---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-023511"
form_type: "8-K"
ticker: "STRT"
cik: "0000933034"
company_name: "STRATTEC SECURITY CORP"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T15:26:51.497749+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Strattec enters employment and change-in-control agreements with CFO Dennis Bowe

## Summary
- Employment agreement with CFO Dennis Bowe effective Sept 9, 2022; base salary $310,000/yr.
- Term auto-renews each June 30 unless 30-day nonrenewal notice given by either party.
- Severance on termination without cause: base salary for longer of 6 months or 1 month per year of service (max 12 months).
- Change-in-control agreement: on qualifying termination after change of control, lump sum of 2x salary plus highest bonus in prior 10 years.
- Non-compete during employment and for up to 1 year after termination; confidentiality until 2 years after termination.

## SEC filing metadata
- accession: 0001140361-23-023511
- form_type: 8-K
- ticker: STRT
- cik: 0000933034
- company_name: STRATTEC SECURITY CORP
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933034/000114036123023511/0001140361-23-023511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933034/000114036123023511/brhc20052622_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-023511
- JSON: https://secwatch.observer/filing/0001140361-23-023511.json
- Plain text: https://secwatch.observer/filing/0001140361-23-023511.txt

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