Stoneridge, Inc. (NYSE:SRI) Q3 2021 Results Earnings Conference Call October 28, 2021 9:00 AM ET Company Participants Kelly Harvey - Director of Investor Relations Jon DeGaynor - President, Chief Executive Officer Matt Horvath - Chief Financial Officer, Treasurer Conference Call Participants Justin Long - Stephens Scott Stember - CL King Gary Prestopino - Barrington Research Operator Good day and thank you for standing by. Welcome to the Stoneridge third quarter 2021 conference call. At this time, all parti ...

Q3 2021 Results October 28, 2021 Forward-Looking Statements 2 Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the impact of COVID-19, or other future pandemics, on the gl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2021 Commission file number: 001-13337 STONERIDGE INC (Exact name of registrant as specified in its charter) Ohio 34-1598949 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 39675 MacKenzie Drive, Suite 400, Novi, Michigan 48377 (Address ...

Stoneridge, Inc. (NYSE:SRI) Q2 2021 Earnings Conference Call August 5, 2021 9:00 AM ET Company Participants Kelly Harvey - Director of Investor Relations Jon DeGaynor - President and Chief Executive Officer Bob Krakowiak - Chief Financial Officer Conference Call Participants Gary Prestopino - Barrington Research Justin Long - Stephens Scott Stember - CL King Operator Welcome to the Stoneridge Second Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] ...

Q2 2021 Results August 5, 2021 Forward-Looking Statements 2 Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the impact of COVID-19, or other future pandemics, on the glob ...

[PART I – FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%E2%80%93FINANCIAL%20INFORMATION) [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the three and six months ended June 30, 2021, and 2020, including balance sheets, statements of operations, comprehensive income (loss), cash flows, and shareholders' equity, along with detailed notes Condensed Consolidated Balance Sheet Highlights (Unaudited) | (in thousands) | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Total current assets** | $362,409 | $334,664 | | **Total assets** | $635,932 | $621,408 | | **Total current liabilities** | $163,480 | $146,048 | | **Total long-term liabilities** | $158,822 | $178,726 | | **Total shareholders' equity** | $313,630 | $296,634 | | **Total liabilities and shareholders' equity** | $635,932 | $621,408 | Condensed Consolidated Statements of Operations Highlights (Unaudited) | (in thousands, except per share data) | Three months ended June 30, 2021 | Three months ended June 30, 2020 | Six months ended June 30, 2021 | Six months ended June 30, 2020 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $191,334 | $99,545 | $385,129 | $282,511 | | **Operating income (loss)** | $26,684 | $(26,823) | $28,743 | $(23,164) | | **Net income (loss)** | $19,798 | $(21,734) | $19,928 | $(18,244) | | **Diluted earnings (loss) per share** | $0.72 | $(0.81) | $0.73 | $(0.67) | Condensed Consolidated Statements of Cash Flows Highlights (Unaudited) | Six months ended June 30 (in thousands) | 2021 | 2020 | | :--- | :--- | :--- | | **Net cash used for operating activities** | $(22,641) | $(6,533) | | **Net cash provided by (used for) investing activities** | $21,049 | $(17,925) | | **Net cash (used for) provided by financing activities** | $(15,543) | $29,367 | | **Net change in cash and cash equivalents** | $(18,332) | $3,009 | [Note 3: Revenue](index=12&type=section&id=Note%203%3A%20Revenue) Revenue is recognized upon transfer of control, with total net sales reaching **$385.1 million** for the six months ended June 30, 2021, across three reportable segments Net Sales by Reportable Segment (Six Months Ended June 30) | (in thousands) | 2021 | 2020 | | :--- | :--- | :--- | | Control Devices | $185,963 | $143,855 | | Electronics | $172,855 | $117,076 | | Stoneridge Brazil | $26,311 | $21,580 | | **Total net sales** | **$385,129** | **$282,511** | - Revenue recognition for OEM and Tier 1 supplier customers occurs when a customer release for a specific number of parts is received and control is transferred[33](index=33&type=chunk)[34](index=34&type=chunk) - Aftermarket revenue is recognized at a point in time, while monitoring services revenue in Brazil is recognized over the life of the contract[35](index=35&type=chunk) [Note 7: Debt](index=21&type=section&id=Note%207%3A%20Debt) As of June 30, 2021, the company had **$126.0 million** outstanding on its **$400.0 million** Revolving Credit Facility, with temporary covenant relief obtained in June 2020, alongside other short-term credit lines Debt Summary (as of June 30, 2021) | Debt Instrument | Outstanding Amount (in thousands) | Maturity | | :--- | :--- | :--- | | Revolving Credit Facility | $126,000 | June 2024 | | Stoneridge Brazil short-term obligations | $269 | November 2021 | | Sweden short-term credit line | $4 | July 2021 | | Suzhou short-term credit line | $4,182 | Aug 2021 - May 2022 | - On June 26, 2020, the company amended its Credit Facility to provide covenant relief through the quarter ending June 30, 2021, including suspending the maximum net leverage ratio and modifying the minimum interest coverage ratio calculation[65](index=65&type=chunk)[203](index=203&type=chunk) [Note 12: Business Realignment and Restructuring](index=30&type=section&id=Note%2012%3A%20Business%20Realignment%20and%20Restructuring) The company is undergoing restructuring, including exiting the PM sensor product line, closing the Canton, MA facility, and realigning its Electronics segment, incurring related charges - The company committed to exiting the PM sensor product line in May 2020, resulting in **$1.65 million** in charges for the six months ended June 30, 2021, with an additional **$1.7 million to $4.9 million** anticipated through Q4 2021[89](index=89&type=chunk)[90](index=90&type=chunk) - The Canton, MA facility closure was completed on March 31, 2020, with minimal related charges of **$13 thousand** in the first six months of 2021 compared to **$2.68 million** in the prior-year period, and no further costs expected[91](index=91&type=chunk)[92](index=92&type=chunk) - Restructuring in the Electronics segment, involving moving European Aftermarket sales and transferring a product line to China, incurred expenses of **$0.22 million** in the first six months of 2021, compared to **$1.63 million** in the prior-year period[94](index=94&type=chunk)[95](index=95&type=chunk) [Note 16: Disposals](index=38&type=section&id=Note%2016%3A%20Disposals) In 2021, the company completed two significant disposals, selling its PM sensor business for a **$0.74 million** gain and the Canton, MA facility for a **$30.7 million** net gain - The company sold its Canton, MA facility on June 17, 2021, for **$37.9 million**, resulting in net proceeds of **$35.2 million** and a gain of **$30.7 million**, recognized in the Control Devices segment[122](index=122&type=chunk)[149](index=149&type=chunk) - The company entered into an Asset Purchase Agreement to sell its PM sensor business assets for **$4.0 million**, with the sale of Gen 1 assets closing on March 8, 2021, resulting in a gain of **$740,000**[117](index=117&type=chunk)[118](index=118&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=40&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the strong Q2 2021 recovery with **92%** net sales growth and a **$30.7 million** gain from the Canton facility sale, despite ongoing semiconductor supply chain disruptions and cost pressures [COVID-19 Impact and Supply Chain Uncertainties](index=40&type=section&id=COVID-19%20Impact%20and%20Supply%20Chain%20Uncertainties) Despite market recovery, the company faces significant challenges from a worldwide semiconductor supply shortage, leading