STONERIDGE INC 8-K

What Happened
Stoneridge, Inc. (SRI) filed an 8-K on June 3, 2026 announcing that the Board appointed Scott R. Humphrey (age 55) as Chief Financial Officer and Treasurer, effective June 8, 2026. Robert J. Hartman, Jr. will cease serving as Interim CFO and Treasurer on June 8 but will continue as the Company’s Chief Accounting Officer. The appointment is governed by an offer letter dated May 14, 2026.

Key Details

• Annual base salary: $475,000.
• Annual incentive: eligible with a target bonus of 75% of base salary.
• Sign-on equity: restricted stock units with a market value of $300,000, vesting ratably over 3 years.
• Long-Term Incentive Plan (annual grants): target equal to 90% of base salary.
• Severance / Change in Control: 24 months of base salary and benefits continuation under a customary Change in Control Agreement (double-trigger).
• Relocation: $75,000 lump-sum, grossed up, subject to full repayment if Mr. Humphrey voluntarily leaves or is terminated for cause within two years.
• Background: Mr. Humphrey has 25+ years in finance (most recently CFO of Fox Factory Holding Corp., 2020–2023; Interim CFO of Hibbett Sports, 2019–2020; CFO of Ciner Resources, 2013–2018). He holds an MBA from Georgetown and a BS in Finance from Boston College.

Why It Matters
This is a material executive change affecting Stoneridge’s finance leadership—investors should note the formalization of a permanent CFO after an interim period, which can influence financial strategy, reporting continuity, and investor communications. The compensation and sign-on/relocation costs are concrete near-term expenses; the Change in Control severance terms could be relevant in a future transaction scenario. Mr. Hartman remaining as Chief Accounting Officer preserves continuity in accounting oversight.