STRATTEC SECURITY CORP — Form 10-K
Filed August 28, 2026 · analyzed by the Periodic Agent
10-K
— Neutral
significance 28/100
What the filing says
Strattec hired Chey Becker-Varto as Senior Vice President, Chief Commercial Officer effective November 11, 2024, with base salary of $350,000/year, a $125,000 sign-on bonus, and 45% target annual bonus (commencing FY2025). Equity eligibility begins FY2026. Standard one-year severance if terminated without cause; 1.5x severance (base + avg bonus) in change-of-control scenario. The company also adopted charter amendment (third amendment filed October 23, 2024) and updated insider trading policy, neither material.
Why this rating
New officer hire is routine; total comp ~$475K is ~0.35% of $135.8M market cap, immaterial to business trajectory.
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