Highest-materiality recent filing
Strattec Q4 FY2026: sales flat at $151.8M, adj EPS $2.06 flat, FY EBITDA up 15.3%
Q4 net sales $151.8M vs $152.0M prior year; FY2026 sales $579.4M, gross margin expanded to 16.5% from 15.0%.
Strattec authorizes new $40M share repurchase program, replacing 1996 plan
Board authorized new $40M share repurchase, replacing the prior program initiated in 1996.
Strattec Q3 FY2026 EPS $0.78; sales down 4.5% to $137.6M; cash $107M
Net sales $137.6M, down $6.5M (4.5%) YoY; gross margin improved 50bps to 16.5%.
Strattec's JV replacement credit agreement releases company from guaranty obligations
Effective April 30, 2026, ADAC-STRATTEC entered a new credit agreement with BMO Bank N.A., replacing the prior 2012 agreement.
STRATTEC Q2 EPS $1.20, revenue $137.5M, up 6% YoY
Net income $4.9M ($1.20 diluted EPS) vs $0.32 prior year.
Gross margin 17.3%; adjusted EBITDA $15.6M (10.2% of sales).
Strattec shareholders elect all director nominees, ratify auditor, approve say-on-pay
All six director nominees elected; highest against vote was 129,870 for F. Jack Liebau, Jr.
Strattec Q4 FY2025 net income $8.3M ($2.01 EPS), gross margin 16.7% vs 13.0% YoY
Net income attributable to Strattec $8.3M ($2.01 diluted EPS) for Q4; full year $18.7M ($4.58 EPS).
STRATTEC Q3 net income $5.4M; adj EBITDA margin 8.9%, cash from ops $20.7M
Net income attributable to STRT of $5.4M ($1.32 diluted EPS) vs $1.5M ($0.37) in prior-year quarter.
STRATTEC COO Rolando J. Guillot to retire on Sept 30, 2025; search underway
Rolando J. Guillot, SVP Operations and COO, will retire effective September 30, 2025.
STRATTEC Q2 revenue $129.9M (+9.6% YoY); adj. EPS $0.65 vs $0.36
Net sales $129.9M, up $11.4M (+9.6%) on new program launches and higher demand.
Strattec to list Milwaukee facility for sale, reduce shifts, cut 20 jobs
Listing Milwaukee facility for sale to evaluate upgraded and modernized operations.
Strattec appoints Matthew Pauli as CFO effective Nov 13; Bowe stays as advisor
Matthew Pauli named SVP & CFO; previously Executive Advisor & CFO of CentroMotion.
STRATTEC Q1 FY2025 revenue $139.1M, adjusted EPS $0.92; ops cash flow $11.3M
Net sales attributable to STRT up 2.7% YoY to $139.1M; adjusted net sales +9.1% excluding prior-year $8M one-time pricing.
STRATTEC grants CEO Jennifer Slater sign-on and annual equity awards under 2024 EIP
CEO Slater granted 12,618 restricted shares vesting July 1, 2025 and 25,236 restricted shares vesting in two equal tranches on July 1, 2026 and 2027.
Shareholders approved 2024 Equity Incentive Plan reserving 550,000 shares for awards (~13.4% of outstanding).
STRATTEC presents at Sidoti Small-Cap Conference with no material new information
CEO Jennifer Slater and CFO Dennis Bowe presented virtually at Sidoti Small-Cap Conference on September 18, 2024.
STRATTEC VP Global Sales & CCO Hamdan to depart Oct 3
Al-Waleed H. Hamdan, Vice President – Global Sales and Product Management and Chief Commercial Officer, leaving effective October 3, 2024.
STRATTEC adopts proxy access bylaw; shareholders with 3%+ for 3 years can nominate directors
Board adopted bylaw amendments on August 21, 2024, adding proxy access for director nominations.
STRATTEC Q4 EPS $2.39 vs loss $0.69; revenue up 8.2% to $143.1M
Diluted EPS of $2.39 compared to $0.69 loss in prior-year quarter; net income $9.6M vs loss $2.7M.
STRATTEC grants interim CEO Guillot $108k retention bonus if employed through Dec 31, 2024
Rolando J. Guillot enters Retention Agreement for $108,000 lump sum if continuously employed through December 31, 2024.
