STRATTEC SECURITY CORP: Board & Officer Changes Reported
Ticker: STRT · Form: 8-K · Filed: Oct 31, 2024 · CIK: 933034
| Field | Detail |
|---|---|
| Company | Strattec Security Corp (STRT) |
| Form Type | 8-K |
| Filed Date | Oct 31, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
TL;DR
STRATTEC just filed an 8-K: new board members and officers appointed, plus compensation details. Watch for strategy shifts.
AI Summary
On October 25, 2024, STRATTEC SECURITY CORPORATION filed an 8-K report detailing changes in its board of directors and executive officers. The filing includes information on the election of new directors and the appointment of certain officers, along with details on their compensatory arrangements. The report also covers financial statements and exhibits.
Why It Matters
Changes in a company's leadership and compensation structures can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and board composition can introduce uncertainty regarding future strategic direction and operational stability.
Key Players & Entities
- STRATTEC SECURITY CORPORATION (company) — Registrant
- October 25, 2024 (date) — Date of earliest event reported
- Wisconsin (location) — State of Incorporation
- 3333 West Good Hope Road, Milwaukee, Wisconsin 53209 (address) — Principal Executive Offices
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors, but specific names and the exact number of changes are detailed within the report's exhibits.
Who were the newly appointed officers?
The report mentions the appointment of certain officers and their compensatory arrangements, with specific details to be found in the accompanying exhibits.
What is the nature of the compensatory arrangements for the new officers?
The filing states that details regarding the compensatory arrangements of certain officers are included, likely within the attached exhibits or disclosure documents.
Are there any financial statements included with this filing?
Yes, the filing explicitly states that 'Financial Statements and Exhibits' are part of the report.
What is the primary business of STRATTEC SECURITY CORPORATION?
STRATTEC SECURITY CORPORATION is in the MOTOR VEHICLE PARTS & ACCESSORIES industry, as indicated by its SIC code [3714].
Filing Stats: 789 words · 3 min read · ~3 pages · Grade level 12.5 · Accepted 2024-10-31 17:00:08
Filing Documents
- strt-20241025.htm (8-K) — 51KB
- strt-ex10_1.htm (EX-10.1) — 33KB
- strt-ex10_2.htm (EX-10.2) — 34KB
- strt-ex10_3.htm (EX-10.3) — 34KB
- strt-ex10_4.htm (EX-10.4) — 38KB
- 0000950170-24-119619.txt ( ) — 326KB
- strt-20241025.xsd (EX-101.SCH) — 25KB
- strt-20241025_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 10.1 Restricted Stock Award Agreement between the Company and Jennifer L. Slater, dated as of October 25, 2024 10.2 Restricted Stock Award Agreement between the Company and Jennifer L. Slater, dated as of October 25, 2024 10.3 Restricted Stock Award Agreement between the Company and Jennifer L. Slater, dated as of October 25, 2024 10.4 Performance Restricted Stock Unit Award Agreement between the Company and Jennifer L. Slater, dated as of October 25, 2024 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: October 31, 2024