Business Context and Reporting Period
This Form 8-K Current Report was filed by Stoneridge, Inc. on March 17, 2026. The filing addresses significant changes in executive leadership, specifically the departure of the Chief Financial Officer and the appointment of an interim successor.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes
- Departure of CFO: Matt Horvath will resign as Chief Financial Officer and Treasurer effective March 31, 2026.
- Interim Appointment: Robert J. Hartman, Jr. was elected by the Board to serve as Interim Chief Financial Officer and Treasurer effective March 31, 2026. He will continue in this role until a permanent successor is hired or until his earlier resignation/removal.
- Continuity: Mr. Hartman will continue to serve as the Company's Chief Accounting Officer.
Guidance, Outlook, and Compensation Details
The filing details specific compensatory arrangements for Mr. Hartman's new role, effective April 1, 2026:
- Recognition Bonus: $50,000 payable in cash by July 31, 2026, or upon the hiring of a permanent CFO, whichever is earlier.
- Retention Bonus: $118,646 payable in cash if Mr. Hartman remains employed through January 30, 2027.
- Equity Grant: 30,000 share units under the Long-Term Incentive Plan, vesting ratably in three equal annual installments on March 2027, 2028, and 2029.
The filing states that the Company is conducting an executive search for a permanent Chief Financial Officer. No specific financial guidance or risk factors beyond standard personnel transition risks are disclosed in this text.
Investor Verification Checklist
- Verify the timeline for the executive search for a permanent CFO.
- Review the "Recognition and Retention Bonus Letter" (Exhibit 10.1) for full terms of the compensation package.
- Monitor future filings for the announcement of the permanent CFO appointment.
- Confirm that no other undisclosed material agreements exist regarding Mr. Hartman's appointment.