Strattec Security Corp 8-K, filed Feb 9, 2022
Strattec Security Corp (STRT)
8-K
2022-02-09
For: 2022-02-08
View Original
Added on
April 06, 2026
About this 8-K
Strattec Security Corp filed this 8-K on February 9, 2022, reporting on events of February 8, 2022.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 8, 2022
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Securities registered or to be registered pursuant to Section 12(b) of the Act:
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of
this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 8 – Other Events
| Item 8.01. |
Other Events.
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On February 8, 2022, STRATTEC SECURITY CORPORATION issued a press release (the "Press Release") announcing
that Tina Chang has joined the STRATTEC Board of Directors. A copy of the Press Release is attached as Exhibit 99.1 to this report.
Section 9 - Financial Statements and Exhibits
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Item 9.01.
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Financial Statements and Exhibits.
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Exhibits
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99.1 – Press Release of STRATTEC SECURITY CORPORATION, issued
February 8, 2022.
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104 – Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
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STRATTEC SECURITY CORPORATION
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Date: February 8, 2022
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By:
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/s/ Patrick J. Hansen
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Patrick J. Hansen, Senior Vice President and | ||
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Chief Financial Officer | ||
Exhibit 99.1
FOR RELEASE AT 5:00 PM CDT
Contact: Frank Krejci
President and Chief
Executive Officer
414-247-3330
www.strattec.com
STRATTEC SECURITY CORPORATION
ANNOUNCES THAT TINA CHANG HAS JOINED
THE COMPANY’S BOARD OF DIRECTORS
Milwaukee, Wisconsin – February 8, 2022 -- STRATTEC SECURITY CORPORATION (“STRATTEC” or the “Company”) (NASDAQ:STRT)
The Board of Directors of STRATTEC SECURITY CORPORATION is pleased to announce that Tina Chang has joined the Company’s Board. Ms. Chang is the CEO of SysLogic Inc., a Brookfield, Wisconsin - based consulting firm specializing in cybersecurity, technology strategies and digital transformation. She is also on the boards of Weyco Group Inc., Central
States Manufacturing Inc. as well as non-profit organizations.
Harold Stratton, Chairman of the Board stated: “We are very excited about the skills that Tina will bring to STRATTEC Board discussions. It will be valuable to have her
strategic insights, especially regarding technology-based initiatives.”
“STRATTEC continues to find more ways to grow our current automotive business. With Tina’s experience, she will be a great resource for our Board and our Management team
to help STRATTEC find additional ways to grow by satisfying our customers’ increased demand for innovations in secure connectivity, access control and vehicle/passenger interface enhancements in the
rapidly expanding electric vehicle market” said Frank Krejci, President, CEO and Board member of STRATTEC.
STRATTEC has been in the automotive business since its founding in 1908. It is a recent winner of a General Motors Innovation Award and two PACE Awards from Automotive
News for products such as the power tailgate on pick-up trucks offered by GM and Ford. Other products include powered doors and other access products such as fobs, latches and handles. STRATTEC is traded on the NASDAQ under the symbol STRT.
Certain statements contained in this release contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform
Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as “anticipate,” “believe,” “could,” “expect,” “intend,” “may,” “planned,” “potential,” “should,” “will,” and “would.” Such forward-looking
statements in this release are inherently subject to many uncertainties in the Company’s operations and business environment. These uncertainties include general economic conditions, in particular, relating to the automotive industry, consumer
demand for the Company’s and its customers’ products, competitive and technological developments, customer purchasing actions, changes in warranty provisions and customers’ product recall policies, work stoppages at the Company or at the location
of its key customers as a result of labor disputes, foreign currency fluctuations, uncertainties stemming from U.S. trade policies, tariffs and reaction to same from foreign countries, the volume and scope of product returns or customer cost
reimbursement actions, adverse business and operational issues resulting from semiconductor chip supply shortages and the coronavirus (COVID-19) pandemic and costs of operations (including fluctuations in
the cost, and factors impacting the availability, of necessary raw materials). Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to
place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to
reflect subsequent events or circumstances occurring after the date of this release. In addition, such uncertainties and other operational matters are discussed further in the Company’s quarterly and annual filings with the Securities and Exchange
Commission.