other material
confidence high
sentiment neutral
materiality 0.40
STRATTEC grants retention bonuses of $93K to CFO and $101K to CTO through Dec 31, 2024
STRATTEC SECURITY CORP
- CFO Dennis Bowe to receive $93,000 retention payment if continuously employed through Dec 31, 2024.
- CTO Richard Messina to receive $101,400 retention payment under same condition.
- Payments made lump sum within 30 days after retention date; forfeited if employment ends earlier.
- Agreements supplement existing employment and change-in-control contracts; no change to at-will status.