22NW Fund discloses 1.94M-share, 7.0% passive position in Stoneridge (SRI)

Rhea-AI Filing Summary

22NW Fund and affiliated entities reported direct ownership of 1,943,508 common shares of Stoneridge Inc., equal to approximately 7.0% of the company's outstanding shares based on 27,846,292 shares outstanding as reported April 25, 2025. The shares are owned directly by 22NW Fund, and 22NW, 22NW Fund GP, 22NW GP, Inc. and Aron R. English may be deemed to beneficially own the same shares by virtue of their managerial and partner relationships, although each disclaims ownership of shares it does not directly hold. The statement was filed on Schedule 13G/A and includes a certification that the position was not acquired to affect control of the issuer.

Positive

• Disclosure of a material 7.0% stake representing 1,943,508 shares
• Sole voting and sole dispositive power reported for the shares held by 22NW Fund
• Clear organizational and managerial relationships among 22NW Fund, 22NW, 22NW Fund GP, 22NW GP, Inc. and Aron R. English are documented
• Filed on Schedule 13G/A with a certification that the position was not acquired to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: 22NW disclosed a material passive stake—1.94M shares (7.0%)—a significant >5% position but presented as non-control.

The filing reports 1,943,508 shares and calculates ownership versus a reported outstanding base of 27,846,292 shares, yielding ~7.0%. Holdings are held directly by 22NW Fund with sole voting and dispositive power listed for those shares, which meets SEC thresholds for public disclosure. For investors, the key fact is size: above the 5% reporting threshold and large enough to be a visible stakeholder, while the Schedule 13G/A format and Item 10 certification indicate the filer asserts a passive posture rather than an intent to influence control.

Corporate Governance Expert

TL;DR: The disclosure clearly maps governance links among reporting entities and identifies Aron R. English as the central managing individual.

The filing explains the ownership chain: 22NW Fund directly holds the shares; 22NW serves as investment manager; 22NW Fund GP is general partner; 22NW GP, Inc. is general partner of 22NW; and Aron R. English is portfolio manager/manager/president of the respective entities. The report lists sole voting and dispositive power over the reported shares and includes a formal disclaimer about beneficial ownership of shares not directly owned. The filing follows standard Schedule 13G/A disclosure conventions for a passive investor.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

STONERIDGE INC

(Name of Issuer)

Common Shares, without par value

(Title of Class of Securities)

86183P102

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 86183P102

1

Names of Reporting Persons

22NW Fund, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,943,508.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,943,508.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,943,508.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 86183P102

1

Names of Reporting Persons

22NW, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,943,508.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,943,508.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,943,508.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 86183P102

1

Names of Reporting Persons

22NW Fund GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,943,508.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,943,508.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,943,508.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 86183P102

1

Names of Reporting Persons

22NW GP, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,943,508.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,943,508.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,943,508.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 86183P102

1

Names of Reporting Persons

English Aron R.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,943,508.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,943,508.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,943,508.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: STONERIDGE INC
(b)	Address of issuer's principal executive offices: 39675 MACKENZIE DRIVE, SUITE 400, NOVI, MICHIGAN 48377
Item 2.
(a)	Name of person filing: This statement is filed by 22NW Fund, LP, a Delaware limited partnership ("22NW Fund"), 22NW, LP, a Delaware limited partnership ("22NW"), 22NW Fund GP, LLC, a Delaware limited liability company ("22NW GP"), 22NW GP, Inc., a Delaware S Corporation ("22NW Inc."), and Aron R. English. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." 22NW serves as the investment manager of 22NW Fund. 22NW GP serves as the general partner of 22NW Fund. 22NW Inc. serves as the general partner of 22NW. Mr. English is the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc. By virtue of these relationships, 22NW, 22NW GP, 22NW Inc. and Mr. English may be deemed to beneficially own the Common Shares, without par value (the "Shares"), owned directly by 22NW Fund.
(b)	Address or principal business office or, if none, residence: The address of the principal office of each of the Reporting Persons is 590 1stAve. S, Unit C1, Seattle, Washington 98104.
(c)	Citizenship: 22NW Fund, 22NW, 22NW GP and 22NW Inc. are organized under the laws of the State of Delaware. Mr. English is a citizen of the United States of America.
(d)	Title of class of securities: Common Shares, without par value
(e)	CUSIP No.: 86183P102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of the close of business on June 30, 2025: (i) 22NW Fund directly owned 1,943,508 Shares. (ii) Each of 22NW, as the investment manager of 22NW Fund, 22NW GP, as the general partner of 22NW Fund, 22NW Inc., as the general partner of 22NW, and Mr. English, as the Portfolio Manager of 22NW, Manager of 22NW GP and President and sole shareholder of 22NW Inc., may be deemed to beneficially own the 1,943,508 Shares owned directly by 22NW Fund. The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not directly owned by such Reporting Person.
(b)	Percent of class: The following percentages are based on 27,846,292 Shares outstanding as of April 25, 2025, which is the total number of Shares outstanding as reported in the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on April 30, 2025. As of the close of business on June 30, 2025, each of 22NW Fund, 22NW, 22NW GP, 22NW Inc. and Mr. English may be deemed to beneficially own approximately 7.0% of the outstanding Shares.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Cover Pages Items 5-9.
	(ii) Shared power to vote or to direct the vote: See Cover Pages Items 5-9.
	(iii) Sole power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
	(iv) Shared power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on March 17, 2025.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

22NW Fund, LP

Signature:	/s/ Aron R. English
Name/Title:	Aron R. English, Manager of 22NW Fund GP, LLC, its General Partner
Date:	08/13/2025

22NW, LP

Signature:	/s/ Aron R. English
Name/Title:	Aron R. English, President and Sole Shareholder of 22NW GP, Inc., its General Partner
Date:	08/13/2025

22NW Fund GP, LLC

Signature:	/s/ Aron R. English
Name/Title:	Aron R. English, Manager
Date:	08/13/2025

22NW GP, Inc.

Signature:	/s/ Aron R. English
Name/Title:	Aron R. English, President and Sole Shareholder
Date:	08/13/2025

English Aron R.

Signature:	/s/ Aron R. English
Name/Title:	Aron R. English
Date:	08/13/2025

FAQ

What stake in Stoneridge (SRI) did 22NW report?

22NW reported ownership of 1,943,508 common shares, representing approximately 7.0% of outstanding shares.

How was the 7.0% ownership calculated for SRI?

The percentage is based on a reported share count of 27,846,292 outstanding shares as of April 25, 2025, producing approximately 7.0%.

Who may be deemed a beneficial owner of the SRI shares?

22NW Fund directly owns the shares; 22NW, 22NW Fund GP, 22NW GP, Inc. and Aron R. English may be deemed beneficial owners due to managerial and partner relationships, per the filing.

Does the filing indicate an intent to influence control of Stoneridge?

No. The Schedule 13G/A includes a certification stating the securities were not acquired and are not held to change or influence control of the issuer.

What voting and disposition powers were reported for the SRI shares?

The filing reports sole voting power and sole dispositive power over the 1,943,508 shares held by 22NW Fund.