STONERIDGE INC 8-K

What Happened Stoneridge, Inc. announced that Chief Financial Officer and Treasurer Matthew R. Horvath will resign effective March 31, 2026. On March 17, 2026, the Board elected Robert J. Hartman, Jr. to serve as Interim Chief Financial Officer and Treasurer effective April 1, 2026. Mr. Hartman, age 59, will continue to serve as the company’s Chief Accounting Officer while the company conducts a search for a permanent CFO.

Key Details

• Effective date: Matt Horvath resigns March 31, 2026; Robert J. Hartman Jr. becomes Interim CFO/Treasurer April 1, 2026.
• Tenure: Hartman has over 27 years of experience at Stoneridge and will retain his role as Chief Accounting Officer.
• Compensation tied to interim appointment:
  • $50,000 recognition bonus payable in cash (payable by July 31, 2026 or when a permanent CFO is employed).
  • $118,646 retention bonus payable in cash if employed through January 30, 2027.
  • Grant of 30,000 share units (in addition to normal annual award), vesting one‑third annually in March 2027, 2028 and 2029, payable one‑for‑one in common shares, subject to continued employment.
• No family relationships or reportable related‑party transactions disclosed in connection with the appointment.

Why It Matters A CFO transition is material because it affects financial leadership and continuity of financial reporting. Stoneridge named a long‑tenured internal candidate as interim CFO, which suggests continuity in accounting and finance operations while a permanent successor is sought. The company also disclosed specific cash and equity incentives to retain Mr. Hartman through the transition, which investors can view as a short‑term retention strategy to ensure stability in financial oversight.