to higher costs, longer lead times, and production volatility - A surge in demand following the 2020 production slowdown has led to a worldwide semiconductor supply shortage, causing longer lead-times, higher costs, and procurement delays for other components[127](index=127&type=chunk) - The company is working with suppliers and customers to minimize impacts but expects continued adverse effects on financial condition and results from the supply chain disruptions[127](index=127&type=chunk)[144](index=144&type=chunk) [Results of Operations (Q2 2021 vs Q2 2020)](index=45&type=section&id=Results%20of%20Operations%20%28Q2%202021%20vs%20Q2%202020%29) Q2 2021 net sales surged **92.2%** to **$191.3 million**, resulting in a **$26.7 million** operating income, primarily driven by the Canton facility sale gain and higher sales volume despite supply chain costs Net Sales by Segment (Three Months Ended June 30) | Segment | 2021 (in thousands) | 2020 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Control Devices | $86,345 | $47,005 | 83.7% | | Electronics | $90,085 | $45,530 | 97.9% | | Stoneridge Brazil | $14,904 | $7,010 | 112.6% | | **Total** | **$191,334** | **$99,545** | **92.2%** | - Operating income for the Control Devices segment increased by **$46.7 million**, primarily due to the **$30.7 million** gain on the sale of the Canton Facility and higher gross margin from increased sales[169](index=169&type=chunk)[170](index=170&type=chunk) - Gross margin improved to **22.4%** in Q2 2021 from **13.3%** in Q2 2020, driven by leverage of fixed costs on higher sales, despite material costs increasing as a percentage of sales due to supply chain issues[163](index=163&type=chunk) [Results of Operations (Six Months 2021 vs 2020)](index=51&type=section&id=Results%20of%20Operations%20%28Six%20Months%202021%20vs%202020%29) For the six months ended June 30, 2021, net sales increased **36.3%** to **$385.1 million**, with operating income reaching **$28.7 million** due to asset disposals and higher sales volumes Net Sales by Segment (Six Months Ended June 30) | Segment | 2021 (in thousands) | 2020 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Control Devices | $185,963 | $143,855 | 29.3% | | Electronics | $172,855 | $117,076 | 47.6% | | Stoneridge Brazil | $26,311 | $21,580 | 21.9% | | **Total** | **$385,129** | **$282,511** | **36.3%** | - Operating income for the Control Devices segment increased by **$49.6 million**, driven by the **$30.7 million** gain on the Canton facility sale, a **$0.7 million** gain on the PM sensor business disposal, and higher gross margin[189](index=189&type=chunk)[190](index=190&type=chunk) [Liquidity and Capital Resources](index=56&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2021, the company held **$55.6 million** in cash, with **$126.0 million** outstanding on its credit facility, and positive investing cash flow driven by asset sales, maintaining over **$327.9 million** in total liquidity Summary of Cash Flows (Six Months Ended June 30) | (in thousands) | 2021 | 2020 | | :--- | :--- | :--- | | Net cash used for operating activities | $(22,641) | $(6,533) | | Net cash provided by (used for) investing activities | $21,049 | $(17,925) | | Net cash (used for) provided by financing activities | $(15,543) | $29,367 | - The company had **$126.0 million** outstanding on its **$400.0 million** credit facility as of June 30, 2021, with an amendment providing covenant relief through Q2 2021, and the company was in compliance with all covenants[202](index=202&type=chunk)[205](index=205&type=chunk) - The company's share repurchase program, authorized in February 2020 for **$50.0 million**, remains temporarily suspended as of June 30, 2021[213](index=213&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=60&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) There have been no material changes to the company's