STONERIDGE, INC. (NYSE:SRI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On January 12, 2017, George E. Strickler, Executive Vice President of Stoneridge, Inc. (the “Company”), provided a letter to the Company notifying the Company of his intention to retire from the Company on April 30, 2017.
Mr. Strickler accepted the position of Executive Vice President in August 2016 to work with Stoneridge leadership to advance the Company’s growth initiatives and business opportunities. Prior to accepting that position, Mr. Strickler served as the Company’s Chief Financial Officer from January 2006 until August 2016. He was instrumental in the Company’s growth and operational and financial repositioning over the past 11 years, including the refinancing of the Company’s high interest rate debt and the sale of the Company’s wiring business in 2014, among other major initiatives that have transformed the Company. Mr. Strickler intends to remaining active in the business community serving on the board of Technical Consumer Products, Inc. and with other business opportunities that do not compete with the Company.
About STONERIDGE, INC. (NYSE:SRI)
Stoneridge, Inc. is a designer and manufacturer of engineered electrical and electronic components, modules and systems for the automotive, commercial, motorcycle, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and PST. The Company’s Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle and includes product lines, such as sensors, switches, valves, and actuators. The Company’s Electronics segment designs and manufactures electronic instrument clusters, electronic control units and driver information systems. The PST segment is engaged in the design, manufacture and sale of in-vehicle audio and video devices, electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services primarily for the automotive and motorcycle industry. It operates in approximately 30 locations in over 10 countries. STONERIDGE, INC. (NYSE:SRI) Recent Trading Information
STONERIDGE, INC. (NYSE:SRI) closed its last trading session down -0.27 at 16.93 with 184,360 shares trading hands.