---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-116723"
form_type: "8-K"
ticker: "STRT"
cik: "0000933034"
company_name: "STRATTEC SECURITY CORP"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T11:20:44.904692+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-116723
- form_type: 8-K
- ticker: STRT
- cik: 0000933034
- company_name: STRATTEC SECURITY CORP
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933034/000095017024116723/0000950170-24-116723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933034/000095017024116723/strt-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-116723
- JSON: https://secwatch.observer/filing/0000950170-24-116723.json
- Plain text: https://secwatch.observer/filing/0000950170-24-116723.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.