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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Explanatory Note:
This amendment to Form 8-K amends the Company’s original Form 8-K filed with the SEC on May 12, 2021.
ITEM 1.01 | Entry into a Material Definitive Agreement. |
On May 7, 2021, Stoneridge, Inc. (the “Company”), as seller, entered into a Real Estate Purchase and Sale Agreement (the “Agreement”) with Sun Life Assurance Company of Canada, a Canadian corporation, as buyer (the “Buyer”), to sell the land and building located at 300 Dan Road, in Canton, Massachusetts for $38.2 million (subject to adjustment pursuant to the Agreement).
On May 20, 2021, the Company and the Buyer entered into an amendment to the Agreement (the “Amendment”) to extend the Buyer’s study period by one week until May 27, 2021 (the “Study Period”), which the Company and the Buyer may agree to extend further. During the Study Period, the Buyer may conduct on-site visits and reasonably necessary inspections of the property and shall have the option to terminate the Agreement. Provided that the Buyer has not terminated the Agreement, the closing of the sale of the Canton, Massachusetts land and building shall occur on the date that is ten days following the conclusion of the Study Period or if applicable, the first business day thereafter, unless otherwise agreed upon in writing by the Company and the Buyer.
The description of the Amendment does not purport to be complete and is qualified in its entirety to the full text of the Amendment which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
ITEM 9.01Financial Statements and Exhibits.
(d)Exhibits
Exhibit No. | Description |
104 | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Stoneridge, Inc. | ||
Date: May 24, 2021 | /s/ Robert R. Krakowiak | |
Robert R. Krakowiak, Executive Vice President, Chief Financial Officer and Treasurer (Principal Financial Officer) |
