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): October 11, 2022
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(Exact name of registrant as specified in charter)
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer I.D. Number)
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(Address of Principal Executive Offices)
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(Zip Code)
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(
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(Registrant's telephone number; including area code)
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Title of each class
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Trading symbol(s)
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Name of exchange on which registered
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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 5 – Corporate Governance and Management
| Item 5.07. |
Submission of Matters to a Vote of Security Holders.
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The 2022 Annual Meeting (the "Annual Meeting") of Shareholders of
STRATTEC SECURITY CORPORATION (the "Company") was held on October 11, 2022. A total of 4,010,275 shares of the Company's Common Stock, par value $0.01 per share, were
eligible and entitled to vote at the Annual Meeting and a total of 2,628,094 shares of the Company's Common Stock were represented at the Annual Meeting (or 65.53% of the eligible shares). The matters voted on at the Annual Meeting were as follows:
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Proposal 1: Election of Directors:
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The following individuals, each of whom was nominated for election to the Board of Directors, was elected by the shareholders at the Annual Meeting
for a term of three years expiring at the 2025 Annual Meeting of shareholders.
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Name
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Votes
For
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Votes
Withheld
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Broker
Non-Votes
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Frank J. Krejci
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2,546,766
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81,328
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0
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Tina Chang
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2,602,587
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25,507
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0
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The nomination of each of the above listed directors was made by the Board of Directors and no other nominations were made by any shareholder. Mr.
Krejci was completing a three year term as a member of the Board of Directors at the date of the Annual Meeting and Ms. Chang was appointed to the Board on February 1, 2022.
The terms of the following directors continued after the Annual Meeting: Michael J. Koss (until the 2023 Annual Meeting of Shareholders); David R.
Zimmer (until the 2023 Annual Meeting of Shareholders); Harold M. Stratton II (until the 2024 Annual Meeting of Shareholders); and Thomas W. Florsheim, Jr. (until the 2024 Annual Meeting of Shareholders).
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Proposal 3: Advisory (non-binding) vote on the executive compensation awarded to the Company's named
executive officers:
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The shareholders voted at the Annual Meeting in favor of the compensation of the Company's named executive officers as disclosed in the Proxy
Statement for the Annual Meeting.
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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2,407,783
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97,249
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123,062
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0
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Section 9 - Financial Statements and Exhibits
| Item 9.01. |
Financial Statements and Exhibits.
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| (d) |
Exhibits
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104 – Cover Page Interactive Data File (embedded within the Inline XBRL document).
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: October 12, 2022
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By:
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/s/ Dennis Bowe
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Dennis Bowe, Vice President and
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Chief Financial Officer
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