{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-039076","form_type":"8-K","ticker":"STRT","cik":"0000933034","company_name":"STRATTEC SECURITY CORP","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.080277+00:00","generated_at":"2026-06-11T21:04:58.581456+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"STRATTEC reports Q4 net loss of $2.7M; full year loss $6.7M; completes equity restructure with WITTE","bullets":["Q4 net sales $132.2M (+7.4% YoY) but gross margin fell to 9.3% from 11.3% due to input costs and peso headwinds.","Diluted loss per share $0.69 vs $0.10 EPS a year ago; includes $1.19/share loss from equity restructuring agreement.","Full year net loss $6.7M ($1.70 loss per share) vs $7.0M income ($1.79 EPS) prior year.","Completed restructuring: sold VAST LLC stake for $18.5M cash, gained 100% of Power Access LLC, and acquired Korea branch assets.","Management cites $10M+ margin hit from Mexican wage increases and peso weakness; expects pricing negotiations in FY24."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-039076","json":"https://secwatch.observer/filing/0001140361-23-039076.json","markdown":"https://secwatch.observer/filing/0001140361-23-039076.md","text":"https://secwatch.observer/filing/0001140361-23-039076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/933034/000114036123039076/0001140361-23-039076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/933034/000114036123039076/brhc20057262_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T21:04:58.581456+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8e55e399c1ef8cb4a2adb45bb386bec4dd580ae0","claim":"STRATTEC SECURITY CORP reported financial results for the fiscal fourth quarter and year ended July 2, 2023.","evidence_excerpt":"On August 10, 2023, STRATTEC SECURITY CORPORATION issued a press release (the \" Press Release \") announcing results for the fiscal fourth quarter and year ended July 2, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/933034/000114036123039076/0001140361-23-039076-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal fourth quarter and year ended July 2, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}