STRATTEC shareholders approve 2024 equity plan (550K shares) and declassify board to annual elections

STRATTEC SECURITY CORP

Shareholders approved 2024 Equity Incentive Plan reserving 550,000 shares for awards (~13.4% of outstanding).
Shareholders approved declassification of board; all directors will now stand for annual election effective immediately.
Voting results: 72.84% for charter amendment; directors elected with >2.9M votes each; say-on-pay passed 78.55%; plan approved 61.10%.
Amended by-laws adopted: annual director terms and revised advance notice periods for shareholder proposals.

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