secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2024-08-23T23:59:59+00:00
Accession:  0000950170-24-100242
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.03, 5.08, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STRATTEC adopts proxy access bylaw; shareholders with 3%+ for 3 years can nominate directors
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- Board adopted bylaw amendments on August 21, 2024, adding proxy access for director nominations.
- Eligible shareholders or groups of up to 20 owning 3%+ of common stock for at least 3 years may nominate candidates.
- Maximum shareholder nominees per meeting is the greater of 2 or 20% of board seats (rounded down).
- Advance notice deadlines revised: shareholder proposals and nominations due 90-120 days before the prior year's annual meeting anniversary.
- New provisions also require detailed disclosures on derivatives, hedging, and voting agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017024100242/0000950170-24-100242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017024100242/strt-20240821.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-100242

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