STRATTEC SECURITY CORP SEC Filings

STRATTEC SECURITY CORP President & CEO Jennifer Lynn Slater reported a routine tax-related share disposition. On July 1, 2026, 5,931 shares of common stock were withheld to pay tax liability triggered by the vesting of 12,618 restricted stock shares, as noted in the footnote.

These shares were withheld for taxes rather than sold in the open market. After this withholding, Slater directly owned 51,993 shares of STRATTEC SECURITY CORP common stock.

Strattec Security Corporation has authorized a new share repurchase program allowing the company to buy back up to $40 million of its outstanding common stock. This new authorization replaces a prior repurchase program that had been in place since 1996.

The company may repurchase shares at its discretion through open market purchases, block trades, accelerated share repurchase transactions and privately negotiated deals, including under Rule 10b5-1 trading plans, and in accordance with Rule 10b-18. The program has no fixed expiration date and can be modified, suspended or terminated by the board.

Management highlighted a strong cash position and confidence in generating cash flow, saying this supports both ongoing investment in Strattec’s transformation and growth strategy and returning capital to shareholders, while maintaining financial flexibility in the cyclical automotive industry. In the fourth fiscal quarter, Strattec bought 110,269 shares at an average price of $67.10 under the prior program.

STRATTEC SECURITY CORP SVP & CFO Matthew Pauli reported an open-market purchase of company stock indirectly through his spouse. On May 12, 2026, his spouse bought 2,000 shares of common stock at $62.53 per share, reported as indirect ownership. A separate entry shows Pauli with 7,893 directly owned shares of common stock following the reported date.

STRATTEC SECURITY CORP director and President & CEO Jennifer Lynn Slater reported open-market purchases of company stock. On May 12, 2026, she bought 797.28 shares of common stock at $62.71 per share. On May 13, 2026, she bought 800.56 shares at a weighted average price of $62.46 per share.

The May 13, 2026 transaction reflects multiple trades executed through a broker-dealer at prices ranging from $62.22 to $62.715. After these purchases, Slater directly held 57,923.86 shares of STRATTEC SECURITY CORP common stock.

STRATTEC SECURITY CORP director Frederic Jack Liebau Jr. reported an open-market purchase of 1,000 shares of common stock at $61.37 per share. After this transaction, he directly owns 7,748 shares. This filing shows a net increase in his personal shareholdings through a discretionary market purchase.

Strattec Security Corporation reported mixed third-quarter and stronger year-to-date fiscal 2026 results. For the quarter ended March 29, 2026, net sales were $137.6 million, down about 4% from $144.1 million, and net income attributable to Strattec fell to $3.2 million from $5.4 million as operating margin compressed.

Despite the softer quarter, performance for the nine-month period improved. Year-to-date net sales rose to $427.6 million from $413.1 million, while net income attributable to Strattec increased to $16.7 million from $10.4 million, driven by higher pricing, cost-reduction initiatives, improved gross margin and lower interest expense. Cash and cash equivalents grew to $107.0 million, and the company had no borrowings under its $40 million revolving credit facility.

Strattec Security Corporation reported fiscal third quarter 2026 results showing lower sales but solid profitability and cash generation. Net sales were $137.6 million, down 4.5% from the prior-year period, mainly from lower volume including customer EV program cancellations.

Gross profit was $22.7 million with gross margin improving to 16.5%, helped by $1.7 million in restructuring savings and $0.6 million of recoveries from cancelled programs, despite foreign exchange and cost headwinds. Net income attributable to Strattec was $3.2 million, or $0.78 per diluted share, versus $5.4 million, or $1.32, a year earlier. Adjusted EBITDA was $10.1 million, representing a 7.3% margin compared with 8.9% in the prior-year quarter.

The company generated $11.4 million of cash from operations in the quarter and $36.6 million year to date. As of March 29, 2026, Strattec held $106.957 million in cash and cash equivalents and had total debt of $1.0 million, resulting in a very low leverage level. Management highlighted ongoing transformation initiatives, targeted cost reductions, and an outlook for modest revenue declines in the near term in line with North American auto production volumes.

Strattec Security Corporation disclosed that its majority-owned joint venture, ADAC-STRATTEC, LLC, entered into a new Amended and Restated Credit Agreement with BMO Bank N.A., effective April 30, 2026. This New JV Credit Agreement replaces the prior 2012 credit facility.

With this change, Strattec’s guaranty, liens and related obligations under the prior joint venture credit agreement were terminated and released. Strattec is no longer a borrower, guarantor or other credit support party under the new joint venture credit agreement, reducing its direct credit exposure to the facility.

Strattec Security Corp: The Vanguard Group filed an amendment to its Schedule 13G/A reporting that, following an internal realignment, it and certain subsidiaries will report holdings separately and that The Vanguard Group beneficially owns 0 shares of Strattec common stock, representing 0% of the class.

The filing notes the internal realignment occurred on January 12, 2026 and that subsidiaries or business divisions that formerly reported with The Vanguard Group will now report on a disaggregated basis in reliance on SEC Release No. 34-39538. The form is signed by Ashley Grim on 03/27/2026.