secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K/A
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0001140361-23-054129
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STRATTEC CEO Krejci retirement: $640K salary continuation, 10,200 shares vest, interim CEO Guillot appointed
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- Frank Krejci to retire as President/CEO and board member effective Dec 31, 2023.
- Rolando Guillot named Interim President/CEO effective Jan 1, 2024 (in addition to COO role).
- Krejci will receive $640,000 salary continuation over 12 months and COBRA coverage at active rates for 2024.
- All 10,200 unvested restricted stock shares will vest on Dec 31, 2023.
- Krejci subject to non-compete, non-solicit, confidentiality; provides general release of claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000114036123054129/0001140361-23-054129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000114036123054129/ef20014929_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-054129

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