STRATTEC appoints Jennifer Slater as President and CEO effective July 1, 2024
Ms. Slater, age 49, joins from Sensata Technologies (EVP & GM, Performance Sensing) with over 25 years auto industry experience.
ADAC-Strattec (STRT sub) amends credit: revolver cut to $20M, rates up, maturity to 2026
Revolving commitment reduced from $25M to $20M now, $18M from Aug 1, 2025; maturity extended to Aug 1, 2026.
STRATTEC adopts FY2025 non-employee director compensation program
Annual retainer of $170,000 per non-employee director: $85,000 cash + $85,000 in restricted stock/RSUs.
STRATTEC reports Q3 EPS $0.37 vs -$0.57 loss; revenue up 10.7%
Diluted EPS $0.37 vs loss of $0.57 last year; net income $1.5M vs loss $2.3M.
STRATTEC reports Q2 fiscal 2024 EPS of $0.26 vs loss of $0.47; revenue up 4.7%
Diluted EPS $0.26 compared to a loss of $0.47 in prior-year quarter; net income of $1.0M vs loss $1.8M.
STRATTEC appoints F. Jack Liebau Jr. as Chairman, Harold M. Stratton II as Vice Chairman
F. Jack Liebau Jr., managing director of Beach Investment Counsel, appointed Chairman effective January 5, 2024.
STRATTEC amends retention agreements; corrects retention date to Dec 31, 2024
Retention Date corrected from Dec 31, 2023 to Dec 31, 2024 for VP-CFO Bowe and VP Messina.
STRATTEC grants retention bonuses of $93K to CFO and $101K to CTO through Dec 31, 2024
CFO Dennis Bowe to receive $93,000 retention payment if continuously employed through Dec 31, 2024.
Frank Krejci to retire as President/CEO and board member effective Dec 31, 2023.
STRATTEC CEO Frank J. Krejci to retire Dec 31; COO Rolando Guillot named interim CEO
Frank J. Krejci, President and CEO since September 2012, will retire and resign from Board effective Dec 31, 2023.
CEO Frank J. Krejci and CFO Dennis Bowe present at Gabelli Auto Symposium.
STRATTEC Q1 FY2024 sales up 12.5% to $135.4M; EPS $1.05 vs $0.03
Net sales $135.4M (Q1 ended Oct 1, 2023), up 12.5% from $120.4M; net income $4.2M vs $125k.
STRATTEC shareholders elect three directors, approve stock plan adding 250K shares
Elected David R. Zimmer, Bruce M. Lisman, and F. Jack Liebau Jr. as directors for three-year terms.
STRATTEC amends credit facility; margin up 0.5%, maturity to 2026; Koss retires; board expands
Extended credit facility maturity to August 1, 2026 from August 1, 2024.
STRATTEC reports Q4 net loss of $2.7M; full year loss $6.7M; completes equity restructure with WITTE
Q4 net sales $132.2M (+7.4% YoY) but gross margin fell to 9.3% from 11.3% due to input costs and peso headwinds.
STRATTEC sells its one-third VAST LLC stake to WITTE for $18.5M, gains full control of SPA
Net purchase price of $18.5M for the one-third VAST interest, subject to adjustments for taxes and expenses.
Strattec enters employment and change-in-control agreements with CFO Dennis Bowe
Employment agreement with CFO Dennis Bowe effective Sept 9, 2022; base salary $310,000/yr.
Strattec posts Q3 net loss of $2.3M; sales up 10% to $127.2M but margin slumps
Net loss $2.3M ($0.57 diluted loss per share) vs net income $3.1M ($0.80 EPS) a year ago.
STRATTEC amends credit agreement to replace LIBOR with SOFR-based interest rate
Amendment No. 8 to credit agreement with BMO Harris Bank effective February 22, 2023.
Interest rate benchmark changed from LIBOR to Term SOFR plus 1.35% (or base rate).
STRATTEC Q2 net loss of $1.8M vs income $3.4M YoY; gross margin halves to 6.5%
Net sales $113.2M, flat YoY ($112.9M); diluted EPS -$0.47 vs +$0.87.
