Attached files
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EX-99.1 - STONERIDGE INC | v187293_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): May
31, 2010
Stoneridge,
Inc.
|
(Exact
name of registrant as specified in its
charter)
|
Ohio
|
001-13337
|
34-1598949
|
(State
of other jurisdiction
|
(Commission
|
(IRS
Employer
|
of
incorporation)
|
File
Number)
|
Identification
No.)
|
9400
East Market Street
|
|
Warren,
Ohio
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44484
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code: (330) 856-2443
|
(Former
name or former address, if changed since last
report.)
|
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
5.02
|
Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers
|
On May
31, 2010, Stoneridge, Inc. (the “Company”) and Vincent F. Suttmeier, Vice
President of Enterprise Planning & Performance, entered into a Severance
Agreement and Release (the “Agreement”) pursuant to which Mr. Suttmeier
resigned, effective May 31, 2010, as an employee of the Company and from all
other positions he held with the Company or the Company’s subsidiaries and
agreed for a period of one year following the resignation to cooperate with the
Company at reasonable times with regard to matters of which he has historical
knowledge. In addition, the Agreement contains confidentiality,
non-inducement and non-competition covenants and a release from Mr.
Suttmeier. The Agreement may be revoked by Mr. Suttmeier until June
7, 2010. The Company will pay (i) Mr. Suttmeier a severance payment
of $162,750 on December 1, 2010 and (ii) for outplacement services for Mr.
Suttmeier incurred prior to December 31, 2010, not to exceed
$25,000. A copy of the Severance Agreement and Release is attached
hereto as Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
Stoneridge,
Inc.
|
||
Date: June
3, 2010
|
/s/ George E. Strickler | |
George
E. Strickler, Executive Vice President, Chief Financial Officer and
Treasurer (Principal Financial and Accounting Officer)
|
||