Stoneridge Initiates $50 Million Accelerated Share Repurchase

NOVI, Mich. — May 7, 2019 — Stoneridge, Inc. (NYSE: SRI), a leader in highly engineered electrical and electronic components for the commercial vehicle and automotive industry, announced today that it has entered into an accelerated share repurchase agreement with Citibank N.A. to repurchase an aggregate of $50 million...

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Stoneridge Announces Divestiture of Non-core Switches and Connectors Product Lines to Standard Motor Products

Transaction Summary Stoneridge, Inc., (the “Company”) has sold product lines and assets related to certain non-core switches and connectors (the “Business”) to Standard Motor Products, Inc., for approximately $40 million, subject to a post-closing inventory adjustment. Stoneridge will retain and recognize approximately $5 million in value related to retained...

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Laurent Borne Appointed President of Stoneridge Electronics Division

Borne Remains Chief Technology Officer of Stoneridge. Inc. NOVI, Mich. — Jan. 14, 2019 — Stoneridge Inc. (NYSE: SRI), a leader in highly engineered electrical and electronic components for the commercial vehicle and automotive industry, today announced the appointment of Laurent Borne to president, Electronics Division of Stoneridge, Inc....

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Stoneridge Announces Closure of Canton, Mass. Manufacturing Facility by the End of 2019 – Streamlining Operations and Engineering Footprint

Reviewing Strategic Alternatives for Non-Core Products NOVI, Mich. — Jan. 14, 2019 — Stoneridge, Inc. (NYSE: SRI), a leader in highly engineered electrical and electronic components for the commercial vehicle and automotive industry, announced today that it will consolidate its manufacturing operations and close its Canton, Massachusetts facility by...

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Stoneridge Recognized as a Top-Performing Supplier by PACCAR

NOVI, Mich. — Jan. 11, 2019 — Stoneridge, Inc. (NYSE: SRI) has been recognized as a 2018 top-performing supplier by commercial vehicle manufacturer PACCAR. Jon DeGaynor, president and CEO, Stoneridge, Inc., accepted the award at the annual PACCAR Supplier Performance Management (SPM) program awards ceremony on Dec. 6 in...

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