leadership
confidence high
sentiment neutral
materiality 0.25
STRATTEC amends retention agreements; corrects retention date to Dec 31, 2024
STRATTEC SECURITY CORP
- Retention Date corrected from Dec 31, 2023 to Dec 31, 2024 for VP-CFO Bowe and VP Messina.
- Each executive eligible for retention payment of 30% of base salary if employed through Dec 31, 2024.
- Payment within 30 days after retention date; forfeited if employment terminates before date.
- No other changes to original Nov 28, 2023 filing.