Business Context and Reporting Period
Company: STRATTEC SECURITY CORPORATION
Filing Type: Form 8-K (Current Report)
Date of Report: December 11, 2008
Reporting Period: Event-based report for December 11, 2008
This filing serves as a Regulation FD disclosure regarding a press release issued on December 11, 2008. The report details the declaration of a quarterly dividend and the completion of a strategic acquisition.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses on corporate events rather than financial performance metrics.
Material Changes and Corporate Events
- Acquisition Completion: STRATTEC, in partnership with WITTE Automotive of Velbert, Germany, and Vehicle Access Systems Technology LLC, completed the acquisition of certain assets from Delphi Corporation's global Power Products business.
- Assets Acquired: The transaction primarily included equipment and inventory.
- Liabilities Assumed: The company assumed certain employee liabilities associated with the acquired business.
- Dividend Declaration: The company announced the declaration of a quarterly dividend.
Guidance, Outlook, and Risks
The filing text does not contain specific forward-looking guidance, management commentary on future outlook, or a detailed discussion of risks and contingencies beyond the disclosure of the acquisition and dividend. The document explicitly states that the attached press release is furnished pursuant to Item 7.01 and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the specific amount of the declared quarterly dividend in the attached Press Release (Exhibit 99.1).
- Confirm the total purchase price and specific financial terms of the Delphi Corporation Power Products business acquisition.
- Review the detailed scope of employee liabilities assumed in the transaction.
- Assess the impact of the acquisition on the company's consolidated financial statements in the next quarterly report.