Strattec Security (STRT) Proxy filing summary

Executive summary

• Fiscal 2026 saw sales and earnings growth despite market volatility, with net sales rising 2.5% to $579.4M and gross margin improving by 150bps to 16.5%.

• Stock price increased 33%, outperforming the S&P 500, and cash on hand grew to $108.2M.

• Strategic initiatives included plant productivity improvements, IT and automation investments, and a strengthened management team.

• Share repurchases totaled $7.4M in Q4, with a new $40M authorization approved in May 2026.

• Board and management demonstrated confidence by purchasing shares in the open market.

Voting matters and shareholder proposals

• Shareholders will vote on electing seven directors (including two new nominees), ratifying Deloitte & Touche LLP as auditor, and approving executive compensation on an advisory basis.

• Board recommends voting FOR all proposals.

• Shareholder proxy access and direct communication with the Board are available.

Board of directors and corporate governance

• Board consists of seven members, six of whom are independent; two new nominees are proposed.

• Board leadership is separated between an independent Chair and the CEO.

• Committees (Audit, Compensation, Nominating/Governance) are fully independent and conduct annual self-evaluations.

• Board diversity includes gender and ethnic representation; 5 of 6 independent directors are new in the last five years.

• Directors are subject to meaningful stock ownership requirements.