---
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"
generated_at: "2026-05-17T01:32:42.695558+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Strattec reports Q1 FY2026 net income $8.5M ($2.07/diluted EPS) on $152.4M sales; new $40M credit facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-258802
- JSON: https://secwatch.observer/filing/0001193125-25-258802.json
- Plain text: https://secwatch.observer/filing/0001193125-25-258802.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $40.0 million
  - Counterparty: BMO Bank N.A.
  - Rate: Term SOFR plus 150.0 basis points
  - Maturity: October 27, 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/933034/000119312525258802/0001193125-25-258802-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.