secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0000950170-24-073338
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STRATTEC appoints Jennifer Slater as President and CEO effective July 1, 2024
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- Ms. Slater, age 49, joins from Sensata Technologies (EVP & GM, Performance Sensing) with over 25 years auto industry experience.
- Base salary of $650k, sign-on cash bonus of $550k, and a $300k retention bonus payable in two equal installments.
- Equity grants: $1M sign-on restricted stock vesting over 3 years; $1.3M initial annual grant for FY2025 and at least $1.3M annually thereafter.
- Slater also appointed to the Board effective July 1 and will be nominated for re-election at the 2024 Annual Meeting on October 8, 2024.
- She currently serves on the board of Valvoline Inc. (NYSE: VVV) and previously held senior roles at Clarios and Johnson Controls.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017024073338/0000950170-24-073338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017024073338/form_8-k_ceo_appointment.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-073338

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