Stoneridge taps Vivek Anand as global sales VP
The agreement sets annual base pay at €330,000, with a 50% target bonus and eligible equity grants.
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Form Type
8-K
Rhea-AI Filing Summary
Stoneridge, Inc. entered into an employment agreement through its indirect wholly owned subsidiary Orlaco Products BV with Vivek Anand, who will become Vice President, Commercial Strategy & Global Sales on November 2, 2026. He will report to President and CEO Natalia Noblet and join the executive team. The agreement has an indefinite term and provides an annual base salary of €330,000 (approximately $371,349) and eligibility for an annual incentive plan with a target bonus of 50% of base salary. It also provides a one-time €50,000 sign-on bonus (approximately $56,265), repayable in full if he resigns or gives notice to terminate, or is terminated by summary dismissal, before November 2, 2027.
An eligible one-time time-based equity grant equivalent to €150,000 (approximately $168,795) is to be granted as soon as practicable after his start date and vest one year from the grant date, subject to continued employment. He is also eligible for annual long-term incentive grants targeted at 50% of then-current base salary. Participation in the Executive Severance Plan is subject to Compensation Committee approval and provides 12-month salary and benefits continuation. A change-in-control agreement provides 24-month base salary and benefits continuation subject to a double trigger: a change in control and loss of position within 24 months. He is eligible for relocation support from Belgium to the Netherlands.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Annual base salary: €330,000 (approximately $371,349)
Target bonus opportunity: 50% of base salary
Sign-on bonus: €50,000 (approximately $56,265)
+4 more
7 metrics
Annual base salary
€330,000 (approximately $371,349)
Employment agreement dated October 2, 2026
Target bonus opportunity
50% of base salary
Annual incentive plan
Sign-on bonus
€50,000 (approximately $56,265)
One-time bonus, subject to repayment conditions
One-time special equity grant
Equivalent to €150,000 (approximately $168,795)
Eligible time-based grant; subject to grant, vesting, and continued-employment terms
Annual Long-Term Incentive Plan grants
Target of 50% of then-current base salary
Annual grants
Executive Severance Plan salary and benefits continuation
12 months
Participation subject to Compensation Committee approval
Change-in-control agreement salary and benefits continuation
24 months
Subject to a double trigger
Key Terms
target bonus opportunity, Long-Term Incentive Plan, Executive Severance Plan, double trigger provision
4 terms
target bonus opportunity financial
"target bonus opportunity of 50% of his base salary"
Long-Term Incentive Plan financial
"under the Company’s Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Executive Severance Plan financial
"eligible to participate in the Company’s Executive Severance Plan"
double trigger provision financial
"subject to a double trigger provision"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What compensation did SRI disclose for Vivek Anand?
The agreement provides an annual base salary of €330,000 and eligibility for an annual incentive plan with a target bonus of 50% of base salary. It also provides a one-time €50,000 sign-on bonus and eligibility for a one-time equity grant equivalent to €150,000, subject to the stated grant and vesting conditions.
When does Vivek Anand start at SRI, and who will he report to?
Vivek Anand will serve as Vice President, Commercial Strategy & Global Sales effective November 2, 2026, reporting to President and CEO Natalia Noblet. He will be a member of Stoneridge's executive team and lead its global commercial organization.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 2, 2026
(Exact Name of Registrant as Specified in its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||
(Address of Principal Executive Offices, and Zip Code)
(248 ) 489-9300
Registrant’s Telephone Number, Including Area Code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| 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)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | ||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
ITEM 1.01 Entry into a Material Definitive Agreement.
On October 2, 2026, Orlaco Products BV (“Orlaco”), an indirect wholly owned subsidiary of Stoneridge, Inc. (the “Company”) entered into an employment agreement (the “Employment Agreement”) with Vivek Anand, pursuant to which Mr. Anand will serve as Vice President, Commercial Strategy & Global Sales of the Company, effective November 2, 2026. In his capacity as Vice President, Commercial Strategy & Global Sales, Mr. Anand will report to Natalia Noblet, President and Chief Executive Officer of the Company, and serve as a member of the Company’s executive team. He will lead the Company’s global commercial organization, including sales, product marketing, customer communications, market analytics, and sales and marketing strategy.
