6 unchanged sentences
We supply the majority of our products, predominantly on a sole-source basis, to many of the world’s leading commercial vehicle, automotive and off-highway original equipment manufacturers (“OEMs”) and select non-vehicle OEMs, as well as certain automotive and commercial vehicle Tier 1 suppliers.
−Removed: Our customers are increasingly utilizing electronic technology to comply with more stringent regulations (particularly emissions and safety) and to meet end-user demand for improved vehicle performance and greater convenience.
+Added: Our customers are increasingly utilizing electronic technology to comply with more stringent regulations (particularly safety) and to meet end-user demand for improved vehicle performance and greater convenience.
As a result of this trend, per-vehicle electronic content has been increasing.
6 unchanged sentences
Our product portfolio shift focuses on the megatrends driving the transportation and off-highway industries.
−Removed: We have positioned each of our segments for continued long-term success.
−Removed: Our Control Devices segment is increasingly well positioned with a focus on continued development and commercialization of actuation and powertrain agnostic applications that will drive future growth for the segment.
+Added: In January 2026, the Company completed the strategic review of its Control Devices business and announced the sale of the Control Devices segment.
+Added: The strategic review of the Control Devices business did not meet the criteria for classifying the Control Devices segment as held for sale as of December 31, 2025.
+Added: As such, the consolidated financial statements include the Control Devices segment in continuing operations for all periods presented.
+Added: As a result of this sale, we will now focus our resources on the highest growth, highest return opportunities and reduce overall organizational complexity leading to a clear, focused strategy for the Company.
+Added: We have positioned our business for continued long-term success.
Our Electronics segment is expected to drive strong revenue growth through strong demand for our existing products including our MirrorEye camera monitor system in the European and North American commercial vehicle markets.
2 unchanged sentences
Segments and Products
−Removed: We conduct our business in three reportable business segments, which are the same as our operating segments:
+Added: As of December 31, 2025, we conducted our business in three reportable business segments, which are the same as our operating segments:
Control Devices, Electronics and Stoneridge Brazil.
+Added: In January 2026, we sold the Control Devices segment.
+Added: As a result, we now operate our business in two reportable business segments.
Control Devices.
−Removed: Our Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle.
+Added: Our Control Devices segment, which was sold in January 2026, designs and manufactures products that monitor, measure or activate specific functions within a vehicle.
This segment includes product lines such as actuators, sensors, switches and connectors.
4 unchanged sentences
User-activated switches are used by a vehicle’s operator or passengers to manually activate in-vehicle accessories.
−Removed: Hidden switches are not typically visible to vehicle operators or passengers and are engaged to activate or deactivate selected functions as part of normal vehicle operations.
+Added: Hidden switches are not typically visible to vehicle operators or passengers and are
+Added: engaged to activate or deactivate selected functions as part of normal vehicle operations.
We sell these products principally to the automotive market.
1 unchanged sentence
Our Electronics segment designs and manufactures advanced driver information solutions, vision systems, connectivity and compliance solutions and control modules.
+Added: Vision systems, including our MirrorEye product, provide enhanced vehicle visibility and safety to drivers.
+Added: These benefits include elimination of blind spots, expanded field of view and improved nighttime visibility.
Advanced driver information solutions and connectivity and compliance products collect, store and display vehicle information such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance.
−Removed: Vision systems provide enhanced vehicle visibility and safety to drivers.
These products are sold principally to the commercial vehicle and off-highway markets through both the OEM and aftermarket channels.
1 unchanged sentence
Our Stoneridge Brazil segment primarily serves the South American market and designs and manufactures vehicle tracking devices and monitoring services, driver information systems, vehicle security alarms and convenience accessories, telematics solutions and multimedia devices primarily for the automotive and commercial vehicle markets.
−Removed: This segment includes product lines such as vehicle monitoring and tracking devices, driver information systems, security alarms, convenience applications such as parking sensors and rearview cameras, telematics solutions used for fleet management and multimedia devices.
+Added: This segment includes product lines such as vehicle monitoring and tracking devices, driver information systems, security alarms, convenience applications such as parking sensors and rearview cameras, telematics solutions used for fleet management, infotainment and multimedia devices.
These products improve the performance, safety and convenience features of our customers’ vehicles.
24 unchanged sentences
A significant decline in commercial, automotive, off-highway and agricultural vehicle production of our principal customers could adversely affect the Company.
−Removed: Our Control Devices and Electronics segments are moderately seasonal, impacted by mid-year and year-end shutdowns and the ramp-up of new model production at key customers.
+Added: Our Electronics segment is moderately seasonal, impacted by mid-year and year-end shutdowns and the ramp-up of new model production at key customers.
In addition, the demand for our Stoneridge Brazil segment consumer products is typically higher in the second half of the year.
23 unchanged sentences
To further our vehicle platform penetration, we have also developed collaborative relationships with the design and engineering departments of key customers.
−Removed: These collaborative efforts have resulted in the development of new and complimentary products and the enhancement of existing products.
+Added: These collaborative efforts have resulted in the development of new and complementary products and the enhancement of existing products.
