| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
| Emerging growth company | ||||||||
| Exhibit No. | Description | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document) | ||||
| Stoneridge, Inc. | |||||
| Date: February 5, 2026 | /s/ Matthew R. Horvath | ||||
Matthew R. Horvath Chief Financial Officer and Treasurer (Principal Financial Officer) | |||||
| As of September 30, 2025 | ||||||||||||||||||||||||||
| (in thousands) | Historical Stoneridge (as reported) | Disposal of Segment (a) | Transaction Accounting Adjustments | Pro Forma | ||||||||||||||||||||||
| ASSETS | ||||||||||||||||||||||||||
| Current assets: | ||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 53,988 | $ | (4,681) | $ | 23,879 | (b) | $ | 73,186 | |||||||||||||||||
| Accounts receivable, net | 153,072 | (52,864) | 6,375 | (b) | 106,583 | |||||||||||||||||||||
| Inventories, net | 145,449 | (27,756) | — | 117,693 | ||||||||||||||||||||||
| Prepaid expenses and other current assets | 31,806 | (4,300) | — | 27,506 | ||||||||||||||||||||||
| Total current assets | 384,315 | (89,602) | 30,254 | 324,968 | ||||||||||||||||||||||
| Long-term assets: | ||||||||||||||||||||||||||
| Property, plant and equipment, net | 100,477 | (39,626) | — | 60,851 | ||||||||||||||||||||||
| Intangible assets, net | 40,741 | (1,056) | — | 39,685 | ||||||||||||||||||||||
| Goodwill | 37,530 | — | — | 37,530 | ||||||||||||||||||||||
| Operating lease right-of-use asset | 13,481 | (3,205) | — | 10,276 | ||||||||||||||||||||||
| Investments and other long-term assets, net | 55,535 | (4,333) | (54,574) | (c)(d) | (3,372) | |||||||||||||||||||||
| Total long-term assets | 247,764 | (48,220) | (54,574) | 144,970 | ||||||||||||||||||||||
| Total assets | $ | 632,079 | $ | (137,822) | $ | (24,319) | $ | 469,938 | ||||||||||||||||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||||||||||||||||
| Current liabilities: | ||||||||||||||||||||||||||
| Current portion of debt | $ | 947 | $ | — | $ | — | $ | 947 | ||||||||||||||||||
| Accounts payable | 101,773 | (42,554) | 2,205 | (b) | 61,424 | |||||||||||||||||||||
| Accrued expenses and other current liabilities | 77,292 | (5,268) | — | 72,024 | ||||||||||||||||||||||
| Total current liabilities | 180,012 | (47,822) | 2,205 | 134,395 | ||||||||||||||||||||||
| Long-term liabilities: | ||||||||||||||||||||||||||
| Revolving credit facility | 170,194 | — | (30,000) | (e) | 140,194 | |||||||||||||||||||||
| Deferred income taxes | 4,939 | (901) | 4,038 | |||||||||||||||||||||||
| Operating lease long-term liability | 9,514 | (2,472) | 7,042 | |||||||||||||||||||||||
| Other long-term liabilities | 16,225 | (2,004) | 14,221 | |||||||||||||||||||||||
| Total long-term liabilities | 200,872 | (5,377) | (30,000) | 165,495 | ||||||||||||||||||||||
| Shareholders' equity: | ||||||||||||||||||||||||||
| Preferred Shares, without par value, 5,000 shares authorized, none issued | — | — | — | — | ||||||||||||||||||||||
| Common Shares, without par value, 60,000 shares authorized, 28,966 shares issued and 28,018 shares outstanding at September 30, 2025, with no stated value | — | — | — | — | ||||||||||||||||||||||
| Additional paid-in capital | 218,048 | (63,419) | 63,419 | (c) | 218,048 | |||||||||||||||||||||
| Common Shares held in treasury, 948 shares at September 30, 2025, at cost | (27,457) | — | — | (27,457) | ||||||||||||||||||||||
| Retained earnings | 154,059 | (23,716) | (59,943) | (f)(k) | 70,400 | |||||||||||||||||||||
| Accumulated other comprehensive loss | (93,455) | 2,512 | — | (90,943) | ||||||||||||||||||||||
| Total shareholders' equity | 251,195 | (84,623) | 3,476 | 170,048 | ||||||||||||||||||||||
| Total liabilities and shareholders' equity | $ | 632,079 | $ | (137,822) | $ | (24,319) | $ | 469,938 | ||||||||||||||||||
| Nine months ended September 30, 2025 | ||||||||||||||||||||||||||
