Recent Updates — SRI

Orlaco Products BV, an indirect wholly owned subsidiary of Stoneridge, Inc., entered into an employment agreement with Vivek Anand for the role of Vice President, Commercial Strategy & Global Sales. Mr. Anand will report to CEO Natalia Noblet and lead the global commercial organization, effective November 2, 2026. His compensation includes a €330,000 annual base salary, a target bonus of 50% of base, a one-time sign-on bonus of €50,000, and a special equity grant valued at €150,000. Mr. Anand brings over 30 years of experience in the commercial vehicle and automotive industries.

Stoneridge, Inc. appointed Uwe Brandenburg as Global Vice President, Engineering & Innovation, effective November 2, 2026. Brandenburg will report to CEO Natalia Noblet and lead the global engineering organization, focusing on vision, safety, vehicle intelligence, and connectivity. He brings over 25 years of experience in automotive Tier 1 electronics from DXC Technology, Valeo, Continental, Autoliv, and TRW Automotive. His compensation includes an annual base salary of €320,000 (approximately $367,168), a target bonus of 50% of base salary, a one-time special equity grant valued at $150,000, and a monthly automobile allowance of €1,500. Stoneridge, Inc. operates in the automotive technology industry, supplying electronic systems for commercial vehicles and off-highway equipment.

On August 5, 2026, Stoneridge, Inc. reported financial results for the second quarter ended June 30, 2026. Sales grew 15.1% year-over-year to $181.4 million, driven by a record MirrorEye revenue of approximately $37 million and strong performance in Brazil. The company posted a net loss from continuing operations of $5.3 million, or $0.19 per share, an improvement from the $11.1 million loss reported in the prior year period. Adjusted EBITDA reached $5.5 million, marking the best quarterly performance in 24 months. Stoneridge reaffirmed its full-year 2026 guidance ranges for revenue ($645–$670 million) and adjusted EBITDA ($20–$25 million). The company operates as a global supplier of electronic systems and technologies for on- and off-highway transportation sectors.