STRATTEC SECURITY CORP
For the period ended Sep 11, 2025. Filed Sep 11, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Sep 11, 2025 · Filed Sep 11, 2025
Contents
Pay Versus Performance Table
| Fiscal Year | SummaryCompensationTable Total forthe First PEO (1) | CompensationActually Paidto FirstPEO ($) (2) (3) | SummaryCompensationTable Total forthe SecondPEO (1) | CompensationActually Paidto SecondPEO ($) (2) (3) | AverageSummaryCompensationTotal for Non-PEO NEOs(1) (4) | AverageCompensationActually Paid toNon-PEONEOs (3) | Value of InitialFixed $100InvestmentBasedon TotalShareholderReturn (TSR) (5) | Net (Loss)Income (6) |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,352,066 | $7,071,945 | $— | $— | $1,063,825 | $1,204,957 | $184.91 | $18,685,000 |
| 2024 | $737,445 | $805,641 | $795,876 | $839,093 | $585,006 | $625,550 | $75.76 | $16,313,000 |
| 2023 | $803,267 | $664,603 | $— | $— | $635,177 | $556,471 | $54.97 | $(6,670,000) |
(1)
The dollar amounts reported in this column are the total compensation reported in the “Total” column of the Summary Compensation Table for the 2025, 2024 and 2023 fiscal years for the persons serving as PEO and Non-PEO NEOs for such applicable year. The individuals included as our PEO and Non-PEO NEOs for each applicable fiscal year are set forth in the following table (note that during fiscal year 2024, Mr. Krejci served as our PEO for six months until his retirement on December 31, 2023 and Mr. Guillot served as our interim PEO for six months from January 1, 2024 through June 30, 2024 so the information provided for our PEO for fiscal year 2024 is based on their pro rated amounts reported.
| Fiscal Year | First PEO | Second PEO | Non-PEO Named Executive Officers |
| 2025 | Jennifer Slater | N/A | Matthew Pauli, Rolando Guillot |
| 2024 | Frank Krejci | Rolando Guillot | Richard Messina, Al-Waleed Hamdan |
| 2023 | Frank Krejci | N/A | Patrick Hansen, Rolando Guillot, Richard Messina |
(2)
The dollar amounts reported in this column represent the amount of compensation actually paid for our PEO as computed in accordance with Item 402(v) of Regulation S-K.
34 Strattec | 2025 Proxy Statement
Compensation Discussion and Analysis / Pay Versus Performance Table
(3)
The following table provides the adjustments to the Summary Compensation Table “Total” compensation column to determine our PEO's compensation actually paid and our Non-PEO NEOs average compensation actually paid:
| 2025 · 2024 · 2023 | |||||||
|---|---|---|---|---|---|---|---|
| First PEO ($) | Average forNon-PEONEOs ($) | First PEO ($) | SecondPEO ($) | Average forNon-PEONEOs ($) | First PEO ($) | Average forNon-PEONEO ($) | |
| Summary Compensation Table Total: | $5,352,066 | $1,063,825 | $737,445 | $795,876 | $585,006 | $803,267 | $635,177 |
| Adjustments: | |||||||
| Deduction for Amounts Reported in the “Stock Awards” Column in the Summary Compensation Table: | $(2,804,248) | $(207,736) | $(113,016) | $(76,452) | $(69,804) | $(154,734) | $(62,197) |
| Increase for fair value of awards granted during the covered fiscal year that vested during the covered fiscal year: | — | — | $129,234 | — | — | — | — |
| Increase for fair value of awards granted during the covered fiscal year that remain outstanding and unvested as of the covered fiscal year end: | $4,524,127 | $263,637 | — | $86,250 | $78,750 | $92,514 | $38,094 |
| Increase (deduction) for year-over-year change in fair value at covered fiscal year end of awards granted in any prior fiscal year that were outstanding and unvested at the covered fiscal year end: | — | $62,135 | — | $23,324 | $19,208 | $(75,786) | $(44,580) |
| Increase (deduction) for change in vesting date fair value of awards granted during the prior fiscal years that vested during the covered fiscal year compared to fair value of awards of prior fiscal year end: | — | $23,096 | $51,978 | $10,095 | $12,390 | $(658) | $(10,023) |
| Total Adjustments: | $1,719,879 | $141,132 | $68,196 | $43,217 | $40,544 | $(138,664) | $(78,706) |
| Compensation Actually Paid: | $7,071,945 | $1,204,957 | $805,641 | $839,093 | $625,550 | $664,603 | $556,471 |
(4)
The dollar amounts reported in this column represent the average of the amounts reported for our Non-PEO named executive officers as a group in the “Total” column of the Summary Compensation Table in each applicable year.
(5)
The amounts reported in this column reflect our cumulative TSR, assuming an initial fixed $100 investment in our Common Stock starting July 1, 2022 through the end of each listed fiscal year. Cumulative TSR is calculated by dividing the sum of cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between our stock price at the end and the beginning of the measurement period by our stock price at the beginning of the measurement period. No dividends were paid on our Common Stock during fiscal 2025, 2024, or 2023.
(6)
The dollar amounts reported represent the amount of net (loss) income attributable to Strattec’s shareholders as reflected in our consolidated financial statements for each applicable year.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.