Our product development investment and spending activities are globally coordinated to maximize utilization of resources and collaboration among engineering resources which are organized based on resource availability, capability and cost effectiveness.
27 unchanged sentences
• New employee orientation with globally consistent and locally flexible messaging
−Removed: • Frequent global “town hall” meetings and other communications
+Added: • Frequent global and local “town hall” meetings and other communications
• Employee wellness programs
10 unchanged sentences
Our Chief Human Resources Officer reports directly to the Chief Executive Officer and interacts frequently with the Company’s Board of Directors.
−Removed: Our Human Capital focus will continue to be on employee engagement, employee and leadership development, communications, and employee health and safety.
+Added: Our Human Capital focus will continue to be on employee health and safety, employee engagement, employee and leadership development, and effective employee communications.
Information About Our Executive Officers
1 unchanged sentence
The Board of Directors appoints corporate officers annually.
−Removed: The following table sets forth the names, ages, and positions of the executive officers of the Company:
+Added: The following table sets forth the names, ages, and positions of the executive officers of the Company, as of March 16, 2026:
Name Age Position
5 unchanged sentences
Natalia Noblet 48 President of the Electronics Division
−Removed: Rajaey Kased 45 President of the Control Devices Division
James Zizelman, President, Chief Executive Officer and Director.
5 unchanged sentences
Zizelman was employed at Delphi for more than 20 years, where he was last a Vice President of Engineering from 2016 to 2017.
+Added: Effective April 1, 2026, Ms.
+Added: Noblet will succeed Mr.
+Added: Zizelman as President and Chief Executive Officer.
+Added: Zizelman, who is retiring on May 20, 2026, will remain with the Company as a strategic advisor until his retirement.
Horvath, Chief Financial Officer and Treasurer.
3 unchanged sentences
Horvath spent six years at EY, formerly known as Ernst & Young, in the Transaction Advisory practice, primarily focused on business and asset valuation with a focus on the automotive and transportation industry from 2010 - 2016.
+Added: Horvath has resigned from the Company effective March 31, 2026, to pursue an opportunity outside of the Company.
Benedict, Chief Human Resources Officer and Assistant General Counsel.
3 unchanged sentences
Benedict served as Senior Counsel for Koch Industries in October 2017 and Corporate Counsel for Guardian Industries from December 2012 to September 2017.
−Removed: Ferraiolo, President of the PST Electronics Division.
+Added: Ferraiolo, President of the Stoneridge Brazil Division.
Ferraiolo was appointed to President of the Stoneridge Brazil Electronics Division in June 2017.
15 unchanged sentences
Noblet served as Chief Quality Officer at WABCO.
−Removed: Rajaey Kased, President of the Control Devices Division.
−Removed: Kased was appointed as President of the Control Devices Division in January 2023.
−Removed: He previously was the Vice President of Sales, Strategy, and Product Line Management for the Control Devices Division from 2019.
−Removed: Prior to joining Stoneridge, Mr.
−Removed: Kased served as Head of Business Development, ADAS and Powertrain, North America, at Henkel from 2017 to 2019.
−Removed: Prior to that, Mr.
−Removed: Kased was employed at Delphi from 2005 to 2017 where he served in management and engineering roles of increasing responsibility.
+Added: In addition, Ms.
+Added: Noblet spent nearly two decades at WABCO in increasingly senior roles across operations, sourcing, quality, project management, and continuous improvement.
+Added: Noblet also led complex, multi-regional businesses with full profit and loss responsibility.
+Added: Effective April 1, 2026, Ms.
+Added: Noblet will succeed Mr.
+Added: Zizelman as President and Chief Executive Officer.
Available Information
1 unchanged sentence
Securities and Exchange Commission (“SEC”), as soon as reasonably practicable after they are filed with the SEC.
−Removed: Our Corporate Governance Guidelines, Code of Business Conduct and Ethics, Code of Ethics for Senior Financial Officers, Whistleblower Policy and Procedures and the charters of the Board of Director’s Audit, Compensation, Nominating and Corporate Governance and Compliance and Ethics Committees are posted on our website as well.
+Added: Our Corporate Governance Guidelines, Code of Conduct, Code of Ethics for Senior Financial Officers, Whistleblower Policy and Procedures and the charters of the Board of Directors' Audit, Compensation, Nominating and Corporate Governance and Compliance and Ethics Committees are posted on our website.
+Added: Our Modern Slavery Act Statement, Cybersecurity Policy, Global Human Rights and Working Conditions Policy, Global Environmental Policy and Global Workplace Health and Safety Policy are posted on our website as well.
Copies of these documents will be available to any shareholder upon request.
−Removed: Requests should be directed in writing to Investor Relations at Stoneridge, Inc., 39675 MacKenzie Drive, Suite 400, Novi, Michigan 48377.
+Added: Requests should be directed via email to investor_relations@stoneridge.com or in writing to Investor Relations at Stoneridge, Inc., 39675 MacKenzie Drive, Suite 400, Novi, Michigan 48377.
The SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, including the Company.
+Added: The information contained on or accessible through our website is not incorporated by reference into this Annual Report on Form 10-K and should not be considered part of this or any other report filed with the SEC.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.