GAMCO Investors Files 13D/A Amendment for Strattec Security

TL;DR

GAMCO updated their Strattec stake filing. Watch for more details.

AI Summary

GAMCO Investors, Inc. et al. has filed an amendment (No. 39) to their Schedule 13D for Strattec Security Corporation, dated November 29, 2024. This filing indicates a change in beneficial ownership of Strattec's common stock by GAMCO Investors, Inc. and its affiliates. The specific details of the change in ownership percentage or the total number of shares held are not provided in this header information.

Why It Matters

This filing signals a potential shift in significant shareholding for Strattec Security Corporation, which could influence its stock price and corporate strategy.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, warranting close monitoring.

Key Players & Entities

• STRATTEC SECURITY CORP (company) — Subject Company
• GAMCO INVESTORS, INC. ET AL (company) — Filing Party
• GABELLI ASSET MANAGEMENT INC ET AL (company) — Former Company Name
• GABELLI FUNDS INC ET AL (company) — Former Company Name

FAQ

Filing Documents

• strt_39.htm (SC 13D/A) — 185KB
• 0000807249-24-000179.txt ( ) — 187KB

Security and Issuer

Item 1. Security and Issuer This Amendment No. 39 to Schedule 13D on the Common Stock of Strattec Security Corporation (the "Issuer") is being filed on behalf of the undersigned to amend the Schedule 13D, as amended (the "Schedule 13D") which was originally filed on March 27, 2009. Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D.

Identity and Background

Item 2. Identity and Background

to Schedule 13D is amended, in pertinent part, as follows

Item 2 to Schedule 13D is amended, in pertinent part, as follows: This statement is being filed by various entities which except for LICT Corporation ("LICT) and CIBL, Inc. ("CIBL"), engage in various aspects of the securities business, primarily as investment adviser to various institutional and individual clients, including registered investment companies and pension plans, and as general partner or the equivalent of various private investment partnerships or private funds and as a registered broker-dealer. Certain of these entities may also make investments for their own accounts. Mario J. Gabelli ("Mario Gabelli") is deemed to directly or indirectly control these entities through his ownership interest. The foregoing persons in the aggregate often own beneficially more than 5% of a class of equity securities of a particular issuer. Although several of the foregoing persons are treated as institutional investors for purposes of reporting their beneficial ownership on the short-form Schedule 13G, the holdings of those who do not qualify as institutional investors may exceed the 1% threshold presented for filing on Schedule 13G or implementation of their investment philosophy may from time to time require action which could be viewed as not completely passive. In order to avoid any question as to whether their beneficial ownership is being reported on the proper form and in order to provide greater investment flexibility and administrative uniformity, these persons have decided to file their beneficial ownership reports on the more detailed Schedule 13D form rather than on the short-form Schedule 13G and thereby to provide more expansive disclosure than may be necessary. (a), (b) and (c) - This statement is being filed by one or more of the following persons: GGCP, Inc. ("GGCP"), GGCP Holdings LLC ("GGCP Holdings"), GAMCO Investors, Inc. ("GBL"), Associated Capital Group, Inc. ("AC"), Gabelli Funds, LLC ("Gabelli Funds"), GAMCO Asset Management Inc. ("GAMCO"), T

Interest In Securities Of The Issuer

Item 5. Interest In Securities Of The Issuer

to Schedule 13D is amended, in pertinent part, as follows

Item 5 to Schedule 13D is amended, in pertinent part, as follows: (a) The aggregate number of Securities to which this Schedule 13D relates is 762,396 shares, representing 18.59% of the 4,101,092 shares outstanding as reported in the Issuer's most recently filed Form 10-Q for the quarterly period ended September 29, 2024. The Reporting Persons beneficially own those Securities as follows: Name Shares of Common Stock % of Class of Common GAMCO 713,896 17.41% Gabelli Funds GCIA Foundation 31,900 1,000 15,600 0.78% 0.02% 0.38% Mario Gabelli is deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons. AC, GBL and GGCP are deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons other than Mario Gabelli and the Foundation. (b) Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition of the Securities reported for it, either for its own benefit or for the benefit of its investment clients or its partners, as the case may be, except that (i) GAMCO does not have authority to vote 7,500 of the reported shares, (ii) Gabelli Funds has sole dispositive and voting power with respect to the shares of the Issuer held by the Funds so long as the aggregate voting interest of all joint filers does not exceed 25% of their total voting interest in the Issuer and, in that event, the Proxy Voting Committee of each Fund shall respectively vote that Fund's shares, (iii) at any time, the Proxy Voting Committee of each such Fund may take and exercise in its sole discretion the entire voting power with respect to the shares held by such fund under special circumstances such as regulatory considerations, and (iv) the power of Mario Gabelli, GBL, and GGCP is indirect with respect to Securities beneficially owned directly by other Reporting Persons. (c) Information with respect to all t

Contracts, Arrangements,

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

to Schedule 13D is amended, in pertinent part, as follows

Item 6 to Schedule 13D is amended, in pertinent part, as follows: As previously disclosed in Amendment No. 13 to Schedule 13D, as of October 16, 2013, the Proxy Voting Committee of the Gabelli Small Cap Growth Fund has taken and now exercises in their sole discretion the sole dispositive and voting power with respect to 253,000 shares held by the Gabelli Small Cap Growth Fund, which shares are not reflected in the aggregate number of shares to which this Schedule 13D relates. As previously disclosed in Amendment No. 31 to Schedule 13D, as of April 22, 2022, the Proxy Voting Committee of the TETON Westwood Mighty Mites Fund has taken and now exercises in their sole discretion the sole dispositive and voting power with respect to 97,060 shares held by the TETON Westwood Mighty Mites Fund, which shares are not reflected in the aggregate number of shares to which this Schedule 13D relates. 10 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: November 29, 2024 GGCP, INC. MARIO J. GABELLI GABELLI FOUNDATION, INC. By: /s/ David Goldman David Goldman Attorney-in-Fact GABELLI FUNDS, LLC By: /s/ David Goldman David Goldman General Counsel – Gabelli Funds, LLC GAMCO INVESTORS, INC. By: /s/ Peter D. Goldstein Peter D. Goldstein General Counsel - GAMCO Investors, Inc. ASSOCIATED CAPITAL GROUP, INC. GAMCO ASSET MANAGEMENT INC. GABELLI & COMPANY INVESTMENT ADVISERS, INC. By: /s/ Douglas R. Jamieson Douglas R. Jamieson President & Chief Executive Officer – Associated Capital Group, Inc. President – GAMCO Asset Management Inc. President – Gabelli & Company Investment Advisers, Inc. 11 Schedule I Information with Respect to Executive Officers and Directors of the Undersigned Schedule I to Schedule 13D is amended, in pertinent part, as follows: The following sets forth as to each of the executive officers and directors

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View this SC 13D/A filing on SEC EDGAR