STRATTEC replaces auditor Crowe LLP with Deloitte & Touche LLP, no disagreements
Dismissed Crowe LLP and appointed Deloitte & Touche LLP as independent auditor, effective December 7, 2022.
STRATTEC reports Q1 FY2023 sales up 20% to $120.4M; EPS flat at $0.03
Net sales $120.4M (+20% YoY) driven by improved chip availability; diluted EPS $0.03 unchanged.
STRATTEC shareholders elect Krejci and Chang as directors; approve say-on-pay
Annual meeting held Oct 11, 2022; 2,628,094 shares voted (65.53% of eligible).
Strattec amends 8-K to correct CFO succession effective dates
Dennis Bowe employment starts Sept. 1, 2022; CFO duties begin Sept. 9, 2022 after Patrick Hansen retires.
STRATTEC appoints Dennis Bowe as VP and CFO effective September 1, 2022
Dennis Bowe, 54, appointed VP and CFO, serving as principal financial and accounting officer.
STRATTEC reports fiscal Q4 EPS $0.10 vs $0.75; net income drops 86% on cost headwinds
Q4 net sales $123.1M (14 weeks) vs $110.1M (13 wks); extra week added ~$7.4M; net income $0.4M vs $2.9M.
STRATTEC CFO Patrick Hansen sets retirement date of Sept 9, 2022
Patrick J. Hansen, SVP and CFO, will retire effective September 9, 2022.
STRATTEC Q3 FY2022 EPS $0.80 vs $1.15 YoY; sales $115.9M down 5%
Net sales $115.9M, down 5% from $121.6M in Q3 FY2021.
On March 31, 2025, STRATTEC SECURITY CORPORATION (the “Company”) announced that Rolando J. Guillot, the Company’s Senior Vice President – Operations and Chief Operating Officer, will retire from the Company on September 30, 2025, after a successful 35 year career with the Company.
the Board of Directors has appointed Matthew Pauli as Senior Vice President and Chief Financial Officer effective November 13, 2024.
the Company will continue to employ Dennis Bowe, who served as the Company’s Chief Financial Officer from September 1, 2022 through November 12, 2024, through February 7, 2025 to assist in the transition in an advisory role.
On September 3, 2024, STRATTEC SECURITY CORPORATION (the “Company”) announced the departure from the Company of Al-Waleed H. Hamdan, Vice President – Global Sales and Product Management and Chief Commercial Officer, effective October 3, 2024.
Effective July 1, 2024, Mr. Guillot will return to his role as Senior Vice President – Operations and Chief Operating Officer upon the appointment of Jennifer L. Slater as President and Chief Executive Officer, as previously disclosed by the Company in its Current Report on Form 8-K filed on June 14, 2024.
Effective July 1, 2024, Mr. Guillot will return to his role as Senior Vice President – Operations and Chief Operating Officer upon the appointment of Jennifer L. Slater as President and Chief Executive Officer, as previously disclosed by the Company in its Current Report on Form 8-K filed on June 14, 2024.
The Board of Directors also has appointed Ms. Slater as a member of the Board of Directors effective July 1, 2024.
On June 14, 2024, STRATTEC SECURITY CORPORATION (the “Company”) issued a press release announcing that the Board of Directors has appointed Jennifer L. Slater as President and Chief Executive Officer effective July 1, 2024.
On November 21, 2023, STRATTEC SECURITY CORPORATION (the “Company”) entered into a Retirement Agreement and General Release intended to become effective on November 29, 2023 (the “Agreement”).
The Company also announced that Rolando J. Guillot, Senior Vice President – Operations and Chief Operating Officer, has been named to serve as Interim President and Chief Executive Officer effective January 1, 2024 in addition to his current role.
Frank J. Krejci, President and Chief Executive Officer, will retire from employment with the Company and resign from the Company’s Board of Directors (“Board”) effective December 31, 2023.
On August 22, 2023, Michael J. Koss, a director of the Company, notified the Company, that he will be retiring from, and will not stand for re-election to, the Board of Directors as part of the Company's 2023 Annual Meeting of Shareholders to be held on October 10, 2023
Max materiality 0.80 · Median 0.55 · Most common event earnings