Strattec Security (STRT) Proxy Filing summary

Executive summary

• Achieved strong financial performance in FY2025, with net sales up 5.1% to $565.1M and gross profit margin rising to 15% from 12.2% in FY2024.

• Stock price increased 149% over the fiscal year, outperforming the S&P 500's 14% gain.

• Significant leadership changes: Jennifer Slater appointed CEO (July 2024), with new CFO, CCO, and CPO joining in November 2024.

• Board declassified, now with annual director elections and enhanced proxy access for shareholders.

Voting matters and shareholder proposals

• Shareholders to vote on: election of six directors, ratification of Deloitte & Touche LLP as auditor, and advisory approval of executive compensation.

• Board recommends voting FOR all proposals.

• Shareholders may submit proposals for the 2026 meeting by June 17, 2026.

Board of directors and corporate governance

• Board consists of six members, five of whom are independent; diverse in gender and skills.

• Board committees: Audit, Compensation, and Nominating & Corporate Governance, all with independent members.

• Annual board, committee, and individual self-evaluations; 100% director attendance at meetings.

• Chair and CEO roles are separated; independent Chair since January 2024.