Item 7.01 Regulation FD Disclosure. On May 28, 2026, Strattec Security Corporation (the “Company”) announced that its Board of Directors has authorized a new share repurchase program to purchase up to $40.0 million of the Company’s outstanding common stock.…
Filed May 28, 2026Accepted May 28, 2026, 4:15 PM EDTCIK 933034Accession 0001193125-26-245261
Strattec is a global automotive access company that designs and delivers safe, secure, and highly engineered access solutions for the automotive and mobility industries. Built on generations of access and security engineering expertise, Strattec partners closely with OEMs to create differentiated, system‑level access experiences for end 1 Refer to “Use of Non-GAAP Financial Metrics and Additional Financial Information” as well as accompanying reconciliations to GAAP
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Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On May 28, 2026, Strattec Security Corporation (the “Company”) announced that its Board of Directors has authorized a new share repurchase program to purchase up to $40.0 million of the Company’s outstanding common stock. This share repurchase program replaces the Company’s previous share repurchase program, which had been initiated in 1996 and was terminated in connection with the authorization of the new program.
Under the share repurchase program, the Company may repurchase shares of its common stock from time to time through open market repurchases, privately negotiated transactions, or other means, including pursuant to Rule 10b5-1 trading plans. The timing and number of shares repurchased will depend on a variety of factors, including stock price, trading volume, and general business and market conditions. The share repurchase program does not obligate the Company to repurchase any of its common stock.
A copy of the press release announcing the share repurchase program is furnished hereto as Exhibit 99.1.
The information contained in this Item 7.01 and in Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by reference into such filing.
Filed exhibits (1)
EX-99.1 (by filename) strt-ex99_1.htm
EX-99.1
2
strt-ex99_1.htm
EX-99.1
EX-99.1
NEWS RELEASE
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Strattec Announces New $40 million Share Repurchase Program
MILWAUKEE, WI, May 28, 2026 - Strattec (the “Company”) (Nasdaq: STRT), a global provider of highly engineered access solutions for the automotive and mobility industries, today announced that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $40 million of its outstanding common stock.
Jennifer Slater, President and CEO of Strattec, stated, “Our strong cash position allows us to continue investing in our transformation and growth strategy while also returning capital to shareholders through this new repurchase authorization. We are confident in our ability to generate strong cash flow to support these priorities while maintaining the financial flexibility needed to navigate the highly cyclical automotive industry in which we operate.”
Under the authorization, the Company may repurchase shares from time to time through open market purchases, block trades, accelerated share repurchase transactions and privately negotiated transactions, with the amount and timing …