Highest-materiality recent filing
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.
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.
Max materiality 0.80 · Median 0.60 · Most common event earnings