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 8, 2019
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STRATTEC SECURITY CORPORATION
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(Exact name of registrant as specified in charter)
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Wisconsin
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(State or other jurisdiction of incorporation)
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0-25150
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39-1804239
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(Commission File Number)
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(I.R.S. Employer I.D. Number)
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3333 West Good Hope Road
Milwaukee, WI
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53209
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(Address of Principal Executive Offices)
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(Zip Code)
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(414) 247-3333
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(Registrant's telephone number; including area code)
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Securities registered or to be registered pursuant to Section 12(b) of the Act:
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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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Common stock, $.01 par value
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STRT
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The Nasdaq Global Stock Market
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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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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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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 2019 Annual Meeting (the "Annual Meeting") of Shareholders of STRATTEC
SECURITY CORPORATION (the "Company") was held on October 8, 2019. A total of 3,806,642 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 3,065,905 shares of the Company's Common Stock were represented at the Annual Meeting. 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 individual, who 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 2022 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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2,902,826
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163,079
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0
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The nomination of the above listed director 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.
The terms of the following directors continued after the Annual Meeting: Michael J. Koss (until the 2020 Annual Meeting of Shareholders); David R.
Zimmer (until the 2020 Annual Meeting of Shareholders); Harold M. Stratton II (until the 2021 Annual Meeting of Shareholders); and Thomas W. Florsheim, Jr. (until the 2021 Annual Meeting of Shareholders).
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Proposal 2: 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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2,884,050
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161,714
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20,141
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0
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| 3. |
Proposal 3: Amendment to the Company's Articles of Incorporation:
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The shareholders voted at the Annual Meeting in favor of the proposed amendment to the Company's Articles of Incorporation to provide for a majority
voting standard for the election of director candidates in an uncontested election of directors.
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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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3,025,829
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22,054
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18,022
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0
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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: October 9, 2019
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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
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