STRATTEC shareholders elect three directors, approve stock plan adding 250K shares

STRATTEC SECURITY CORP

Elected David R. Zimmer, Bruce M. Lisman, and F. Jack Liebau Jr. as directors for three-year terms.
Advisory say-on-pay vote passed: 3,009,106 For, 93,165 Against, 156,416 Abstain.
Shareholders selected one-year frequency for future say-on-pay votes; next vote at 2024 annual meeting.
Stock Incentive Plan amendment approved, increasing authorized shares by 250,000 (2,419,361 For, 89,035 Against).
Meeting quorum achieved with 3,258,687 of 4,068,412 eligible shares represented (82.10%).

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

STRATTEC SECURITY CORP shareholders approved Advisory (non-binding) vote on the executive compensation awarded to the Company's named executive officers at the 2023-10-10 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-10-10

Exact text from the filing

Proposal 2: Advisory (non-binding) vote on the executive compensation awarded to the Company's named executive officers: The shareholders voted at the Annual Meeting in favor of the compensation of the Company's named executive officers as disclosed in the Proxy Statement for the Annual Meeting. Votes For Votes Against Abstentions Broker Non-Votes 3,009,106 93,165 156,416 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.99

STRATTEC SECURITY CORP shareholders approved Election of Directors at the 2023-10-10 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-10-10

Exact text from the filing

Proposal 1: Election of Directors: The following individuals, each of whom was nominated for election to the Board of Directors by the Company, was elected by the shareholders at the Annual Meeting for a term of three years expiring at the 2026 Annual Meeting of shareholders. Name Votes For Votes Against Abstentions Broker Non-Votes David R. Zimmer 3,129,780 121,240 7,667 0 Bruce M. Lisman 3,179,853 71,540 7,294 0 F. Jack Liebau, Jr. 3,227,252 24,291 7,144 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

STRATTEC SECURITY CORP shareholders approved Advisory (non-binding) vote on the frequency of future advisory votes on the executive compensation of the Company's named executive officers at the 2023-10-10 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-10-10

Exact text from the filing

Proposal 3: Advisory (non-binding) vote on the frequency of future advisory votes on the executive compensation of the Company's named executive officers: The shareholders voted to recommend that the Company include an advisory vote on the compensation of the Company's named executive officers pursuant to the rules of the Securities and Exchange Commission (the " Commission ") every year. One Year Two Years Three Years Abstentions Broker Non-Votes 2,874,933 10,651 222,087 151,016 0

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STRATTEC SECURITY CORP filing history →

Source: SEC EDGAR

accession 0001140361-23-047861

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