As filed with the Securities and Exchange Commission on February 13, 2024

Registration No. 333-___


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549



FORM S-8

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933



STRATTEC SECURITY CORPORATION
(Exact name of registrant as specified in its charter)

Wisconsin

39-1804239
(State or other jurisdiction of Incorporation or organization)

(I.R.S. Employer Identification No.)

3333 West Good Hope Road
Milwaukee, Wisconsin

53209
(Address of principal executive offices)

(Zip Code)
 
AMENDED AND RESTATED STRATTEC SECURITY CORPORATION STOCK INCENTIVE PLAN
(Full title of the plan)
 
Dennis Bowe
Vice President and Chief Financial Officer
STRATTEC SECURITY CORPORATION
3333 West Good Hope Road

Copy to:

Eric P. Hagemeier, Esq.
Reinhart Boerner Van Deuren s.c.
Milwaukee, Wisconsin 53209

1000 North Water Street
(Name and address of agent for service)

Suite 1700
Milwaukee, Wisconsin 53202
414-247-3333

414-298-1000
(Telephone number, including area code of agent for service)



Indicate by check mark whether the restraint is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company”  in Rule 12b-2 of the Exchange Act.

Large accelerated filer  ☐
Accelerated filer   ☒
Non-accelerated filer  ☐
Smaller reporting company ☒
 
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.  ☐


 


PART II - INFORMATION REQUIRED IN THE
REGISTRATION STATEMENT
 
Item 3.
Incorporation of Documents by Reference.

This Registration Statement has been filed to register additional shares of the Registrant's common stock made available under the Amended and Restated STRATTEC SECURITY CORPORATION Stock Incentive Plan by reason of an amendment thereto approved by the shareholders of the Registrant. Pursuant to General Instruction E to Form S-8, the contents of the Registrant's earlier Registration Statements on Form S-8 (Registration Nos. 333-4300, 333-31002, 333-103219, 333-140715, 333-199906 and 333-249611) effective April 29, 1996, February 24, 2000, February 14, 2003, February 14, 2007, November 6, 2014 and October 22, 2020 are incorporated by reference and made a part hereof.

Item 8.
Exhibits.
 
Amended and Restated Articles of Incorporation of the Company. (Incorporated by reference from the exhibit to the Form 10-K filed on September 7, 2017.)
Amendment to Amended and Restated Articles of Incorporation of the Company. (Incorporated by reference from the exhibit to the Form 10-Q filed on November 7, 2019.)
Amendment to Amended and Restated Articles of Incorporation of the Company. (Incorporated by reference from the exhibit to the Form 8-K filed on October 21, 2021.)
Amended By-Laws of the Company. (Incorporated by reference from the exhibit to the Form 8-K filed on October 7, 2005.)
Opinion of Reinhart Boerner Van Deuren s.c. as to the legality of the common stock being registered. *
Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm. *
Consent of Crowe LLP, Independent Registered Public Accounting Firm. *
Consent of Reinhart Boerner Van Deuren s.c. (included in its opinion filed as Exhibit 5.1 hereto). *
Power of Attorney (included on the signature page hereto).
Amended and Restated STRATTEC SECURITY CORPORATION Stock Incentive Plan. (Filed as Appendix B to the Company’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on September 7, 2023 and incorporated herein by reference.)
Filing Fee Table. *


 
*
Filed herewith.
 
2

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Milwaukee, State of Wisconsin, on February 13, 2024.
 

STRATTEC SECURITY CORPORATION



By:
/s/ Dennis Bowe

 
Dennis Bowe, Vice President and Chief Financial Officer

POWER OF ATTORNEY

Each person whose signature appears below hereby constitutes and appoints Rolando J. Guillot and Dennis Bowe, and each of them individually, his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that either said attorney-in-fact and agent or his or her substitute may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Signature
 
Title
Date
       
/s/ Rolando J. Guillot

Interim President and Chief Executive Officer (Principal Executive Officer)
February 13, 2024
Rolando J. Guillot      
       
/s/ Dennis Bowe
 
Vice President, Chief Financial Officer, Treasurer and Secretary (Principal Financial and Accounting Officer)
February 13, 2024
Dennis Bowe      
       
/s/ Jack Liebau
 
Chairman and Director
February 13, 2024
F. Jack Liebau, Jr.      
       
/s/ Harold M. Stratton
 
Vice Chairman and Director
February 13, 2024
Harold M. Stratton II      
       
/s/ Tina Chang
 
Director
February 13, 2024
Tina Chang      

     
/s/ Thomas W. Florsheim
 
Director
February 13, 2024
Thomas W. Florsheim, Jr.      

