Strattec Sec SEC Filings

Strattec Security (STRT) reported stronger Q1 FY2026 results. Net sales rose 10% to $152.4 million, driven by higher demand, pricing, favorable mix, and new program launches. Gross margin improved to 17.3% from 13.6% as higher volume leveraged fixed costs and prior-year restructuring benefits flowed through.

Income from operations more than doubled to $10.4 million. Net income attributable to Strattec was $8.5 million with diluted EPS of $2.07 versus $0.92 a year ago. Interest income increased on higher cash balances. Other expense reflected a $0.6 million charge tied to Mexico restructuring. The effective tax rate was 21.6%.

Cash and equivalents were $90.5 million. Operating cash flow was $11.3 million, capex $1.5 million, and no borrowings were outstanding under the company’s $40 million line, while $5.0 million was drawn at the joint venture. On October 27, 2025, Strattec refinanced its $40 million revolver, extending maturity to October 2028 at SOFR plus a 1.50% margin. Sales to General Motors, Ford, and Stellantis represented 64% of total.

STRATTEC Security Corporation entered into an amended and restated credit agreement with BMO Bank N.A., establishing a $40.0 million secured revolving credit facility with a $5.0 million sublimit for commercial and standby letters of credit. Borrowings may be used to refinance indebtedness, for working capital, capital expenditures, and other lawful corporate purposes. The facility matures on October 27, 2028.

Interest is payable at the Company’s option at one-, three-, or six-month Term SOFR + 150.0 bps or the Adjusted Base Rate, with a 17.5 bps quarterly commitment fee on unused commitments. Obligations are guaranteed by wholly owned subsidiaries and secured by a first‑priority security interest in substantially all personal property, subject to customary exclusions.

Covenants include maintaining Consolidated Net Worth of at least $165,000,000 plus, beginning with the fiscal year ending June 28, 2026, 50% of positive Consolidated Net Earnings for that fiscal year. The Company also furnished a press release and investor presentation related to fiscal first‑quarter results.

STRATTEC SECURITY CORP (STRT) reported an insider transaction by its President & CEO and Director on 10/25/2025. The filing shows a Code F tax withholding of 2,645 shares of common stock, tied to the vesting of 5,626 shares of restricted stock and noted as exempt under Rule 16b-3. Following the withholding, the reporting person directly beneficially owns 56,326 shares. This reflects shares withheld to cover taxes rather than an open-market sale.

STRATTEC Security Corp (STRT) disclosed a Form 4 showing a director received a grant of 1,243 shares of common stock on 10/15/2025 at a reported price of $68.38 per share. Following this transaction, the director beneficially owns 8,998 shares held directly.

The restricted stock vests on the later of the 2026 annual meeting of shareholders or 50 weeks after the grant date.

STRATTEC SECURITY CORP (STRT) reported a director’s Form 4 reflecting the acquisition of 1,243 shares of common stock on 10/15/2025 via a restricted stock grant at a reported price of $68.38 per share. Following the award, the reporting person beneficially owns 9,748 shares, held directly.

The restricted shares vest on the later of the Company’s 2026 annual meeting or 50 weeks after the grant date.

STRATTEC Security Corp (STRT) director reported an acquisition of company stock. On 10/15/2025, the insider acquired 1,243 shares of common stock at $68.38 per share, bringing direct beneficial ownership to 19,698 shares.

According to the remarks, this was a grant of restricted stock that will vest on the later of the Company’s 2026 annual meeting of shareholders or 50 weeks following the grant date.

STRATTEC Security (STRT) director reported a restricted stock grant. On 10/15/2025, the reporting person acquired 1,243 shares of common stock, reflected at a price of $68.38 in the filing. Following this grant, total beneficial ownership stands at 6,748 shares, held directly.

The award vests on the later of the Company’s 2026 annual meeting of shareholders or 50 weeks after the grant date.

STRATTEC SECURITY (STRT) reported a director transaction on 10/15/2025. The director acquired 1,243 shares of common stock at a price of $68.38, lifting total beneficial ownership to 3,450 shares, held directly. The filing notes this was a grant of restricted stock.

These restricted shares vest at the later of the company’s 2026 annual meeting of shareholders or 50 weeks after the grant date. This is a routine insider equity grant and does not change the company’s operations or outlook.

STRATTEC Security Corporation reported voting results from its 2025 Annual Meeting. Shareholders representing 2,885,669 shares, or 69.36% of the 4,160,284 shares outstanding as of August 15, 2025, were present in person or by proxy, including 540,613 broker non-votes.

All director nominees were elected: Tina Chang, Thomas J. Florsheim, Jr., F. Jack Liebau, Jr., Bruce M. Lisman, Jennifer L. Slater, and Matteo Anversa.

Shareholders ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending June 28, 2026, with 2,773,880 votes for, 109,390 against, and 2,399 abstentions.

On the advisory vote to approve executive compensation, 75.76% of votes cast were “for” (2,186,050 for; 97,987 against; 61,019 abstain; 540,613 broker non-votes).