<SEC-DOCUMENT>0001140361-20-022800.txt : 20201009
<SEC-HEADER>0001140361-20-022800.hdr.sgml : 20201009
<ACCEPTANCE-DATETIME>20201009160132
ACCESSION NUMBER:		0001140361-20-022800
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201006
ITEM INFORMATION:		Changes in Registrant's Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20201009
DATE AS OF CHANGE:		20201009

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STRATTEC SECURITY CORP
		CENTRAL INDEX KEY:			0000933034
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				391804239
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			0628

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25150
		FILM NUMBER:		201233209

	BUSINESS ADDRESS:	
		STREET 1:		3333 WEST GOOD HOPE ROAD
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53209
		BUSINESS PHONE:		4142473333

	MAIL ADDRESS:	
		STREET 1:		3333 W GOOD HOPE ROAD
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53209
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>brhc10015879_8k.htm
<DESCRIPTION>8-K
<TEXT>
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    <div>
      <div style="text-align: center; font-size: 14pt;">UNITED STATES</div>
      <div style="text-align: center; font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt;">WASHINGTON, DC 20549</div>
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      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
      <div><br>
      </div>
      <div style="text-align: center;">CURRENT REPORT</div>
      <div style="text-align: center;">PURSUANT TO SECTION 13 OR 15(d) OF THE</div>
      <div style="text-align: center;">SECURITIES EXCHANGE ACT OF 1934</div>
      <div><br>
      </div>
      <div style="text-align: center;">Date of Report (Date of earliest event reported):&#160; <u>October 6, 2020</u></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="z3f90b10f225c470c99c890c14c8497e9" style="border-collapse: collapse; width: 80%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

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              <div style="text-align: center; font-weight: bold;">STRATTEC SECURITY CORPORATION</div>
            </td>
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          <tr>
            <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">(Exact name of registrant as specified in charter)</div>
            </td>
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      <table cellspacing="0" cellpadding="0" border="0" align="center" id="zd6f5e31df1254f5887f1b30a263f1aa8" style="border-collapse: collapse; width: 80%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

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            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: center;">Wisconsin</div>
            </td>
          </tr>
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            <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">(State or other jurisdiction of incorporation)</div>
            </td>
          </tr>

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            <td style="width: 44%; vertical-align: top;">
              <div style="text-align: center;">0-25150</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
            <td style="width: 44%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">39-1804239</div>
            </td>
          </tr>
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            <td style="width: 44%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">(Commission File Number)</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
            <td style="width: 44%; vertical-align: top;">
              <div style="text-align: center;">(I.R.S. Employer I.D. Number)</div>
            </td>
          </tr>

      </table>
      <div><br>
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      <table cellspacing="0" cellpadding="0" border="0" id="z0da4a82fe85d416dac4c540813a29807" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <td style="width: 44%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">3333 West Good Hope Road</div>
              <div style="text-align: center;">Milwaukee, WI</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
            <td style="width: 44%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>&#160;</div>
              <div style="text-align: center;">53209</div>
            </td>
          </tr>
          <tr>
            <td style="width: 44%; vertical-align: top;">
              <div style="text-align: center;">(Address of Principal Executive Offices)</div>
            </td>
            <td style="width: 12%; vertical-align: top;">&#160;</td>
            <td style="width: 44%; vertical-align: top;">
              <div style="text-align: center;">(Zip Code)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" align="center" id="zd846b51ca39e49d29568b39a15fb2256" style="border-collapse: collapse; width: 80%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

