STRATTEC SECURITY CORP reported financial results for fiscal third quarter ended March 29, 2026.
“Net sales were $137.6 million, down $6.5 million, or 4.5% from the prior-year period.”
STRATTEC SECURITY CORP — fact timeline
Source-grounded facts extracted from STRATTEC SECURITY CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
STRATTEC SECURITY CORP terminated Prior JV Credit Agreement with BMO Bank N.A. (effective 2026-04-30).
“Effective as of April 30, 2026, ADAC-STRATTEC, LLC (“ADAC-STRATTEC”), a majority owned joint venture subsidiary of Strattec Security Corporation (the “Company”), entered into an Amended and Restated Credit Agreement with BMO Bank N.A. (the “New JV Credit Agreement”) that replaced ADAC-STRATTEC’s existing credit agreement, dated June 28, 2012, with BMO Bank N.A.”
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.
“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”
Rolando J. Guillot departed as Senior Vice President – Operations and Chief Operating Officer at STRATTEC SECURITY CORP.
“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.”
Dennis Bowe changed role as Chief Financial Officer at STRATTEC SECURITY CORP.
“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.”
Matthew Pauli was appointed as Senior Vice President and Chief Financial Officer at STRATTEC SECURITY CORP.
“the Board of Directors has appointed Matthew Pauli as Senior Vice President and Chief Financial Officer effective November 13, 2024.”
Al-Waleed H. Hamdan departed as Vice President – Global Sales and Product Management and Chief Commercial Officer at STRATTEC SECURITY CORP.
“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.”
Jennifer L. Slater was appointed as President and Chief Executive Officer at STRATTEC SECURITY CORP.
“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.”
Roland J. Guillot changed role as Senior Vice President – Operations and Chief Operating Officer at STRATTEC SECURITY CORP.
“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.”
Jennifer L. Slater was appointed as Director at STRATTEC SECURITY CORP.
“The Board of Directors also has appointed Ms. Slater as a member of the Board of Directors effective July 1, 2024.”
Jennifer L. Slater was appointed as President and Chief Executive Officer at STRATTEC SECURITY CORP.
“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.”
STRATTEC SECURITY CORP reported Third Quarter ended March 31, 2024 results: revenue $140,773 thousand, net income $1,506 thousand, EPS $0.37.
“Third Quarter Fiscal 2024 Financial Summary Third Quarter Ending Mar 31, 2024 Apr. 2, 2023 Inc (Dec) (Dollars in thousands, except per share data) Net Sales $ 140,773 $ 127,183 $ 13,590 Gross Profit $ 14,684 $ 10,001 $ 4,683 Gross Margin 10.4% 7.9% Operating Expenses $ 12,725 $ 12,485 $ 240 Operating Income (Loss) from Operations $ 1,959 $ (2,484) $ 4,443 Net Income (Loss) $ 1,506 $ (2,256) $ 3,762 Diluted Earnings (Loss) Per Share $ 0.37 $ (0.57) $ 0.94”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.