SCHEDULE 13G/A: Cooper Creek Partners Management Discloses 5.2% Passive Stake in Stoneridge Inc.

Cooper Creek Partners Management LLC has filed an amended Schedule 13G, revealing a 5.2% beneficial ownership stake in Stoneridge Inc.'s common stock as of December 31, 2024.

Summary

• Cooper Creek Partners Management LLC reported beneficial ownership of 1,442,314 shares of Stoneridge Inc. common stock.
• This represents 5.2% of the total class of securities.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement.
• Cooper Creek Partners Management LLC holds sole voting and sole dispositive power over all 1,442,314 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, with the exception of activities solely in connection with a nomination under Rule 240.14a-11.

Sentiment

Score: 5

Explanation: Neutral. This is a factual disclosure of beneficial ownership and does not contain positive or negative financial or operational news.

Future Outlook

No specific forward-looking statements or guidance were provided in this beneficial ownership disclosure.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

This filing indicates an institutional investor, Cooper Creek Partners Management LLC, has taken a significant passive stake in Stoneridge Inc., an automotive and commercial vehicle technology supplier. Such filings are common for investment firms managing portfolios. The mention of potential nomination activities under Rule 14a-11 suggests a possibility of shareholder engagement, which is a growing trend among institutional investors seeking to influence corporate governance or strategy without seeking outright control.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, which could be viewed positively as a vote of confidence or as a precursor to potential shareholder activism, especially given the mention of Rule 14a-11 nominations.

Key Dates

Keywords

Stoneridge Inc., Cooper Creek Partners Management LLC, Schedule 13G, Beneficial Ownership, Common Stock, SRI, Investment Adviser, Passive Investment, SEC Filing