Strattec Security CORP 8-K filings

Strattec Security Corporation has launched a new $40 million share repurchase program, replacing its long-standing 1996 authorization.

Strattec reported a 4.5% decline in Q3 fiscal 2026 revenue to $137.6 million, citing lower production volumes and EV program cancellations while maintaining a strong $107 million cash position.

Strattec Security Corporation's joint venture, ADAC-STRATTEC, LLC, has entered into a new credit agreement, terminating the company's previous guarantee obligations.

Strattec Security Corporation reported robust second-quarter fiscal 2026 results, with net income surging to $4.9 million and sales growing 6% to $137.5 million, driven by pricing and new programs.

Strattec Security Corporation reported strong first-quarter fiscal 2026 financial results, driven by operational improvements and a new $40 million revolving credit facility extending maturity to 2028.

STRATTEC Security Corporation shareholders approved all proposals at their 2025 Annual Meeting, including the election of six directors, ratification of Deloitte & Touche LLP as auditors, and advisory approval of executive compensation.

Strattec Security Corporation reported significantly improved fiscal 2025 results, driven by expanded gross margins and strong cash flow from operations, despite near-term market uncertainties.

STRATTEC Security Corporation announces a significant increase in net income and cash from operations for the third quarter of fiscal year 2025, driven by cost reduction efforts and strategic pricing.

Rolando J. Guillot, STRATTEC Security Corporation's Senior Vice President Operations and Chief Operating Officer, will retire on September 30, 2025, after 35 years with the company.

STRATTEC Security Corporation announced positive financial results for the second quarter of fiscal year 2025, with revenue growth and improved profitability.

STRATTEC Security Corporation announced it will list its Milwaukee facility for sale to explore upgraded operations and reduce manufacturing shifts from three to two, impacting approximately 20 direct labor roles.

STRATTEC Security Corporation has appointed Matthew Pauli as Senior Vice President and Chief Financial Officer, effective November 13, 2024, succeeding Dennis Bowe who will transition to an advisory role.

STRATTEC Security Corporation announced its fiscal first quarter 2025 results, highlighting revenue growth, improved cash flow, and ongoing strategic initiatives.

STRATTEC Security Corporation granted its CEO, Jennifer L. Slater, long-term equity awards including restricted stock and performance-based stock units under the newly approved 2024 Equity Incentive Plan.

STRATTEC Security Corporation shareholders approved a new equity incentive plan and amendments to declassify the Board of Directors at the 2024 Annual Meeting.

STRATTEC Security Corporation presented at the Sidoti Small-Cap Virtual Conference, highlighting recent leadership changes, strategic priorities, and financial performance improvements.

STRATTEC Security Corporation has announced the departure of Al-Waleed H. Hamdan, Vice President, Global Sales and Product Management and Chief Commercial Officer, effective October 3, 2024.

STRATTEC Security Corporation has updated its bylaws to revise advance notice periods for shareholder proposals and director nominations, and to introduce proxy access for certain shareholder nominations.

STRATTEC Security Corporation announced a significant improvement in earnings per share for the fourth quarter and full year of fiscal 2024, driven by price increases and new product sales.

STRATTEC Security Corporation has entered into a retention agreement with Roland J. Guillot, providing a payment if he remains employed through the end of 2024.

STRATTEC Security Corporation has named Jennifer L. Slater as its new President and Chief Executive Officer, effective July 1, 2024.

ADAC-STRATTEC, a subsidiary of STRATTEC SECURITY CORPORATION, has amended its credit agreement, extending the maturity date to August 1, 2026, and adjusting several financial terms.

STRATTEC Security Corporation has adopted a new compensation program for non-employee directors, including an annual retainer of $170,000 and additional retainers for committee chairs.

STRATTEC Security Corporation announced a profitable third quarter with earnings per share of $0.37, a significant improvement from a $0.57 loss in the same period last year.

STRATTEC Security Corporation announced a profitable second quarter with earnings per share of $0.26, a significant improvement from a $0.47 loss in the same period last year, primarily due to customer pricing increases.