STRATTEC SECURITY CORP Files 8-K: Material Agreement & Financial Update

TL;DR

STRATTEC 8-K filed: New material agreement, financial results out, debt obligations noted.

AI Summary

On October 27, 2025, STRATTEC SECURITY CORPORATION entered into a material definitive agreement. The company also reported on its results of operations and financial condition. This filing also details the creation of a direct financial obligation or an off-balance sheet arrangement and includes a Regulation FD Disclosure. Financial statements and exhibits are also part of this report.

Why It Matters

This 8-K filing indicates significant corporate actions, including a new material agreement and financial disclosures, which could impact investor understanding of STRATTEC's current financial health and strategic direction.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and financial obligations, which inherently carry risks that could affect the company's performance.

Key Players & Entities

• STRATTEC SECURITY CORPORATION (company) — Registrant
• October 27, 2025 (date) — Earliest event reported
• Wisconsin (location) — State of Incorporation
• 39-1804239 (other) — I.R.S. Employer Identification No.
• 3333 West Good Hope Road, Milwaukee, Wisconsin 53209 (address) — Principal Executive Offices
• 414-247-3333 (phone) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $40.0 million — t. The Credit Facility provides for a $40.0 million secured revolving credit facility with
• $5.0 million — ecured revolving credit facility with a $5.0 million sublimit for the issuance of commercial
• $165,000,000 — Consolidated Net Worth of at least (a) $165,000,000, plus (b) beginning with the fiscal yea

Filing Documents

• strt-20251027.htm (8-K) — 69KB
• strt-ex10_1.htm (EX-10.1) — 621KB
• strt-ex99_1.htm (EX-99.1) — 851KB
• strt-ex99_2.htm (EX-99.2) — 14KB
• img57970978_0.jpg (GRAPHIC) — 43KB
• strt-ex99_2s1.jpg (GRAPHIC) — 210KB
• strt-ex99_2s2.jpg (GRAPHIC) — 679KB
• strt-ex99_2s3.jpg (GRAPHIC) — 407KB
• strt-ex99_2s4.jpg (GRAPHIC) — 406KB
• strt-ex99_2s5.jpg (GRAPHIC) — 306KB
• strt-ex99_2s6.jpg (GRAPHIC) — 378KB
• strt-ex99_2s7.jpg (GRAPHIC) — 362KB
• strt-ex99_2s8.jpg (GRAPHIC) — 447KB
• strt-ex99_2s10.jpg (GRAPHIC) — 159KB
• gfx57970978_0.gif (GRAPHIC) — 0KB
• strt-ex99_2s9.jpg (GRAPHIC) — 352KB
• strt-ex99_2s11.jpg (GRAPHIC) — 455KB
• strt-ex99_2s12.jpg (GRAPHIC) — 383KB
• gfx139662561_0.jpg (GRAPHIC) — 1KB
• strt-ex99_2s13.jpg (GRAPHIC) — 201KB
• 0001193125-25-258802.txt ( ) — 8374KB
• strt-20251027.xsd (EX-101.SCH) — 26KB
• strt-20251027_htm.xml (XML) — 4KB

01

Item 1.01 Entry into a Material Definitive Agreement. On October 27, 2025, Strattec Security Corporation (the " Company ") entered into an amended and restated credit agreement (the " Credit Agreement ") between the Company, as borrower, and BMO Bank N.A., as lender (the " Lender "). All capitalized terms used in this subsection and not otherwise defined in this subsection shall have the meanings given in the Credit Agreement. The Credit Facility provides for a $40.0 million secured revolving credit facility with a $5.0 million sublimit for the issuance of commercial and standby letters of credit (the " Credit Facility "). Proceeds of the loans under the Credit Facility may be used (a) to refinance outstanding Indebtedness, (b) for ordinary working capital purposes, (c) for capital expenditures and (d) for other lawful corporate purposes. Borrowings under the Credit Facility bear interest at a rate per annum equal to, at the Company's option, (a) one-, three-, or six-month Term SOFR plus 150.0 basis points, or (b) the Adjusted Base Rate. Subject to certain conditions, the Company may borrow, prepay and reborrow amounts under the Credit Facility at any time during the term thereof and may reduce the revolving loan commitments, in whole or in part, without penalty or premium. The Company is required to pay, on a quarterly basis, a commitment fee based on amounts committed but unused under the Credit Facility at a rate equal to 17.5 basis points per annum. The Company is also obligated to pay certain customary letter of credit fees. The Company's obligations under the Credit Facility are guaranteed by the Company's wholly owned subsidiary, Strattec Power Access LLC, and other wholly owned subsidiaries required to join from time to time as guarantors thereunder (collectively, the " Guarantors "), and secured by a first-priority security interest in substantially all of the personal property of the Company and the Guarantors, subject to certain customary excl

02

Item 2.02 Results of Operations and Financial Condition . On October 30, 2025, the Company issued a press release (the " Press Release ") announcing results for the fiscal first quarter ended September 28, 2025. A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K. Also on October 30, 2025, the Company first provided investors with a supplemental presentation regarding fiscal first quarter earnings and other current financial information, attached as Exhibit 99.2 hereto and incorporated by reference herein (the " Investor Presentation "). Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 2.02, Exhibit 99.1 and Exhibit 99.2 is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 , as amended (the " Exchange Act "), or otherwise subject to the liability of that section. Furthermore, the information in this Item 2.02, Exhibit 99.1 and Exhibit 99.2 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933 , as amended (the " Securities Act "), except as may be expressly set forth by specific reference in such filing.

03

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under "Item 1.01 Entry into a Material Definitive Agreement" is hereby incorporated by reference into this Item 2.03.

01

Item 7.01 Regulation FD Disclosure. As described in "Item 2.02 Results of Operations and Financial Condition" above, on October 30, 2025, the Company issued a Press Release announcing earnings results for the fiscal first quarter ended September 28, 2025 and an Investor Presentation containing supplemental fiscal first quarter earnings and other current financial information. The Press Release and Investor Presentation issued in connection with the announcement are attached as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K. Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 7.01, Exhibit 99.1 and Exhibit 99.2 is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Exchange Act , or otherwise subject to the liability of that section. Furthermore, the information in this Item 7.01, Exhibit 99.1 and Exhibit 99.2 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act , except as may be expressly set forth by specific reference in such filing.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description 10.1 Amended & Restated Credit Agreement 99.1 Press Release of Strattec Security Corporation, issued October 30, 2025 99.2 Investor Presentation 104 104 – 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/ Matthew P. Pauli Matthew P. Pauli, Senior Vice President and Chief Financial Officer Date: October 30, 2025

View Full Filing

View this 8-K filing on SEC EDGAR