0001144204-11-031907.txt : 20110523 0001144204-11-031907.hdr.sgml : 20110523 20110523171507 ACCESSION NUMBER: 0001144204-11-031907 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110517 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110523 DATE AS OF CHANGE: 20110523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STONERIDGE INC CENTRAL INDEX KEY: 0001043337 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 341598949 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13337 FILM NUMBER: 11865832 BUSINESS ADDRESS: STREET 1: 9400 EAST MARKET ST CITY: WARREN STATE: OH ZIP: 44484 BUSINESS PHONE: 3308562443 MAIL ADDRESS: STREET 1: 9400 EAST MARKET ST CITY: WARREN STATE: OH ZIP: 44484 8-K 1 v223883_8k.htm Unassociated Document
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 17, 2011
 
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
44484
(Address of principal executive offices)
(Zip Code)

Registrant’s telephone number, including area code:  (330) 856-2443

N/A
(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 17, 2011, Stoneridge, Inc. (the “Company”) announced that Richard M. Adante, age 64, was appointed Vice President of Operations of the Company, effective May 17, 2011.  From November 2009 until his appointment Mr. Adante was consulting through his personal consulting firm, RMA Management Consultants.  From July 2006 to November 2009, Mr. Adante served as the President of Hawthorn Manufacturing, now known as Crowne Group, a private equity company with holdings in the automotive manufacturing segment.   Prior to that, he served as the Group Vice President and General Manager of the Precious Metals Business Unit of OM Group, Inc., a producer and marketer of metal-based chemicals and related materials, and served in various senior management positions during his more than 30 year career with The Goodyear Tire & Rubber Company.  The Company has not entered into an employment agreement with Mr. Adante.
 
ITEM 9.01   Financial Statements and Exhibits.

(c) 
Exhibits

Exhibit No.    
Description

99.1
Press Release dated May 17, 2011, announcing the appointment of Richard Adante to the newly created position of Vice President of Operations.
 
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:  May 23, 2011
/s/ George E. Strickler                                                                          
 
 
George E. Strickler, Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer)
 
     
 
 
 

 
EX-99.1 2 v223883_ex99-1.htm Unassociated Document
Exhibit 99.1
 
FOR IMMEDIATE RELEASE
 
STONERIDGE APPOINTS RICHARD ADANTE TO THE NEWLY CREATED POSITION OF VICE PRESIDENT OF OPERATIONS
 
WARREN, Ohio – May 17, 2011 – Stoneridge, Inc. (NYSE: SRI) today announced that Richard Adante has joined the Stoneridge management team in the new role of Vice President of Operations.

In this role, Mr. Adante will have responsibility for plant operations, supply chain and implementation of the Company’s ongoing strategy for operational performance improvement.  The addition of this position will provide the business unit leadership the ability to focus greater emphasis on strategic growth along with market, customer and product development.

Mr. Adante brings more than 35 years of diverse operational experience to Stoneridge, including successfully improving performance for a variety of operations.  Most recently, he served as the President of Hawthorn Manufacturing, now known as Crowne Group, a private equity company with holdings in the automotive manufacturing segment.  Prior to that, he served as the Group Vice President and General Manager of the Precious Metals Business Unit of OM Group, Inc., a producer and marketer of metal-based chemicals and related materials, and served in various senior management positions during his more than 30 year career with The Goodyear Tire & Rubber Company.

“The addition of Rick strengthens our leadership team and provides greater focus to our operations,” said John C. Corey, president and chief executive officer of Stoneridge.  “Under his leadership, we expect to improve our operating capabilities to become faster and more flexible to meet the requirements of our customers.  With the new reporting alignment, the leadership team will continue to drive growth and improve performance of the Company.”

About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Warren, Ohio, is a global designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the commercial, automotive and agricultural and off-highway vehicle markets.  Additional information about Stoneridge can be found at www.stoneridge.com.
 
Forward-Looking Statements
 
Statements in this release that are not historical fact are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied in this release.  Things that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of a major customer; a significant change in commercial, automotive or agricultural and off-highway vehicle production; disruption in the OEM supply chain due to bankruptcies; a significant change in general economic conditions in any of the various countries in which the Company operates; labor disruptions at the Company’s facilities or at any of the Company’s significant customers or suppliers; the ability of the Company’s suppliers to supply the Company with parts and components at competitive prices on a timely basis; customer acceptance of new products; and the failure to achieve successful integration of any acquired company or business.  In addition, this release contains time-sensitive information that reflects management’s best analysis only as of the date of this release.  The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.  Further information concerning issues that could materially affect financial performance related to forward-looking statements contained in this release can be found in the Company’s periodic filings with the Securities and Exchange Commission.

For more information, contact:

Kenneth A. Kure, Corporate Treasurer and Director of Finance
330/856-2443