Business Context and Reporting Period
Company: STRATTEC SECURITY CORPORATION
Filing Type: Form 8-K (Current Report)
Date of Report: September 15, 2003
Reporting Period: Event date of September 15, 2003
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a change in the registrant's certifying accountant.
Material Changes
Change in Independent Public Accountants:
- Dismissed: Deloitte & Touche LLP
- Appointed: Grant Thornton LLP
- Approval Date: September 15, 2003, by the Audit Committee
Audit History with Deloitte & Touche:
- Reports for fiscal years ended June 29, 2003, and June 30, 2002, contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- No disagreements occurred during the two most recent fiscal years or through September 15, 2003, regarding accounting principles, practices, financial statement disclosure, or auditing scope/procedure.
- No reportable events as defined in Item 304(a)(1)(v) of SEC Regulation S-K occurred.
Consultation with New Accountant:
- The Company did not consult with Grant Thornton regarding matters set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K during the relevant periods.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary on future performance, or specific risk factors beyond the standard disclosure of the accountant change.
Investor Verification Checklist
- Verify the reasons for dismissing Deloitte & Touche LLP, as they are not explicitly detailed in this filing.
- Confirm the receipt of the letter from Deloitte & Touche addressed to the SEC as requested by the Company.
- Review the engagement letter with Grant Thornton LLP to understand the scope of the new audit relationship.
- Monitor subsequent filings for any restatements or changes in accounting policies following the transition.