Strattec authorizes new $40M share repurchase program, replacing 1996 plan

STRATTEC SECURITY CORP

Board authorized new $40M share repurchase, replacing the prior program initiated in 1996.
Program has no fixed expiration; purchases may be made via open market, block trades, or 10b5-1 plans.
During Q4 prior to program termination, STRT repurchased 110,269 shares at avg $67.10.
CEO Slater stated strong cash position enables continued investment in transformation while returning capital.

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