STRATTEC SECURITY CORP Announces Board and Executive Changes
Ticker: STRT · Form: 8-K · Filed: Sep 3, 2024 · CIK: 933034
| Field | Detail |
|---|---|
| Company | Strattec Security Corp (STRT) |
| Form Type | 8-K |
| Filed Date | Sep 3, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, governance, compensation
TL;DR
STRATTEC SECURITY CORP reshuffled its board and exec comp. Big changes ahead?
AI Summary
On September 3, 2024, STRATTEC SECURITY CORP filed an 8-K report detailing changes in its board of directors and executive compensation. The filing indicates the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance issues that may pose risks to the company's future performance.
Key Players & Entities
- STRATTEC SECURITY CORP (company) — Registrant
- September 3, 2024 (date) — Date of report
FAQ
What specific roles have seen departures of officers at STRATTEC SECURITY CORP?
The filing indicates the departure of certain officers, but does not specify the exact roles in this summary.
Who are the newly elected directors at STRATTEC SECURITY CORP?
The filing states the election of directors but does not name them in this summary.
What is the nature of the changes in compensatory arrangements for STRATTEC SECURITY CORP officers?
The filing mentions updates to compensatory arrangements for certain officers, but the specifics are not detailed in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on September 3, 2024.
What is STRATTEC SECURITY CORP's principal executive office address?
STRATTEC SECURITY CORP's principal executive offices are located at 3333 West Good Hope Road, Milwaukee, Wisconsin 53209.
Filing Stats: 429 words · 2 min read · ~1 pages · Grade level 12.6 · Accepted 2024-09-03 16:00:02
Filing Documents
- strt-20240903.htm (8-K) — 36KB
- 0000950170-24-102784.txt ( ) — 37KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 3, 2024, STRATTEC SECURITY CORPORATION (the “Company”) announced the departure from the Company of Al-Waleed H. Hamdan, Vice President – Global Sales and Product Management and Chief Commercial Officer, effective October 3, 2024.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. STRATTEC SECURITY CORPORATION By: /s/ Dennis P. Bowe Dennis P. Bowe, Vice President and Chief Financial Officer Date: September 3, 2024