Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
STRATTEC SECURITY CORP: Amendment to Articles of Incorporation to eliminate classified board of directors, making all directors elected annually (effective 2024-10-23).
- Change
- charter amendment
- Effective
- 2024-10-23
Exact text from the filing
On October 23, 2024, the shareholders of the Company approved and the Board of Directors adopted an Amendment to the Amended and Restated Articles of Incorporation which eliminates the classification of the Board of Directors so that each director will stand for election annually.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
STRATTEC SECURITY CORP: Adoption of Amended and Restated By-Laws revising advance notice periods for shareholder proposals and nominations, and conforming director election terms to annual elections (effective 2024-10-23).
- Change
- bylaw amendment
- Effective
- 2024-10-23
Exact text from the filing
On October 23, 2024, the Board of Directors adopted Amended and Restated By-Laws which (i) incorporated certain amendments to the Company’s By-Law as adopted by the Board of Directors on August 21, 2024, which amended Section 2.01 of Article II of the By-Laws to revise the periods during which advance notice of certain shareholder proposals and certain shareholder nominations of directors must be provided in connection with annual and certain special meetings of shareholders, and (ii) revised Section 3.02 to provide for annual terms of elections of directors.
View on SEC.gov