secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0000950170-24-076799
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STRATTEC grants interim CEO Guillot $108k retention bonus if employed through Dec 31, 2024
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- Rolando J. Guillot enters Retention Agreement for $108,000 lump sum if continuously employed through December 31, 2024.
- Effective July 1, 2024, Guillot returns to SVP Operations and COO as Jennifer L. Slater becomes President and CEO.
- Retention payment equals 30% of Guillot's current base salary; forfeited if employment terminates before Retention Date.
- Agreement does not supersede existing employment and change-in-control agreements; employment remains at-will.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017024076799/0000950170-24-076799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017024076799/form_8-k_guillot_retenti.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-076799

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