     
/s/ Bruce M. Lisman
 
Director
February 13, 2024
Bruce M. Lisman      

     
/s/ David R. Zimmer
 
Director
February 13, 2024
David R. Zimmer      


3


Exhibit 5.1

REINHART BOERNER VAN DEUREN s.c.
1000 North Water Street
Milwaukee, WI 53202

February 13, 2024

STRATTEC SECURITY CORPORATION
3333 West Good Hope Road
Milwaukee, WI 53209

Ladies and Gentlemen:
Re:
Registration Statement on Form S‑8

We are providing this opinion in connection with the Registration Statement of STRATTEC SECURITY CORPORATION, a Wisconsin corporation (the “Company”), on Form S-8 (the “Registration Statement”), filed under the Securities Act of 1933, as amended (the “Act”), with respect to the proposed sale by the Company of up to an additional 250,000 shares of Company common stock, $0.01 par value per share (the “Shares”), pursuant to the provisions of the Amended and Restated STRATTEC SECURITY CORPORATION Stock Incentive Plan (the “Plan”).

We have examined (1) the Registration Statement; (2) the Company's Amended and Restated Articles of Incorporation and By-Laws, in each case as amended to date; (3) the Plan, as amended to date; (4) the corporate proceedings relating to the adoption of the Plan, the issuance of the Shares and the organization of the Company; and (5) such other documents and records as we have deemed necessary in order to render this opinion.  In rendering this opinion, we have relied as to certain factual matters on certificates of officers of the Company and of state officials.

Based upon the foregoing, it is our opinion that the Shares, when issued as and for the consideration contemplated by the Registration Statement and the Plan, will be validly issued, fully paid and nonassessable.

We consent to the filing of this opinion as an Exhibit to the Registration Statement.  In giving this consent, we do not admit that we are “experts” within the meaning of section 11 of the Act, or that we come within the category of persons whose consent is required by section 7 of the Act.


Yours very truly,




REINHART BOERNER VAN DEUREN s.c.




BY
/s/  Eric P. Hagemeier





Eric P. Hagemeier




Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated September 7, 2023 relating to the financial statements of STRATTEC SECURITY CORPORATION and the effectiveness of STRATTEC SECURITY CORPORATION’s internal control over financial reporting, appearing in the Annual Report on Form 10-K of STRATTEC SECURITY CORPORATION for the year ended July 2, 2023.

/s/ DELOITTE & TOUCHE LLP

Milwaukee, Wisconsin
February 13, 2024




Exhibit 23.2

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement of STRATTEC SECURITY CORPORATION on Form S-8 of our report dated September 8, 2022 on the consolidated balance sheet of STRATTEC SECURITY CORPORATION as of July 3, 2022 and the consolidated statements of income and comprehensive income, shareholders' equity and cash flows for the year ended.

/s/ CROWE LLP

Oak Brook, Illinois
February 13, 2024





Exhibit 107

CALCULATION OF FILING FEE TABLE

Form S-8
(Form Type)

STRATTEC SECURITY CORPORATION
(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

               
Security
Type
Title of
Securities
to be
Registered
Fee
Calculation
Rule
Amount to
be
Registered
Proposed
Maximum
Aggregate
Offering
Price per
Share
Proposed
Maximum
Aggregate
Offering Price
Fee
Rate
Amount of
Registration
Fee
Equity
Common Stock, $0.01 par value per share
457(c) and 457(h)
250,000 (1)
$25.85 (2)
$6,462,500 (2)
$147.60 per million dollars
$953.87 (2)
Total Offering Amounts
   
$6,462,500
 
$953.87
Total Fee Offsets
       
0.00
Net Fee Due
       
$953.87

(1)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement also covers any additional shares of Common Stock which become issuable under the Amended and Restated STRATTEC SECURITY CORPORATION Stock Incentive Plan (the “Plan”) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration by STRATTEC SECURITY CORPORATION (the “Registrant”) which results in an increase in the number of the outstanding shares of the Registrant’s Common Stock.

(2)
For the purpose of computing the registration fee, the Registrant has used $25.85 as the average of the high and low prices of the Common Stock as reported on February 6, 2024 on the NASDAQ Global Market for the offering price per share, in accordance with Rules 457(c) and (h) under the Securities Act.  The actual offering price will be determined in accordance with the terms of the Plan.




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