Business Context and Reporting Period
This Form 8-K Current Report is filed by Stoneridge, Inc. on June 3, 2026. The filing reports significant changes in executive leadership, specifically the appointment of a permanent Chief Financial Officer and the departure of the interim officer.
Key Financial Metrics
The filing does not contain operational financial results such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to executive compensation arrangements:
- Base Salary: $475,000 annually for the new CFO.
- Target Bonus: 75% of base salary.
- Sign-on Equity: $300,000 in restricted stock units (vesting over three years).
- Annual Equity Target: 90% of base salary.
- Relocation Payment: $75,000 (subject to repayment conditions).
Material Changes
The primary material change is the transition of the Chief Financial Officer (CFO) role:
- Departure: Robert J. Hartman, Jr. will cease serving as Interim CFO and Treasurer effective June 8, 2026. He will remain as Chief Accounting Officer.
- Appointment: Scott R. Humphrey, age 55, was appointed as the new CFO and Treasurer, effective June 8, 2026.
Outlook, Risks, and Management Commentary
Management Commentary: The Board appointed Mr. Humphrey based on over 25 years of experience in international finance and operations. His recent experience includes serving as CFO of Fox Factory Holding Corp. (2020–2023) and Interim CFO of Hibbett Sports, Inc. (2019–2020).
Compensatory Arrangements: Mr. Humphrey's agreement includes a Change in Control provision offering 24 months of base salary and benefits continuation, subject to a double trigger (change in control and loss of position within 24 months).
Risks and Contingencies: The filing notes that the $75,000 relocation payment is subject to full repayment if Mr. Humphrey voluntarily separates or is terminated for cause within two years. No other specific risks or contingencies are detailed in this report.
Investor Verification Checklist
- Verify the effective date of the leadership transition (June 8, 2026) and confirm the interim CFO's continued role as Chief Accounting Officer.
- Review the full text of the Offer Letter (Exhibit 10.1) for complete details on equity vesting schedules and severance terms.
- Confirm the absence of any undisclosed family relationships or conflicts of interest involving the new CFO.
- Monitor subsequent filings for the first financial report under the new CFO's tenure to assess any strategic shifts.