{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-258802","form_type":"8-K","ticker":"STRT","cik":"0000933034","company_name":"STRATTEC SECURITY CORP","filed_at":"2025-10-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.661751+00:00","generated_at":"2026-05-17T01:32:42.695558+00:00","sec_items":["1.01","2.02","2.03","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Strattec reports Q1 FY2026 net income $8.5M ($2.07/diluted EPS) on $152.4M sales; new $40M credit facility","bullets":["Gross margin 17.3%; adjusted EBITDA $15.6M (10.2% of sales).","Cash from operations $11.3M; balance sheet strong with $90.5M cash and $5.0M debt.","Entered amended $40M secured revolving credit facility with BMO Bank, matures Oct 2028.","Additional restructuring in Mexico expected to generate ~$1M in annualized savings.","Company cites uncertain tariff environment and supply chain challenges as headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-258802","json":"https://secwatch.observer/filing/0001193125-25-258802.json","markdown":"https://secwatch.observer/filing/0001193125-25-258802.md","text":"https://secwatch.observer/filing/0001193125-25-258802.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/933034/000119312525258802/0001193125-25-258802-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/933034/000119312525258802/strt-20251027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:32:42.695558+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6833cfed199386afe495711a96b09817a810f115","claim":"STRATTEC SECURITY CORP incurred revolving credit of $40.0 million with BMO Bank N.A. at Term SOFR plus 150.0 basis points maturing October 27, 2028.","evidence_excerpt":"The Credit Facility provides for a $40.0 million secured revolving credit facility with a $5.0 million sublimit for the issuance of commercial and standby letters of credit","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/933034/000119312525258802/0001193125-25-258802-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$40.0 million"},{"label":"Counterparty","value":"BMO Bank N.A."},{"label":"Rate","value":"Term SOFR plus 150.0 basis points"},{"label":"Maturity","value":"October 27, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}