Stoneridge, Inc. has filed a Form 8-K with the SEC reporting the resignation of Matt Horvath as Chief Financial Officer and Treasurer, effective March 31, 2026. The company has appointed Robert J. Hartman, Jr. as the Interim Chief Financial Officer and Treasurer, effective upon Mr. Horvath's departure. Mr. Hartman, who has been with Stoneridge for over 27 years, will continue in his role as Chief Accounting Officer while the company conducts a search for a permanent CFO. In connection with his new role, Mr. Hartman will receive a recognition bonus of $50,000 and a retention bonus of $118,646, contingent upon his continued employment until January 30, 2027. This transition is part of the company's ongoing efforts to ensure stability and effective leadership during a critical period following the divestiture of its Control Devices Division earlier this year. The company has emphasized the importance of a smooth transition as it seeks to appoint a permanent CFO. The filing also includes details about the compensation structure for Mr. Hartman, which includes additional share units as part of the company's Long-Term Incentive Plan. The overall impact of this leadership change is expected to be neutral, as it is a standard administrative transition without immediate implications for the company's financial performance.
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