Exhibit 99.2

October 5, 2009

PERSONAL & CONFIDENTIAL

John C. Corey

President and Chief Executive Officer

Stoneridge, Inc.

9400 E. Market Street

Warren, Ohio 44484

Re:           Retention Award

Dear John:

The Board of Directors of Stoneridge, Inc. (the “Company”) has decided that you should be provided with the compensation enhancement as outlined in this letter agreement.  The intent of this additional compensation is to recognize your positive contribution to the Company and to serve as a retention incentive to remain with the Company as we mutually seeks to improve Company performance.

1.            Retention Award Amount .  Your award under this letter agreement (the “Retention Award”) is the amount of $640,000.

2.            Award Conditions .  Each of the following conditions must be satisfied in order for you to be entitled to receive your Retention Award:

(a)           You shall have remained in the continuous employment of the Company  during the period from the date of this letter agreement through October 5, 2010 (the “Retention Period Date”); and

(b)      &