STRATTEC SECURITY CORP — Form 10-Q
Filed October 30, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Strattec hired James Denis as Vice President, General Counsel, and Secretary effective December 1, 2025, at $385,000 annual base salary. He is eligible for an annual bonus targeting 60% of base salary (commencing FY2026) and equity awards targeting 60% of base salary in FY2027. Severance includes one year's base salary if terminated without cause, 1.5x base plus average bonus if terminated without cause within 24 months of a change of control. Non-employee director compensation remains unchanged at $190,000 annually ($95K cash, $95K equity).
Why this rating
Executive hire is standard corporate governance. At $252.7M market cap, $385K salary plus ~$231K target incentives (~$616K total) represents <0.25% of market value—routine C-suite compensation, not material to valuation.
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