Stoneridge Inc. has announced new compensation terms for Rajaey Kased, President of Control Devices, following the approval of its Board's Compensation Committee. The company has entered into a Change in Control Agreement and a Transaction Bonus Letter Agreement with Mr. Kased. Under the Transaction Bonus Letter Agreement, Mr. Kased will receive a transaction bonus of $84,204 upon the sale of all or substantially all assets of the Control Devices Division, contingent on his continued employment and performance. The Change in Control Agreement, amending a prior agreement from February 2023, outlines that Mr. Kased will receive substantial benefits if a change in control occurs and a triggering event follows. These benefits include two times his annual base salary, two times his target annual incentive award, a pro rata annual incentive compensation, and continued life and health insurance benefits for 24 months post-termination.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stoneridge Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001043337-25-000118), on August 19, 2025, and is solely responsible for the information contained therein.
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