Business Context and Reporting Period
Company: STRATTEC SECURITY CORPORATION
Filing Type: Form 8-K (Current Report)
Date of Report: December 27, 2013
Event: Entry into a Material Definitive Agreement regarding the company's credit facility.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, or specific debt balance data. The report focuses exclusively on the amendment of an existing credit agreement.
Material Changes
- Credit Agreement Amendment: On December 27, 2013, the Company entered into an amendment to its Credit Agreement originally dated August 1, 2011.
- Lender: BMO Harris Bank N.A.
- Term Extension: The amendment extends the term of the Credit Agreement through August 1, 2016.
Guidance, Outlook, and Risks
The filing text does not provide forward-looking guidance, management commentary on future performance, specific risk factors, or details on unusual items beyond the credit facility extension.
Investor Verification Checklist
- Verify the specific terms of the amendment (interest rates, covenants, and fees) in Exhibit 99.1 attached to the filing.
- Confirm the total available borrowing capacity under the amended Credit Agreement.
- Review the Company's most recent 10-K or 10-Q for current debt balances and liquidity positions not detailed in this 8-K.