| (in thousands, except per share data) | Historical Stoneridge (as reported) | Disposal of Segment (a) | Transaction Accounting Adjustments | Pro Forma | ||||||||||||||||||||||
| Net sales | $ | 656,109 | $ | (213,515) | $ | 41,435 | (g)(h) | $ | 484,029 | |||||||||||||||||
| Costs and expenses: | ||||||||||||||||||||||||||
| Cost of goods sold | 518,105 | (179,568) | 38,412 | (g)(h) | 376,949 | |||||||||||||||||||||
| Selling, general and administrative | 96,125 | (18,479) | — | 77,646 | ||||||||||||||||||||||
| Design and development | 50,984 | (11,952) | — | 39,032 | ||||||||||||||||||||||
| Operating (loss) income | (9,105) | (3,516) | 3,023 | (9,598) | ||||||||||||||||||||||
| Interest expense (income), net | 10,102 | 178 | (1,742) | (i) | 8,538 | |||||||||||||||||||||
| Equity in earnings of investee | (124) | — | — | (124) | ||||||||||||||||||||||
| Other expense (income), net | 5,378 | (929) | — | 4,449 | ||||||||||||||||||||||
| (Loss) income before income taxes | (24,461) | (2,765) | 4,765 | (22,461) | ||||||||||||||||||||||
| Provision (benefit) for income taxes | 1,465 | (3,179) | 1,031 | (j) | (683) | |||||||||||||||||||||
| Net (loss) income from continuing operations | $ | (25,926) | $ | 414 | $ | 3,734 | $ | (21,778) | ||||||||||||||||||
| Loss per share from continuing operations: | ||||||||||||||||||||||||||
| Basic | $ | (0.93) | $ | (0.78) | ||||||||||||||||||||||
| Diluted | $ | (0.93) | $ | (0.78) | ||||||||||||||||||||||
| Weighted-average shares outstanding: | ||||||||||||||||||||||||||
| Basic | 27,776 | 27,776 | ||||||||||||||||||||||||
| Diluted | 27,776 | 27,776 | ||||||||||||||||||||||||
| Year ended December 31, 2024 | ||||||||||||||||||||||||||
| (in thousands, except per share data) | Historical Stoneridge (as reported) | Disposal of Segment (a) | Transaction Accounting Adjustments | Pro Forma | ||||||||||||||||||||||
| Net sales | $ | 908,295 | $ | (296,283) | $ | 57,104 | (g)(h) | $ | 669,116 | |||||||||||||||||
| Costs and expenses: | ||||||||||||||||||||||||||
| Cost of goods sold | 719,042 | (248,412) | 53,448 | (g)(h) | 524,078 | |||||||||||||||||||||
| Selling, general and administrative | 117,460 | (23,723) | (1,215) | (g) | 92,522 | |||||||||||||||||||||
| Design and development | 72,174 | (20,116) | — | 52,058 | ||||||||||||||||||||||
| Operating (loss) income | (381) | (4,032) | 4,871 | 458 | ||||||||||||||||||||||
| Interest expense (income), net | 14,447 | 4 | (2,424) | (i) | 12,027 | |||||||||||||||||||||
| Equity in loss of investee | 1,292 | — | — | 1,292 | ||||||||||||||||||||||
| Other (income) expense, net | (2,523) | 380 | — | (2,143) | ||||||||||||||||||||||
| (Loss) income before income taxes | (13,597) | (4,416) | 7,295 | (10,718) | ||||||||||||||||||||||
| Provision (benefit) for income taxes | 2,927 | (2,017) | 1,724 | (j) | 2,634 | |||||||||||||||||||||
| Net loss (income) from continuing operations | $ | (16,524) | $ | (2,399) | $ | 5,571 | $ | (13,352) | ||||||||||||||||||
| Loss per share from continuing operations: | ||||||||||||||||||||||||||
| Basic | $ | (0.60) | $ | (0.48) | ||||||||||||||||||||||
| Diluted | $ | (0.60) | $ | (0.48) | ||||||||||||||||||||||
| Weighted-average shares outstanding: | ||||||||||||||||||||||||||
| Basic | 27,596 | 27,596 | ||||||||||||||||||||||||
| Diluted | 27,596 | 27,596 | ||||||||||||||||||||||||
| Purchase price | $ | 59,000 | |||
| Transaction costs due at close | (5,121) | ||||
| Total closing cash consideration | 53,879 | ||||
| Required repayment of revolving credit facility (e) | (30,000) | ||||
| Net closing cash consideration | $ | 23,879 | |||
| Total closing cash consideration (b) | $ | 53,879 | |||
| Net assets of the Business | (90,991) | ||||
| Estimated working capital adjustment | 6,375 | ||||
| Transaction accounting adjustments | (7,326) | ||||
| Pre-tax loss on sale of business | $ | (38,063) | |||