UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
In accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and during Stoneridge, Inc.’s (the “Company”) open trading window under the Company’s Insider Trading Policy, on November 3, 2020, Jon DeGaynor, president and chief executive officer of the Company, entered into a written trading plan (the “Plan”) with a broker to manage the sale of up to 30,000 common shares of the Company. The common shares will be sold under the Plan on the open market according to the parameters set forth under the Plan. The Plan will expire on March 31, 2021 or the date all 30,000 common share are sold unless renewed, extended, or terminated earlier by Mr. DeGaynor. The purpose of the Plan is to provide individual asset diversification to Mr. DeGaynor. The transactions executed in accordance with the Plan will be disclosed publicly through one or more Form 4 filings with the Securities and Exchange Commission (“SEC”). In addition to his entry into the Plan, as part of his individual investment diversification objective, on October 30 and November 2, 2020, Mr. DeGaynor sold a total of 10,000 Company common shares on the open market. A Form 4 with respect to these transactions will be timely filed with the SEC.
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: November 3, 2020 | /s/ Robert R. Krakowiak | |
Robert R. Krakowiak, Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer) |