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): December 14,
2009
|
STRATTEC
SECURITY CORPORATION
|
|
(Exact
name of registrant as specified in its
charter)
|
|
Wisconsin
|
|
(State
or other jurisdiction of
incorporation)
|
|
0-25150
|
39-1804239
|
|
|
(Commission
File Number)
|
(I.R.S.
Employer I.D. Number)
|
|
3333
West Good Hope Road
Milwaukee,
WI
|
53209
|
|
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
|
(414)
247-3333
|
|
(Registrant's
telephone number; including area
code)
|
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
5 – Corporate Governance and Management
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On
December 14, 2009, STRATTEC SECURITY CORPORATION (the "Company") issued a press
release (the "Press Release") announcing the appointment of Frank J. Krejci,
effective as of January 1, 2010, as its President and Chief Operating
Officer. A copy of the Press Release is attached as Exhibit 99.1
to this report. Mr. Krejci has been a member of the Company's Board
of Directors for over 14 years and will continue to act as a
director. In contemplation of Mr. Krejci's appointment as the
Company's President and Chief Operating Officer, effective December 9, 2009 Mr.
Krejci has resigned as a member of the Company's Audit, Compensation and
Nominating and Corporate Governance Committees. Information regarding
Mr. Krejci's experience, employment history and related matters is set forth in
the Company's Proxy Statement for its 2009 annual meeting of shareholders filed
with the Securities and Exchange Commission on August 28, 2009.
Section
9 - Financial Statements and Exhibits
| Item 9.01. |
Financial Statements
and Exhibits.
|
| (d) Exhibits | |
| 99.1 -- Press Release of STRATTEC SECURITY CORPORATION, issued December 14, 2009. |
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: December
14, 2009
BY /s/ Patrick J.
Hansen
Patrick
J. Hansen, Senior Vice President and
Chief
Financial Officer
3
Exhibit
99.1
FOR
IMMEDIATE RELEASE
Contact: Pat
Hansen
Senior
Vice President and
Chief
Financial Officer
414-247-3435
www.strattec.com
STRATTEC
SECURITY CORPORATION
NAMES
NEW PRESIDENT AND CHIEF OPERATING OFFICER
Milwaukee,
Wisconsin – December 14, 2009 -- STRATTEC SECURITY CORPORATION (NASDAQ:STRT)
announced today that the Company’s Board of Directors, at its regularly
scheduled meeting on December 9, 2009, elected Frank J. Krejci as its President
and Chief Operating Officer effective January 1, 2010. Mr. Krejci
will report to Harold M. Stratton II, Chairman of the Board and Chief Executive
Officer, who has also acted as President since October, 2004. Mr.
Krejci will continue on the STRATTEC Board of Directors. He has been
a member of the Board for over 14 years.
Mr.
Stratton commented: “Frank brings to his new role with STRATTEC a
wealth of experience and expertise, including strategic planning, merger and
acquisition activity, venture capital investments, and a significant role as a
Vice President of Briggs & Stratton Technologies, our predecessor
company. He has been President of The Custom Shoppe, a privately held
custom furniture manufacturer in Watertown, Wisconsin for the past 13
years.”
“As a result of his participation on
the STRATTEC Board and the role he played at Briggs & Stratton Technologies,
Frank has a solid understanding of our Company, the industry we serve, our
customers and challenges. With that understanding and his high level
of expertise, he will be a great enhancement to our management
team.”
STRATTEC
designs, develops, manufactures and markets automotive Security Products,
including mechanical locks and keys, electronically enhanced locks and keys,
steering column and instrument panel ignition lock housings; and Access Control
Products including latches, power sliding side door systems, power lift gate
systems, power deck lid systems, door handles and related products. These
products are provided to customers in North America, and on a global basis
through the VAST Alliance in which STRATTEC participates with WITTE Automotive
of Velbert, Germany and ADAC Automotive of Grand Rapids,
Michigan. STRATTEC’s history in the automotive business spans over
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.