secwatch.observer — SEC 8-K summary
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Issuer:     STRATTEC SECURITY CORP (STRT)
CIK:        0000933034
Form:       8-K
Filed at:   2026-05-28T20:15:16+00:00
Accession:  0001193125-26-245261
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933034/000119312526245261/0001193125-26-245261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933034/000119312526245261/strt-20260528.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-245261

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