EX-10.1 Summary of Executive Compensation
EXHIBIT 10.1
SUMMARY OF EXECUTIVE COMPENSATION
On February 10, 2005, the Compensation Committee of the Board of Directors of Stoneridge, Inc. (the “Company”) approved the annual base salaries (for fiscal year 2005) of the Company’s executive officers after a review of performance and competitive market data. The following table sets forth the annual base salary levels of the Company’s Named Executive Officers (which officers were determined by reference to the Company’s proxy statement, dated March 11, 2005) and of the Company’s Chief Financial Officer (who commenced employment with the Company in September 2004) paid in 2004 and to be paid in 2005.
Also, on February 10, 2005, the Compensation Committee authorized the payment of annual incentive (i.e., bonus) awards to each of the Company’s executive for the year ended December 31, 2004. The bonuses paid to the executive officers are also set forth below.
| Base Salary | Bonus | |||||
| Name and Position | Year | ($) | (S) | |||
Gerald V. Pisani, | 2004 | 417,500 | 300,000 | |||
President and Chief Executive Officer | 2005 | 510,000 | ||||
Edward F. Mosel, | 2004 | 249,917 | 160,000 | |||
Executive Vice President and Chief Operating Officer | 2005 | 330,000 | ||||
Joseph M. Mallak, | 2004 | 72,917 | 90,000 | |||
Vice President and Chief Financial Officer | 2005 | 270,000 | ||||
Thomas A. Beaver, | 2004 | 236,000 | 115,000 | |||
Vice President of Global Sales and System Engineering | 2005 | 250,000 | ||||
Mark J. Tervalon, | 2004 | 202,974 | 120,000 | |||
Vice President and General Manager Stoneridge Electronics Group | 2005 | 235,000 | ||||
D.M. Draime | 2004 | 200,000 | 150,000 | |||
Chairman of the Board of Directors | 2005 | 200,000 |
