Every 8-K that Strattec Sec (STRT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow STRT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STRT filings page.
STRATTEC SECURITY CORP (STRT) reported fiscal 2026 and fourth‑quarter results, highlighting modest sales growth, margin expansion for the full year, and strong liquidity. Fiscal 2026 net sales were $579.4 million, up from $565.1 million, while gross margin improved to 16.5% from 15.0%, and operating margin rose to 4.6% from 4.0%. Net income attributable to STRATTEC increased to $20.6 million from $18.7 million, with diluted EPS of $5.00 versus $4.58. Adjusted EBITDA reached $50.5 million, a 15.3% increase over the prior year, and full‑year adjusted diluted EPS was $6.88.
In the fourth quarter, net sales were $151.8 million, essentially flat year over year, while gross margin declined to 15.6% from 16.7%. Net income attributable to STRATTEC was $3.9 million (diluted EPS $0.95) versus $8.3 million (diluted EPS $2.01) a year ago, but adjusted diluted EPS held at $2.06. Management cited foreign exchange, tariffs, and customer‑cancelled EV programs as headwinds, partly offset by pricing and cost actions.
Liquidity strengthened with $108.2 million in cash and no debt at June 28, 2026. STRATTEC generated $46.3 million in operating cash flow for the year, repurchased 110,269 shares for $7.4 million in the fourth quarter, and authorized a new $40 million share repurchase program.
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 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 Corporation reported a strong fiscal 2026 second quarter, with net sales of $137.5 million, up 6% from a year earlier, driven by pricing, favorable mix, new program launches and tariff recoveries.
Gross margin improved to 16.5% from 13.2%, helped by pricing actions, higher volumes and $1.7 million of restructuring savings, despite higher labor, tariffs and adverse foreign exchange. Net income attributable to Strattec rose to $4.9 million, or $1.20 per diluted share, compared with $1.3 million, or $0.32, in the prior-year quarter. Adjusted EBITDA was $12.3 million, representing an 8.9% margin versus 6.1% a year ago.
The company generated $13.9 million of cash from operations in the quarter and ended December 28, 2025 with $99.0 million in cash and cash equivalents and $2.5 million of debt. Ongoing restructuring and a voluntary early retirement program are expected to produce $3.4 million in annualized savings.
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 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).
Strattec Security Corporation filed a current report noting that it has released its earnings results for the fiscal fourth quarter ended June 29, 2025. The company issued a press release on August 14, 2025 describing its results of operations and financial condition for that quarter.
The press release is furnished as an exhibit to this report under both the results of operations disclosure and the Regulation FD disclosure items, meaning it is provided for informational purposes but is not treated as formally filed under certain securities law provisions. The report is signed by the company’s Senior Vice President and Chief Financial Officer, Matthew Pauli.