Stoneridge, Inc. (NYSE:SRI) filed a Form 8-K on September 23, 2026, disclosing that it entered into an employment agreement with Uwe Brandenburg, who will serve as Global Vice President, Engineering & Innovation effective November 2, 2026.

Key Highlights

  • New Role: Uwe Brandenburg, age 59, will join Stoneridge as Global Vice President, Engineering & Innovation, reporting to President and CEO Natalia Noblet.
  • Base Salary: Brandenburg will receive an annual base salary of €320,000 (approximately $367,168 based on the exchange rate on the date of the employment agreement).
  • Annual Incentive: He is eligible for a target bonus opportunity of 50% of his base salary under the Company's annual incentive plan.
  • One-Time Equity Grant: He will receive a one-time special equity grant of time-based Stoneridge shares equivalent to $150,000, vesting ratably over three years on the anniversary of the grant date.
  • Long-Term Incentive: He is eligible to participate in annual Long-Term Incentive Plan grants with a target of 40% of his then-current base salary.
  • Severance Provisions: Subject to Compensation Committee approval, he is eligible for the Executive Severance Plan providing 12-month salary and benefits continuation, plus a Change in Control Agreement providing 24-month base salary and benefits continuation under a double trigger provision.
  • Prior Experience: Brandenburg most recently served as Chief Technology Officer and Senior Vice President, Automotive and Manufacturing at DXC Technology (formerly Luxoft), and previously held the role of Chief Technology Officer and Global Head of Engineering at Valeo's global ADAS engineering organization.

Stoneridge Employment Agreement Details for Brandenburg

According to the filing, Stoneridge, Inc. entered into the employment agreement with Brandenburg on September 17, 2026, with his start date set for November 2, 2026. His home office will be located in Germany. The agreement was disclosed under Item 1.01, Entry into a Material Definitive Agreement, of the Form 8-K filed with the SEC on September 23, 2026.

The filing states that Brandenburg will receive a monthly automobile allowance of €1,500 (approximately $1,721 based on the exchange rate on the date of the employment agreement) and will be eligible to participate in employee benefit plans generally available to the Company's executive officers. The Change in Control Agreement referenced in the filing provides for benefits continuation subject to what the filing describes as "a double trigger provision (i.e., change in control and loss of position within 24 months)."

According to the filing, Brandenburg has more than 25 years of experience in automotive Tier 1 electronics, engineering leadership, ADAS, and software-defined vehicle technologies. Earlier in his career, he held senior engineering leadership roles at Continental, Autoliv, and TRW Automotive. He is also identified as a current member of the Board of Directors of BlincVision. The filing notes that Brandenburg holds a degree in Electrical and Telecommunications Engineering from the University of Applied Sciences Constance.

What Was Disclosed

Stoneridge disclosed the terms of an employment agreement with incoming Global Vice President, Engineering & Innovation Uwe Brandenburg, covering his base salary, bonus eligibility, equity grants, severance arrangements, and professional background, with the full agreement filed as Exhibit 10.1.