---
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"
generated_at: "2026-06-11T21:04:58.581456+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# STRATTEC reports Q4 net loss of $2.7M; full year loss $6.7M; completes equity restructure with WITTE

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-039076
- JSON: https://secwatch.observer/filing/0001140361-23-039076.json
- Plain text: https://secwatch.observer/filing/0001140361-23-039076.txt

## Key facts
- Earnings Releases
  STRATTEC SECURITY CORP reported financial results for the fiscal fourth quarter and year ended July 2, 2023.
  - Period: the fiscal fourth quarter and year ended July 2, 2023
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/933034/000114036123039076/0001140361-23-039076-index.htm

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