secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000950170-24-116723
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017024116723/0000950170-24-116723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017024116723/strt-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-116723

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