secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000950170-24-124505
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strattec appoints Matthew Pauli as CFO effective Nov 13; Bowe stays as advisor
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- Matthew Pauli named SVP & CFO; previously Executive Advisor & CFO of CentroMotion.
- Pauli joins from CentroMotion; 24 years of finance experience including Enerpac and Ernst & Young.
- Dennis Bowe, current CFO, remains in advisory role through February 7, 2025 to aid transition.
- Pauli's base salary set at $470,000; sign-on equity grant of $200,000 in restricted stock.
- Eligible for annual bonus target of 60% base salary in FY2025; equity plan participation from FY2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000095017024124505/0000950170-24-124505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000095017024124505/strt-20241111.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-124505

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer