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 5, 2021
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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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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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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 2021 Annual Meeting (the "Annual Meeting") of Shareholders of STRATTEC SECURITY CORPORATION (the "Company")
was held on October 5, 2021. A total of 3,939,830 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 3,481,827 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 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 2023 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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Harold M. Stratton II
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2,262,376
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898,840
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320,611
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Thomas W. Florsheim, Jr.
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1,817,838
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1,343,378
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320,611
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The nomination of the above listed directors were made by the Board of Directors and no other nominations were made by any shareholder. Each
of Mr. Stratton and Mr. Florsheim 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: Frank J. Krejci (until the 2022 Annual Meeting of Shareholders);
Michael J. Koss (until the 2023 Annual Meeting of Shareholders); and David R. Zimmer (until the 2023 Annual Meeting of Shareholders).
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Proposal 2: Approval of an amendment to the Company's Amended and Restated Articles of Incorporation to increase the number of authorized shares of Common Stock:
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The shareholders voted at the Annual Meeting in favor of the proposed amendment to the Company's
Amended and Restated Articles of Incorporation to increase the number of authorized shares of the Company's Common Stock from 12 million shares to 18 million shares.
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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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1,814,306
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1,660,717
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6,804
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0
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3.
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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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3,049,782
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102,561
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8,873
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320,611
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Section 9 - Financial Statements and Exhibits
| Item 9.01. |
Financial Statements and Exhibits.
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(d)
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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 6, 2021
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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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