SCHEDULE: 22NW Fund Discloses 7.0% Stake in Stoneridge Inc.
Beneficial Ownership Report
22NW Fund, LP and its affiliates have reported a beneficial ownership of 7.0% in Stoneridge Inc., holding 1,943,508 common shares.
Summary
- 22NW Fund, LP, along with its affiliates (22NW, LP, 22NW Fund GP, LLC, 22NW GP, Inc., and Aron R. English), beneficially owns 1,943,508 common shares of Stoneridge Inc.
- This represents approximately 7.0% of Stoneridge Inc.'s outstanding common shares.
- The percentage is based on 27,846,292 shares outstanding as of April 25, 2025, as reported in Stoneridge Inc.'s Form 10-Q filed on April 30, 2025.
- The beneficial ownership was effective as of June 30, 2025.
- This filing is an Amendment No. 1 to a previously filed Schedule 13G.
Sentiment
Score: 5
Explanation: The filing is a standard beneficial ownership disclosure and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Risks
- Potential for shareholder activism related to board nominations under Rule 14a-11, as the beneficial ownership is not for changing or influencing control of the issuer, except for such activities.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Shareholder Intent/Activism | Reporting persons state their beneficial ownership is not for changing or influencing control of the issuer, except for activities solely in connection with a nomination under Rule 14a-11. | 2025-06-30 | Indicates a potential for the reporting persons to propose director candidates, which could influence board composition and strategic direction without seeking full control. |
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor's stake, potentially signaling investor confidence or interest in board representation.
Key Dates
| Date | Description |
|---|---|
| 2025-03-17 | Date of initial Schedule 13G filing by the Reporting Persons. |
| 2025-04-25 | Date of shares outstanding calculation (27,846,292 shares) used for percentage ownership. |
| 2025-04-30 | Date Stoneridge Inc. filed its quarterly report on Form 10-Q. |
| 2025-06-30 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 2025-08-13 | Date of filing/signature of this Schedule 13G Amendment No. 1. |
Keywords
Stoneridge Inc, 22NW Fund, Beneficial Ownership, Schedule 13G, Common Shares, Equity Stake, Investment
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