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
15, 2006
|
STRATTEC
SECURITY CORPORATION
|
|
(Exact
name of registrant as specified in its
charter)
|
|
Wisconsin
|
|
(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)
|
(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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|
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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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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):
o
Written
communications pursuant to Rule 425 under the Securities Act
(17
CFR
230.425)
o
Soliciting
material pursuant to Rule
14a-12 under the Exchange Act
(17
CFR
240.14a-12)
o
Pre-commencement
communications pursuant
to Rule 14d-2(b) under the
Exchange
Act (17 CFR 240.14d-2(b))
o
Pre-commencement
communications pursuant
to Rule 13e-4(c) under the
Exchange
Act (17 CFR 240.13e-4(c))
Section
7 - Regulation FD
Item
7.01 Regulation FD Disclosure
On
February 15, 2006, STRATTEC SECURITY CORPORATION issued a press release (the
"Press Release") announcing the authorization to repurchase an additional
200,000 shares under its ongoing stock repurchase program. A copy of the Press
Release is attached as Exhibit 99.1 to this report. The attached Exhibit
99.1 is furnished pursuant to Item 7.01 of Form 8-K.
The
information in this Form 8-K and the Exhibit attached hereto shall not be deemed
"filed" for purposes of Section 18 of the Securities Exchange Act of 1934,
nor
shall it be deemed incorporated by reference in any filing under the Securities
Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly
set forth by specific reference in such filing.
Section
9 - Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits
(c) Exhibits
99.1--Press
Release of STRATTEC SECURITY CORPORATION, issued February 15, 2006.
2
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.
STRATTEC
SECURITY CORPORATION
Date:
February 16, 2006
BY
/s/
Patrick J.
Hansen
Patrick
J. Hansen, Senior Vice President
and
Chief
Financial Officer
3
Exhibit
99.1
FOR
RELEASE AT 3:00 PM CST
Contact:
Pat Hansen
Senior
Vice President and
Chief
Financial Officer
414-247-3435
www.strattec.com
STRATTEC
SECURITY CORPORATION
ANNOUNCES
EXPANDED SHARE REPURCHASE PROGRAM
Milwaukee,
Wisconsin - February 15, 2006 -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT)
announced today that its Board of Directors, at its regular quarterly meeting
February 14, 2006, authorized the repurchase of an additional 200,000 shares
(approximately 5 percent of currently outstanding shares) under its ongoing
stock repurchase program. Shares may be repurchased from time to time in open
market transactions and will be held as Treasury Shares.
This
latest action brings the total repurchase authorization to 3,639,395 shares,
of
which 3,171,687 have been repurchased to date.
STRATTEC
designs, develops, manufacturers and markets mechanical locks and keys,
electronically enhanced locks and keys, steering column and instrument panel
ignition lock housings, latches and related access control products for North
American automotive customers,
and for global automotive manufacturers through the VAST Alliance in which
it
participates with WITTE Automotive of Velbert, Germany and ADAC Plastics, Inc.
of Grand Rapids, Michigan. The Company’s history in the automotive business
spans more than 95 years.
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, foreign currency
fluctuations, and costs of operations. 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.