. Growth Opportunities - Stoneridge is experiencing record business wins in its core growth platforms, particularly in Electronics and Stoneridge Brazil, which is becoming a critical engineering center for the company [3][4]. - The company aims to leverage its global relationships and technology to drive growth that outpaces its end markets, thereby creating shareholder value [4]. Future Plans - Stoneridge will host a conference call to discuss its fourth quarter and full-year 2025 results, providing further insights into its strategic direction and financial performance [5][6].

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Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow generation and growth potential [1] Company Offerings - Subscribers gain access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the sector [1]

Core Viewpoint - Sparton Resources Inc. has announced the repricing of incentive options granted to Directors, Officers, and Consultants, effective December 12, 2025, with a new exercise price set at $0.05 per share for a period of three years [2]. Group 1: Incentive Options Repricing - The company has issued 4,200,000 incentive options that are vested immediately and allow the purchase of common shares at the new price of $0.05 per share until December 12, 2028 [2]. - The previous options have been cancelled as part of this repricing initiative [2]. Group 2: Project Update - Drilling activities are currently ongoing at the Quebec Pense Project claims, with new data from an Expert Geophysics Target EM survey expected to be available soon [3]. - Results from the drilling and survey will be reported when they become available [3].