Stoneridge Announces Pricing of Secondary Offering at $10.75 per Share

Stoneridge, Inc. SRI announced today that shareholders affiliated with the Draime family have priced an underwritten secondary public offering of 8,846,335 Company common shares at $10.75 per share, less underwriting commissions and discounts. In addition, the selling shareholders have granted the underwriter an over-allotment option purchase of an additional 1,326,950 common shares. The Company will not receive any proceeds from the offering. Credit Suisse is the sole underwriter of the offering on behalf of the selling shareholders.