Who Owns Stoneridge Company?

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Who Owns Stoneridge, Inc.?

Understanding Stoneridge, Inc.'s ownership is key for investors and stakeholders. A recent board restructuring in March 2025, reducing membership from nine to seven, hints at evolving governance and decision-making processes.

Stoneridge, founded in 1965, aims to advance mobility with electronic systems. Its operations span Control Devices, Electronics, and Stoneridge Brazil, contributing to its 2024 sales of $908.3 million.

Who owns Stoneridge Company?

Stoneridge, Inc. was established in 1965 by D.M. Draime in Warren, Ohio, initially as Riker Manufacturing, a contract manufacturing firm that grew from General Motors' solid-state division. D.M. Draime was instrumental in the company's early ownership and leadership, serving as Chairman of the Board of Directors until his passing in 2006.

Founding Vision

The company's initial focus was contract manufacturing for the automotive sector. This vision was directly reflected in the early ownership structure.

Early Ownership Structure

While specific initial equity splits are not detailed in recent filings, D.M. Draime held common shares in trust for family members, indicating substantial founding family control.

Founder's Tenure

D.M. Draime maintained his position as Chairman of the Board of Directors until his death in 2006, underscoring his long-standing influence on the company's direction.

External Investment Information

Information regarding early backers, angel investors, or friends and family investors beyond the Draime family is not readily available in recent public disclosures from 2024-2025.

Family Control

The founding family's substantial stake and control were evident during the initial phases of the company's development.

Historical Context

The company's origins as a contract manufacturer for the automotive market shaped its early operational and ownership strategies.

The early ownership of Stoneridge, Inc. was characterized by the significant involvement and control of its founder, D.M. Draime. His leadership as Chairman of the Board of Directors for decades solidified the founding family's substantial stake in the company. This structure was established from its inception as Riker Manufacturing, reflecting a clear vision for a contract manufacturing business within the automotive industry. Understanding the Revenue Streams & Business Model of Stoneridge provides further context to this foundational ownership period.

Key Aspects of Early Stoneridge Ownership

The initial ownership of Stoneridge was deeply tied to its founder and his family, establishing a foundation of control that guided the company's early trajectory.

• Founder: D.M. Draime
• Establishment: 1965 as Riker Manufacturing
• Founder's Role: Chairman of the Board of Directors until 2006
• Ownership Structure: Significant stake held by the Draime family, including shares in trust
• Market Focus: Contract manufacturing for the automotive industry

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Stoneridge, Inc. transitioned to public ownership through its listing on the New York Stock Exchange, a pivotal moment in its corporate history. This move opened the door for a broad range of investors to participate in the company's growth and development.

The Stoneridge ownership structure is heavily dominated by institutional investors, reflecting a significant concentration of voting power and influence among large financial entities. As of August 19, 2025, these institutions collectively managed over 31 million shares, representing a substantial portion of the company's equity. This high level of institutional backing suggests that the company's strategic direction and operational decisions are closely scrutinized and often shaped by the expectations of these major shareholders, aligning with the Mission, Vision & Core Values of Stoneridge which often emphasize long-term growth and shareholder value.

Key Stakeholders in Stoneridge Inc.

Understanding who owns Stoneridge is crucial for assessing its market position and future trajectory. The company's ownership is primarily vested in institutional investors, with a smaller but significant stake held by company insiders.

• Institutional investors held approximately 91.05% of Stoneridge shares as of June 2025.
• Insider ownership stood at 2.33% by June 2025, indicating management's stake.
• Notable institutional holders include Vanguard Group Inc and BlackRock, Inc.
• William M. Lasky was a significant insider shareholder with a 0.54% holding as of March 2025.
• The company's total common shares outstanding were 28,006,494 as of August 1, 2025.

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The Board of Directors at Stoneridge, Inc. is instrumental in guiding the company's strategic direction and overseeing its operations, acting as fiduciaries for shareholder interests. As of March 14, 2025, the board was restructured to comprise seven members, following the retirement of George S. Mayes, Jr. and Paul J. Schlather.

Stoneridge operates under a straightforward voting structure where each outstanding common share, as of the record date of March 21, 2025, carries one vote on all matters presented at shareholder meetings. Public filings do not indicate any existence of dual-class shares or special voting rights that would concentrate control beyond proportional ownership. The company's governance framework appears robust, with standard procedures for director elections, auditor ratification, executive compensation votes, and the approval of incentive plans, as evidenced by the agenda for the 2025 Annual Meeting of Shareholders. The recent reduction in board size and the absence of reported proxy contests suggest a stable shareholder environment, contributing to a clear understanding of Stoneridge company structure and ownership.

Understanding Stoneridge's Ownership and Governance

Stoneridge's ownership is primarily determined by its common stock, with a one-share-one-vote principle in place. This ensures that influence is directly tied to the number of shares held.

• Stoneridge is a publicly traded company, making its ownership accessible through public filings.
• The Board of Directors is responsible for representing the interests of all Stoneridge investors.
• Key stakeholders include institutional investors and individual shareholders who hold Stoneridge stock ownership.
• Understanding Stoneridge's ownership breakdown by institution is crucial for assessing its shareholder base.
• The Brief History of Stoneridge provides context for its current ownership landscape.

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Stoneridge, Inc. has seen shifts in its board structure and is actively exploring strategic alternatives for its Control Devices segment. These moves aim to refine its focus on high-technology electronic solutions and manage its financial leverage.

The company's financial performance and strategic decisions are key indicators for understanding current Stoneridge ownership trends. With full-year 2024 sales reaching $908.3 million and projections for 2025 revenue between $860 million and $890 million, Stoneridge is navigating a dynamic market. The potential sale of its Control Devices segment, announced in August 2025, is a significant development that could alter its asset base and ownership structure. This strategic review aligns with efforts to reduce debt, targeting a compliance leverage ratio of approximately 2.5x by the end of 2025, a notable decrease from 4.17x. The Marketing Strategy of Stoneridge plays a role in how these changes are perceived by investors.

Board of Directors Restructuring

In March 2025, the Board of Directors was reduced from nine to seven members. This followed the retirement of two directors, George S. Mayes, Jr. and Paul J. Schlather.

Strategic Review of Control Devices Segment

Stoneridge announced plans in August 2025 to explore strategic alternatives for its Control Devices segment. This includes a potential sale to focus on higher-margin electronic solutions.

Financial Performance and Targets

Full-year 2024 sales were $908.3 million, with a 2025 revenue projection of $860 million to $890 million. The company aims for at least $975 million in revenue by 2026.

Stock Performance and Ownership Trends

As of August 19, 2025, the stock price was $7.94, a 41.70% decrease from the previous year. Institutional ownership remains high, around 91%, with a slight increase in insider holdings.

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