AGM/EGMMay 26, 2026, 04:43 PM
Stoneridge Shareholders Approve 2.65M Share Increase for Incentive Plan
AI Summary
Stoneridge Inc. held its Annual Meeting of Shareholders on May 19, 2026, where several key proposals were approved. Shareholders voted to approve Amendment No. 1 to the Company's 2025 Long-Term Incentive Plan, increasing the number of common shares authorized for issuance under the plan by 2,650,000 shares. Additionally, all nine director nominees were elected, Ernst & Young LLP was ratified as the independent auditor for 2026, and a non-binding advisory resolution to approve executive compensation was passed.
Key Highlights
- Stoneridge shareholders approved Amendment No. 1 to the 2025 Long-Term Incentive Plan, increasing authorized shares by 2,650,000.
- The plan amendment was approved with 17,773,424 votes For, 3,557,150 Against, and 127,742 Abstain.
- Nine Company nominees were elected to the Board of Directors for one-year terms.
- Shareholders ratified the appointment of Ernst & Young LLP as the independent auditor for 2026 with 23,883,582 votes For.
- A non-binding advisory resolution to approve 2025 Named Executive Officer compensation was approved with 15,986,309 votes For.
Price Impact
More from SRI