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 23,
2010
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STRATTEC
SECURITY CORPORATION
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|
(Exact
name of registrant as specified in its
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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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
4 – Matters Related to Accountants and Financial Statements
Item
4.01. Changes in Registrant's
Certifying Accountant.
On February 23, 2010, STRATTEC SECURITY CORPORATION (the "Company") dismissed
Grant Thornton LLP as its independent public accountants and appointed Deloitte
& Touche LLP as its new independent public accountants. The
decision to dismiss Grant Thornton and to retain Deloitte & Touche was
approved by the Company's Audit Committee on February 23, 2010.
Grant
Thornton's reports on the Company's consolidated financial statements for each
of the fiscal years ended June 28, 2009 and June 29, 2008 did not contain an
adverse opinion or disclaimer of opinion, nor were they qualified or modified as
to uncertainty, audit scope or accounting principles.
During
the Company's two most recent fiscal years and through February 23, 2010, there
were no disagreements with Grant Thornton on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure
which, if not resolved to Grant Thornton's satisfaction, would have caused them
to make reference to the subject matter in connection with their report on the
Company's consolidated financial statements for such years; and there were no
reportable events, as listed in Item 304(a)(1)(v) of SEC Regulation
S-K.
The Company has provided Grant Thornton with a copy of the foregoing disclosures
and has requested that Grant Thornton review such disclosures and provide a
letter addressed to the Securities and Exchange Commission as specified by Item
304(a)(3) of Regulation S-K. A copy of Grant Thornton's letter
to the Securities and Exchange Commission is attached to this report as Exhibit
16.1.
During the fiscal years ended June 28, 2009 and June 29, 2008, and the
subsequent interim period through February 23, 2010, the Company did not consult
with Deloitte & Touche regarding any of the matters or events set forth in
Item 304(a)(2)(i) and (ii) of Regulation S-K.
Section
9 - Financial Statements and Exhibits
Item
9.01. Financial Statements and
Exhibits.
(d) Exhibits
16.1 -- Letter of Grant Thornton LLP dated February 24, 2010 concerning change
in the
registrant's certifying accountant.
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: March
1, 2010
BY /s/ Patrick J.
Hansen
Patrick
J. Hansen, Senior Vice President and
Chief Financial Officer
3
February 24,
2010
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U.S.
Securities and Exchange Commission
Office
of the Chief Accountant
100
F Street, NE
Washington,
DC 20549
|
Audit
· Tax
·
Advisory
Grant
Thornton LLP
100
E Wisconsin Avenue, Suite 2100
Milwaukee,
WI 53202-4169
T
414.289.8200
F
414.289.9910
www.GrantThornton.com
|
Re: STRATTEC
SECURITY CORPORATION
File No. 0-25150
Dear Sir
or Madam:
We have
read Item 4.01 of Form 8-K of STRATTEC SECURITY CORPORATION dated
February 23, 2010, and agree with the statements concerning our Firm
contained therein.
Very
truly yours,
/s/ Grant Thorton LLP
GRANT
THORNTON LLP
cc: Mr.
David Zimmer
STRATTEC
Security Corporation, Audit Committee Chair
Mr.
Patrick J. Hansen
STRATTEC
Security Corporation, Chief Financial Officer