Current Report · Items 1.01, 9.01 · 8-K
Stoneridge, Inc
SRINYSEEQUITYCurrent
Entry into a Material Definitive Agreement
ITEM 1.01 Entry into a Material Definitive Agreement. On September 17, 2026, Stoneridge, Inc. (the “Company”) entered into an employment agreement (the “Employment Agreement”) with Uwe Brandenburg, age 59, pursuant to which Mr. Brandenburg will serve as Global Vice President, Engineering & Innovation of the Company, effective November 2, 2026. In his capacity as Global Vice President, Engineering & Innovation, Mr.…
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
ITEM 1.01 Entry into a Material Definitive Agreement.
On September 17, 2026, Stoneridge, Inc. (the “Company”) entered into an employment agreement (the “Employment Agreement”) with Uwe Brandenburg, age 59, pursuant to which Mr. Brandenburg will serve as Global Vice President, Engineering & Innovation of the Company, effective November 2, 2026. In his capacity as Global Vice President, Engineering & Innovation, Mr. Brandenburg will report to Natalia Noblet, President and Chief Executive Officer of the Company. Mr. Brandenburg’s home office will be in Germany.
The Employment Agreement, dated September 17, 2026, provides that Mr. Brandenburg will receive an annual base salary of €320,000 (approximately $367,168 based on the exchange rate on the date of the Employment Agreement) and will be eligible to participate in the Company’s annual incentive plan with a target bonus opportunity of 50% of his base salary. He will be eligible to receive a one-time special equity grant of time-based Stoneridge shares equivalent to $150,000, to be granted as soon as practicable after his start date and to vest ratably on the anniversary of the date of grant over a three-year period under the Company’s Long-Term Incentive Plan. In addition, he will be eligible to participate in annual grants under the Company’s Long-Term Incentive Plan with a target of 40% of his then-current base salary. Mr. Brandenburg will receive a monthly automobile allowance of €1,500 (approximately $1,721 based on the exchange rate on the date of the Employment Agreement). Mr. Brandenburg will also be eligible to participate in the Company’s Executive Severance Plan, subject to Compensation Committee approval, which provides for a 12-month continuation of salary and benefits, and will receive a standard Change in Control Agreement that provides for 24-month base salary and benefits continuation, subject to a double trigger provision (i.e., change in control and loss of position within 24 months). He will also be eligible to participate in the Company’s employee benefit plans generally available to the Company’s executive officers. The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Mr. Brandenburg has more than 25 years of experience in automotive Tier 1 electronics, engineering leadership, ADAS and software-defined vehicle technologies. He joins Stoneridge from DXC Technology (formerly Luxoft), where he most recently served as Chief Technology Officer and Senior Vice President, Automotive and Manufacturing. Before DXC, Mr. Brandenburg led Valeo's global ADAS engineering organization as Chief Technology Officer and Global Head of Engineering. Earlier in his career, Mr. Brandenburg held senior engineering leadership roles at Continental, Autoliv, and TRW Automotive. Mr. Brandenburg is a member of the Board of Directors of BlincVision.
Mr. Brandenburg holds a degree in Electrical and Telecommunications Engineering from the University of Applied Sciences Constance.
Other than the compensation summarized above, there are no arrangements or understandings between Mr. Brandenburg and any other person pursuant to which Mr. Brandenburg was appointed as Global Vice President, Engineering & Innovation. There are no family relationships between Mr. Brandenburg and any director or executive officer of the Company. There are no transactions in which Mr. Brandenburg has an interest requiring disclosure under Item 404(a) of Regulation S-K.