The Employment Agreement, dated October 2, 2026, which has an indefinite term, provides that Mr. Anand will receive an annual base salary of €330,000 (approximately $371,349 based on the exchange rate on the date of the Employment Agreement) and will be eligible to participate in the Company’s annual incentive plan with a target bonus opportunity of 50% of his base salary. Mr. Anand will also receive a one-time sign-on bonus of €50,000 (approximately $56,265 based on the exchange rate on the date of the Employment Agreement), repayable in full by Mr. Anand if: (i) Mr. Anand resigns or otherwise gives notice to terminate the Employment Agreement; or (ii) the Employment Agreement is terminated by a summary dismissal, in each case before November 2, 2027. He will be eligible to receive a one-time special equity grant of time-based Stoneridge shares equivalent to €150,000 (approximately $168,795 based on the exchange rate on the date of the Employment Agreement), to be granted as soon as practicable after his start date and to vest one year from the date of grant under the Company’s Long-Term Incentive Plan, subject to continued employment through the vesting date. In addition, he will be eligible to participate in annual grants under the Company’s Long-Term Incentive Plan with a target of 50% of his then-current base salary. Mr. Anand will also be eligible to participate in the Company’s Executive Severance Plan, subject to Compensation Committee approval, which provides for a 12-month continuation of salary and benefits, and will receive a standard Change in Control Agreement that provides for 24-month base salary and benefits continuation, subject to a double trigger provision (i.e., change in control and loss of position within 24 months). He will also be eligible for relocation support from Belgium to the Netherlands and to participate in the Company’s employee benefit plans generally available to the Company’s executive officers. The foregoing description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Mr. Anand, age 53, brings more than 30 years of global leadership experience across the commercial vehicle and automotive industries, with expertise spanning commercial strategy, general management, operations, product management, and customer engagement. Most recently, Mr. Anand served as Managing Director, Nordics and Global Vice President, Strategic Accounts at ZF, where he led a multi-divisional industrial business and managed strategic relationships with leading global OEMs. Previously, he served as Business Unit Leader and Global Business Head for Driveline Systems, leading a €500 million global business with responsibility for manufacturing, engineering, and commercial operations. Earlier in his career, Mr. Anand held leadership positions in global project management and purchasing at WABCO and led Asia Pacific sourcing at Aptiv.
Mr. Anand holds a bachelor’s degree in mechanical engineering and an MBA with a concentration in Marketing. He also completed the Leadership Development Program at Saïd Business School, University of Oxford, and is a Six Sigma Green Belt.
Other than the compensation summarized above, there are no arrangements or understandings between Mr. Anand and any other person pursuant to which Mr. Anand was appointed as Vice President, Commercial Strategy & Global Sales. There are no family relationships between Mr. Anand and any director or executive officer of the Company. There are no transactions in which Mr. Anand has an interest requiring disclosure under Item 404(a) of Regulation S-K.
On August 27, 2026, the Company issued a press release announcing Mr. Anand’s appointment as Vice President, Commercial Strategy & Global Sales, effective November 2, 2026. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | ||||
| 10.1 | Employment Agreement, dated October 2, 2026, between Orlaco and Vivek Anand* | ||||
| 99.1 | Press release of Stoneridge, Inc., dated August 27, 2026, on Vivek Anand | ||||
| 104 | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document) | ||||
* Indicates a management contract or compensatory plan or arrangement.
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: October 7, 2026 | /s/ Scott R. Humphrey | ||||
Scott R. Humphrey Chief Financial Officer and Treasurer (Principal Financial Officer) | |||||
Exhibit 99.1
Stoneridge Appoints Vivek Anand as Vice President, Commercial Strategy & Global Sales
NOVI, Mich. — August 27, 2026 — Stoneridge, Inc. (NYSE: SRI), a global leader of safe, intelligent and efficient electronic technologies for the commercial vehicle and off-highway equipment markets, today announced the appointment of Vivek Anand as Vice President, Commercial Strategy & Global Sales, effective November 2, 2026.
Vivek will report directly to President and Chief Executive Officer, Natalia Noblet, and serve as a member of the company’s Executive Team. In this role, he will lead Stoneridge’s global commercial organization, including sales, product marketing and customer communications, market analytics, and sales and marketing strategy.
“Vivek is an internationally experienced executive with a deep understanding of our industry, our customers, and the technologies shaping the future of mobility,” said Natalia Noblet, President and CEO of Stoneridge. “Throughout his career, he has built trusted, long-standing relationships with global OEMs and demonstrated an exceptional ability to position complex technologies to meet evolving customer needs across regions. As we continue strengthening the connection between our customers, our innovation roadmap, and our commercial strategy, Vivek's leadership will be instrumental in driving our next phase of growth.”
Vivek brings more than 30 years of global leadership experience across the commercial vehicle and automotive industries, with expertise spanning commercial strategy, general management, operations, product management, and customer engagement.
Most recently, Vivek served as Managing Director, Nordics and Global Vice President, Strategic Accounts at ZF, where he led a multi-divisional industrial business and managed strategic relationships with leading global OEMs.
Previously, he served as Business Unit Leader and Global Business Head for Driveline Systems, leading a €500 million global business with responsibility for manufacturing, engineering, and commercial operations. Earlier in his career, Vivek held leadership positions in global project management and purchasing at WABCO and led Asia Pacific sourcing at Aptiv.
"I am excited to join Stoneridge at such a pivotal time in its growth," said Vivek. "The company has built a strong reputation for innovation and customer partnership, and I look forward to working with the talented global team to strengthen our commercial strategy, deepen customer relationships, and help bring the right products and services to market with speed.”
Vivek holds a bachelor’s degree in mechanical engineering and an MBA with a concentration in Marketing. He also completed the Leadership Development Program at Saïd Business School, University of Oxford, and is a Six Sigma Green Belt.
About Stoneridge, Inc. Stoneridge, Inc., headquartered in Novi, Michigan, is a global supplier of safe and efficient electronic systems and technologies. Our systems and products power vehicle intelligence, while enabling safety and security for on- and off-highway transportation sectors around the world. Additional information about Stoneridge can be found at www.stoneridge.com.
Contact:
Susan Benedict
Susan.Benedict@Stoneridge.com
39675 MacKenzie Drive, Suite 400 Novi, Michigan 48377 United States | +1 248 489 9300 stoneridge.com | ||||