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AI brief of an SEC Form 8-K · STRATTEC SECURITY CORP (STRT)

Strattec Announces New $40 Million Share Repurchase Program, Replacing 1996 Program

Neutral Impact 3 of 5 shareholder Written later

Strattec's Board authorized a new share repurchase program of up to $40 million of its outstanding common stock, replacing the company's previous program, which dated to 1996 and has been terminated. The company is not obligated to repurchase any shares, and the program has no fixed expiration date.

Key points

  • Authorization: up to $40 million of outstanding common stock, announced May 28, 2026
  • Previous program, initiated in 1996, was terminated; during the fourth fiscal quarter and before termination, the company bought 110,269 shares at an average price of $67.10
  • Repurchases may be made through open market purchases, block trades, accelerated share repurchases, privately negotiated transactions, or Rule 10b5-1 plans, and may be modified, suspended, or terminated at any time

The filing

CompanySTRATTEC SECURITY CORP (STRT)
Form8-K, current report
Filed with the SECMay 28, 2026, 4:15 PM ET
Accession number0001193125-26-245261

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.