market risk disclosures since its 2020 Form 10-K - There have been no material changes to the Company's market risk disclosures since its 2020 Form 10-K[222](index=222&type=chunk) [Controls and Procedures](index=60&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2021, with no material changes to internal control over financial reporting during the quarter - Based on an evaluation as of June 30, 2021, the company's management, including the CEO and CFO, concluded that disclosure controls and procedures were effective[223](index=223&type=chunk) - There were no material changes in the company's internal control over financial reporting during the second quarter of 2021[224](index=224&type=chunk) [PART II – OTHER INFORMATION](index=61&type=section&id=PART%20II%E2%80%93OTHER%20INFORMATION) [Legal Proceedings](index=61&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal actions and claims, including specific contingencies in Stoneridge Brazil, but does not anticipate a material adverse effect on its financial position - The company is subject to various legal actions but does not expect them to have a material adverse effect on its business or financial results[226](index=226&type=chunk) - Specific contingencies exist in the Stoneridge Brazil segment, for which losses are deemed reasonably possible but not probable, and the company is also subject to potential product liability, warranty, and recall claims[226](index=226&type=chunk) [Risk Factors](index=61&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors disclosed in the Company's 2020 Form 10-K - There have been no material changes to the risk factors disclosed in the Company's 2020 Form 10-K[227](index=227&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=61&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q2 2021, the company did not repurchase shares under its program, with the only activity being 75 common shares delivered by employees for withholding taxes Common Share Repurchases (Q2 2021) | Period | Total number of shares purchased | Average price paid per share | | :--- | :--- | :--- | | 4/1/21-4/30/21 | 75 | $33.64 | | 5/1/21-5/31/21 | - | - | | 6/1/21-6/30/21 | - | - | | **Total** | **75** | | - The 75 shares purchased were delivered by employees as payment for withholding taxes due upon vesting of performance and share unit awards[228](index=228&type=chunk) [Defaults Upon Senior Securities](index=61&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) None - None[230](index=230&type=chunk) [Mine Safety Disclosures](index=61&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) None - None[231](index=231&type=chunk) [Other Information](index=61&type=section&id=Item%205.%20Other%20Information) None - None[232](index=232&type=chunk) [Exhibits](index=62&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including amendments to the Canton facility sale agreement and CEO/CFO certifications - Exhibits filed include: - Amendments to the Real Estate Purchase and Sale Agreement (Exhibits 10.4, 10.5) - CEO and CFO certifications pursuant to Sarbanes-Oxley Sections 302 and 906 (Exhibits 31.1, 31.2, 32.1, 32.2) - XBRL financial data files (Exhibit 101 series)[233](index=233&type=chunk)

Stoneridge, Inc. (NYSE:SRI) Q1 2021 Results Conference Call April 29, 2021 9:00 AM ET Company Participants Kelly Harvey - Director of Investor Relations Jon DeGaynor - President and CEO Bob Krakowiak - CFO Conference Call Participants George Sellers - Stephens Inc. Scott Stember - CL King Gary Prestopino - Barrington Operator Good day and thank you for standing by. Welcome to the Stoneridge First Quarter 2021 Conference Call. At this time, all participants are in a listen-only mode. After speakers' presenta ...

Q1 2021 Results April 29, 2021 Forward-Looking Statements 2 Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the impact of COVID-19, or other future pandemics, on the glob ...

