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): August 22,
2007
|
STRATTEC
SECURITY CORPORATION
|
|
(Exact
name of registrant as specified in its
charter)
|
|
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)
|
(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):
(17
CFR
230.425)
(17
CFR
240.14a-12)
Exchange
Act (17 CFR 240.14d-2(b))
Exchange
Act (17 CFR 240.13e-4(c))
Section
7 – Regulation FD
Item
7.01. Regulation FD Disclosure.
On
August
22, 2007, STRATTEC SECURITY CORPORATION issued a press release (the "Press
Release") announcing the declaration of a quarterly and special
dividend. 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.
(d) Exhibits
99.1
-- Press
Release of STRATTEC SECURITY CORPORATION, issued August 22,
2007.
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: August
24, 2007
BY
/s/
Patrick J.
Hansen
Patrick
J. Hansen, Senior Vice President
and
Chief
Financial Officer
EXHIBIT
99.1
FOR
RELEASE AT 3:00 PM CDT
Contact: Pat
Hansen
Senior
Vice President and
Chief
Financial Officer
414-247-3435
www.strattec.com
STRATTEC
SECURITY CORPORATION
DECLARES
QUARTERLY AND SPECIAL DIVIDEND
Milwaukee, Wisconsin – August 22, 2007 -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) announced today that it is initiating the payment of regular quarterly dividends. At its meeting on August 21, 2007, the Company’s Board of Directors declared a quarterly cash dividend of $0.15 per common share. Additionally, the Board declared a special one-time cash dividend of $1.00 per common share. Both the quarterly and special dividend are payable on October 1, 2007, to shareholders of record as of September 14, 2007. The combined October dividend payment will total approximately $4.1 million and will be funded by current cash balances.
On
a going forward basis, the regular quarterly dividend and record date
will be approved each quarter by the Company’s Board of Directors and announced
by the Company.
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 nearly 100
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.