EX-99.1
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
__________________
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of
Report (Date of earliest event reported): October
4, 2005
|
STRATTEC
SECURITY CORPORATION
|
|
(Exact
name of registrant as specified in its
charter)
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Wisconsin
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|
(State
or other jurisdiction of
incorporation)
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0-25150
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39-1804239
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(Commission
File Number)
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|
(I.R.S.
Employer I.D. Number)
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3333
West Good Hope Road
Milwaukee,
WI
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53209
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(414)
247-3333
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(Registrant's
telephone number; including area
code)
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Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see
General
Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities
Act
(17
CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
(17
CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange
Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange
Act (17 CFR 240.13e-4(c))
Section
1 - Registrant's Business and Operations
Item
1.01 Entry
into a Material Definitive Agreement
On
October 4, 2005, at the annual meeting of shareholders of STRATTEC SECURITY
CORPORATION (the "Company"), the Company's shareholders approved a proposal
to
amend and restate the STRATTEC SECURITY CORPORATION Stock Incentive Plan (the
"Incentive Plan"). A copy of the Incentive Plan is attached hereto as an exhibit
and is incorporated herein by reference.
A
summary
description of the terms of the Incentive Plan is set forth in the Company's
definitive proxy statement on Schedule 14A filed with the Securities
and
Exchange Commission on August 29, 2005. The section of the definitive
proxy
statement entitled "Approval of the Amended and Restated Stock Incentive Plan"
from pages 3 to 8 are incorporated herein by reference. The form of restricted
stock grant agreement to be used under the Incentive Plan is attached hereto
as
an exhibit.
On
October 4, 2005, the Company's Board of Directors amended the STRATTEC SECURITY
CORPORATION Economic Value Added Bonus Plan for Executive Officers and Senior
Managers (the "EVA Plan"). The amendment creates a new class of officers of
the
Company eligible to participate under the EVA Plan. A copy of the amended EVA
Plan is attached to this report as Exhibit 99.3.
Section
5 - Corporate Governance and Management
Item
5.03 Amendments
to Articles of Incorporation or By-Laws; Change in Fiscal
Year
Effective
October 4, 2005, the Company's Board of Directors amended the By-Laws
of
the Company to provide for a new class of officers of the Company with the
title
of Senior Vice President. A copy of the amended By-Laws of the Company are
attached to this report as Exhibit 99.4.
Section
9 - Financial Statements and Exhibits
Item
9.01 Financial
Statements and Exhibits
(c) Exhibits
The
following exhibits are filed herewith:
Exhibit 99.1
- STRATTEC SECURITY CORPORATION Stock Incentive Plan.
Exhibit 99.2
- Form of Restricted Stock Grant Agreement.
Exhibit
99.3 - Amended STRATTEC SECURITY CORPORATION Economic Value Added Bonus Plan
for
Executive Officers and Senior Managers.
Exhibit
99.4 - Amended
By-Laws of the Company.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
STRATTEC
SECURITY CORPORATION
Date:
October 6, 2005
BY
/s/
Patrick J. Hansen___________________
Patrick
J. Hansen, Senior Vice President and
Chief
Financial Officer