[PART I – FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%E2%80%93FINANCIAL%20INFORMATION) [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) Unaudited statements show stable assets at $621.5 million, a significant drop in net income, and increased cash used for operations - The financial statements are unaudited and prepared according to SEC rules for interim reporting and should be read with the 2020 Form 10-K[21](index=21&type=chunk) [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets remained stable at $621.5 million, with a decrease in cash and an increase in borrowings on the revolving credit facility Condensed Consolidated Balance Sheets (in thousands) | | March 31, 2021 (Unaudited) | December 31, 2020 | | :--- | :--- | :--- | | **Total current assets** | $343,106 | $334,664 | | **Total long-term assets** | $278,371 | $286,744 | | **Total assets** | **$621,477** | **$621,408** | | **Total current liabilities** | $144,671 | $146,048 | | **Total long-term liabilities** | $192,134 | $178,726 | | **Total shareholders' equity** | $284,672 | $296,634 | | **Total liabilities and shareholders' equity** | **$621,477** | **$621,408** | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Net sales increased to $193.8 million, but net income dropped sharply to $0.13 million due to higher costs and expenses Condensed Consolidated Statements of Operations (in thousands, except per share data) | Three months ended March 31 | 2021 | 2020 | | :--- | :--- | :--- | | **Net sales** | **$193,795** | **$182,966** | | Cost of goods sold | $147,709 | $137,569 | | Selling, general and administrative | $29,376 | $29,503 | | Design and development | $14,651 | $12,235 | | **Operating income** | **$2,059** | **$3,659** | | Income before income taxes | $549 | $4,703 | | **Net income** | **$130** | **$3,490** | | **Diluted EPS** | **$0.00** | **$0.13** | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used for operating activities increased significantly to $17.1 million, driven by changes in working capital Summary of Cash Flows (in thousands) | Three months ended March 31 | 2021 | 2020 | | :--- | :--- | :--- | | **Net cash used for operating activities** | **$(17,066)** | **$(6,562)** | | Net cash used for investing activities | $(6,912) | $(7,132) | | Net cash provided by financing activities | $12,824 | $28,199 | | **Net change in cash and cash equivalents** | **$(13,411)** | **$11,902** | [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail revenue disaggregation, debt facilities, restructuring activities, and the sale of the PM sensor business assets - The company has three reportable segments: **Control Devices, Electronics, and Stoneridge Brazil**[30](index=30&type=chunk)[31](index=31&type=chunk)[32](index=32&type=chunk) - On March 8, 2021, the company entered into an Asset Purchase Agreement to sell its particulate matter (PM) sensor business assets for **$4.0 million**[112](index=112&type=chunk) - The company is undergoing several restructuring actions, including exiting the PM sensor product line and reorganizing its European Aftermarket business[90](index=90&type=chunk)[91](index=91&type=chunk)[93](index=93&type=chunk) Net Sales by Reportable Segment (in thousands) | Three months ended March 31 | 2021 | 2020 | | :--- | :--- | :--- | | Control Devices | $99,618 | $96,850 | | Electronics | $82,770 | $71,546 | | Stoneridge Brazil | $11,407 | $14,570 | | **Total net sales** | **$193,795** | **$182,966** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses COVID-19 impacts, a 5.9% sales increase offset by lower margins, and adequate liquidity - The COVID-19 pandemic continues to disrupt the business, with a **worldwide semiconductor supply shortage** leading to higher costs and procurement delays[118](index=118&type=chunk)[119](index=119&type=chunk) - The company amended its credit facility for covenant relief and maintained strong liquidity with **$60.5 million in cash** and **$244.8 million in undrawn credit**[120](index=120&type=chunk) - The company strategically exited its Control Devices particulate matter (PM) sensor product line, selling the assets in Q1 2021[140](index=140&type=chunk)[139](index=139&type=chunk) [Results of Operations](index=41&type=section&id=Results%20of%20Operations) Net sales increased by 5.9% to $193.8 million, while operating income fell 43.7% due to lower gross margins and higher D&D expenses - Gross margin fell to **23.8% from 24.8%** in the prior year, primarily due to higher material costs from supply chain disruptions[153](index=153&type=chunk) - Design and Development (D&D) costs increased by **$2.4 million**, mainly in the Electronics segment, for new business programs[156](index=156&type=chunk) Net Sales Change by Segment (Q1 2021 vs Q1 2020) | Segment | Change ($M) | Change (%) | | :--- | :--- | :--- | | Control Devices | +$2.8 | +2.9% | | Electronics | +$11.2 | +15.7% | | Stoneridge Brazil | -$3.2 | -21.7% | | **Total** | **+$10.8** | **+5.9%** | Operating Income Change by Segment (in thousands) | Segment | Q1 2021 | Q1 2020 | Change ($) | | :--- | :--- | :--- | :--- | | Control Devices | $10,165 | $7,322 | +$2,843 | | Electronics | $(873) | $2,872 | -$3,745 | | Stoneridge Brazil | $(48) | $859 | -$907 | | **Total Operating Income** | **$2,059** | **$3,659** | **-$1,600** | [Liquidity and Capital Resources](index=44&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains solid liquidity with $60.5 million in cash and $244.8 million available under its credit facility - As of March 31, 2021, the company had total liquidity of over **$305.3 million**, including cash and undrawn credit commitments[182](index=182&type=chunk) - The company's credit facility has an outstanding balance of **$153.5 million** and an amendment provides covenant relief through Q2 2021[167](index=167&type=chunk)[168](index=168&type=chunk) - The company temporarily suspended its **$50.0 million share repurchase program** in April 2020 in response to COVID-19 uncertainty[179](index=179&type=chunk)[144](index=144&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=50&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) There have been no material changes to the company's market risk disclosures from its 2020 Form 10-K - There have been **no material changes** to the Company's market risk disclosures from those previously presented in the 2020 Form 10-K[189](index=189&type=chunk) [Controls and Procedures](index=50&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls - Based on an evaluation as of March 31, 2021, the Principal Executive Officer and Principal Financial Officer concluded that the Company's disclosure controls and procedures were **effective**[190](index=190&type=chunk) - **No changes** occurred in the Company's internal control over financial reporting during the quarter that materially affected these controls[191](index=191&type=chunk) [PART II – OTHER INFORMATION](index=51&type=section&id=PART%20II%E2%80%93OTHER%20INFORMATION) [Legal Proceedings](index=51&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal actions not expected to have a material adverse effect - The company is subject to various legal actions incidental to its business but does **not expect them to have a material adverse effect** on its financial position[192](index=192&type=chunk) - The Stoneridge Brazil subsidiary has ongoing civil, labor, and tax contingencies for which loss is considered **reasonably possible but not probable**[83](index=83&type=chunk)[192](index=192&type=chunk) [Risk Factors](index=51&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the Company's 2020 Form 10-K - There have been **no material changes** with respect to risk factors previously disclosed in the Company's 2020 Form 10-K[193](index=193&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=51&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No shares were repurchased under the public program, while 67,475 shares were acquired from employees for tax withholding - During Q1 2021, **67,475 Common Shares** were delivered by employees to the company as payment for withholding taxes due upon vesting of awards[193](index=193&type=chunk) Common Share Repurchases (Q1 2021) | Period | Total number of shares purchased | Average price paid per share | | :--- | :--- | :--- | | 1/1/21-1/31/21 | - | $ - | | 2/1/21-2/28/21 | 8 | $36.46 | | 3/1/21-3/31/21 | 67,467 | $34.78 | | **Total** | **67,475** | | [Defaults Upon Senior Securities](index=51&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) None - None[195](index=195&type=chunk) [Mine Safety Disclosures](index=51&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) None - None[196](index=196&type=chunk) [Other Information](index=51&type=section&id=Item%205.%20Other%20Information) None - None[197](index=197&type=chunk) [Exhibits](index=52&type=section&id=Item%206.%20Exhibits) This section lists various agreements and required CEO/CFO certifications filed with the Form 10-Q - Exhibits filed include various grant agreements for the Directors' Restricted Shares Plan and Long-Term Incentive Plan for 2021[198](index=198&type=chunk) - **Certifications by the CEO and CFO** pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act of 2002 are included as exhibits[198](index=198&type=chunk)

Stoneridge, Inc. (NYSE:SRI) Q4 2020 Earnings Conference Call February 25, 2021 9:00 AM ET Company Participants Matt Horvath - Executive Director of IR and Corporate Strategy Jon DeGaynor - President and CEO Bob Krakowiak - CFO Conference Call Participants Scott Stember - CL King Justin Long - Stephens, Inc Operator Ladies and gentlemen, thank you for standing by, and welcome to the Stoneridge Fourth Quarter 2020 Conference Call. [Operator Instructions] I would now like to turn the conference over to your ho ...