Business Context and Reporting Period
This Form 8-K filing by STRATTEC SECURITY CORP reports on the results of the 2013 Annual Meeting of Shareholders held on October 8, 2013. The filing details the election of directors and the advisory vote on executive compensation.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a corporate governance report and does not contain financial performance data.
Material Changes
No material financial changes are reported in this filing. The primary events are corporate governance actions regarding the Board of Directors and executive compensation approval.
Corporate Governance and Voting Results
- Shares Eligible to Vote: 3,456,096 shares of Common Stock.
- Proposal 1: Election of Director
- Frank J. Krejci was elected for a three-year term expiring at the 2016 annual meeting.
- Votes For: 2,677,151
- Votes Withheld: 80,821
- Broker Non-Votes: 0
- Continuing Directors:
- Michael J. Koss and David R. Zimmer (terms expire 2014).
- Harold M. Stratton II and Thomas W. Florsheim, Jr. (terms expire 2015).
- Proposal 2: Advisory Vote on Executive Compensation
- Shareholders voted in favor of the compensation plan.
- Votes For: 2,128,446
- Votes Against: 16,367
- Abstentions: 613,159
- Broker Non-Votes: 0
Outlook, Risks, and Contingencies
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Frank J. Krejci was re-elected to the Board of Directors with a significant majority of votes cast.
- The advisory vote on executive compensation passed, though abstentions (613,159) were notably high compared to votes against (16,367).
- The filing confirms the specific expiration dates for the terms of the remaining directors.
- No financial data is included in this specific 8-K; investors should refer to the most recent 10-K or 10-Q for financial metrics.