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            <td style="width: 80%; vertical-align: top;">
              <div style="text-align: center;">(414) 247-3333</div>
            </td>
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          <tr>
            <td style="width: 80%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;">(Registrant's telephone number; including area code)</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-indent: 24.5pt;">Securities registered or to be registered pursuant to Section 12(b) of the Act:</div>
      <div><br>
      </div>
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              <div style="text-align: center; color: #000000; font-weight: bold;">Title of each class</div>
            </td>
            <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000; font-weight: bold;">Trading symbol(s)</div>
            </td>
            <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000; font-weight: bold;">Name of exchange on which registered</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">Common stock, $.01 par value</div>
            </td>
            <td nowrap="nowrap" style="width: 34%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">STRT</div>
            </td>
            <td nowrap="nowrap" style="width: 33%; vertical-align: bottom; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; color: #000000;">The Nasdaq Global Stock Market</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
        (<font style="font-style: italic;">see</font> General Instruction A.2. below):</div>
      <div><br>
      </div>
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                <td style="vertical-align: top; width: 18pt;">
                  <div>&#9744;</div>
                </td>
                <td style="align: left; vertical-align: top; width: auto;">
                  <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
                </td>
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      </div>
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                <td style="vertical-align: top; width: 18pt;">
                  <div>&#9744;</div>
                </td>
                <td style="align: left; vertical-align: top; width: auto;">
                  <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
                </td>
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      </div>
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                <td style="vertical-align: top; width: 18pt;">
                  <div>&#9744;</div>
                </td>
                <td style="align: left; vertical-align: top; width: auto;">
                  <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
                </td>
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        </div>
      </div>
      <div><br>
      </div>
      <div>
        <div>
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                <td style="vertical-align: top; width: 18pt;">
                  <div>&#9744;</div>
                </td>
                <td style="align: left; vertical-align: top; width: auto;">
                  <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
                </td>
              </tr>

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        </div>
      </div>
      <div><br>
      </div>
      <div style="color: #211D1E;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
        chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
      <div><br>
      </div>
      <div style="text-align: right; margin-right: 244.8pt; color: #211D1E;">Emerging Growth Company &#9744;</div>
      <div><br>
      </div>
      <div style="color: #211D1E;">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 13(a) of the Exchange Act. &#9744;</div>
      <div><br>
      </div>
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      <div style="text-align: center; font-weight: bold;">Section 4 &#8211; Matters Related to Accountants and Financial Statements</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z878d9dcf8064442fa8065d2938014335" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 45pt; vertical-align: top;"><u>Item 4.01</u>.</td>
            <td style="width: auto; vertical-align: top;">
              <div><font style="color: #000000;"><u>Changes in Registrant's Certifying Accountant</u></font><font style="color: #000000;">.</font></div>
            </td>
          </tr>

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      <div><br>
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      <div style="text-indent: 36pt;">On October 6, 2020, STRATTEC SECURITY CORPORATION (the "<u>Company</u>")
        dismissed Deloitte &amp; Touche LLP as its independent public accountants and appointed Crowe LLP as its new independent public accountants.&#160; The decision to dismiss Deloitte &amp; Touche and to retain Crowe<font style="font-weight: bold;">&#160;</font>was approved by the Company's Audit Committee on October 6, 2020.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">Deloitte &amp; Touche's reports on the Company's consolidated financial statements for each of the fiscal years ended June 28, 2020 and June 30, 2019
        did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except the audit report on our financial statements as of and for the fiscal years ended June
        28, 2020 and June 30, 2019 did contain an explanatory paragraph related to our adoption of a new accounting principle.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">During the Company's two most recent fiscal years and through October 6, 2020, there were no disagreements with Deloitte &amp; Touche on any matter of
        accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to Deloitte &amp; Touche's satisfaction, would have caused them to make reference to the subject matter in connection with
        their report on the Company's consolidated financial statements for such years; and there were no reportable events, as listed in Item 304(a)(1)(v) of SEC Regulation S-K.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">The Company has provided Deloitte &amp; Touche with a copy of the foregoing disclosures and has requested that Deloitte &amp; Touche review such
        disclosures and provide a letter addressed to the Securities and Exchange Commission as specified by Item 304(a)(3) of Regulation S-K.&#160; A copy of Deloitte &amp; Touche's letter to the Securities and Exchange Commission is attached to this report as
        Exhibit 16.1.</div>
      <div><br>
      </div>
      <div style="text-indent: 36pt;">During the fiscal years ended June 28, 2020 and June 30, 2019, and the subsequent interim period through October 6, 2020, the Company did not consult
        with Crowe LLP<font style="font-weight: bold;">&#160;</font>regarding any of the matters or events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">Section 9 - Financial Statements and Exhibits</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="z9b309b3aa44f49c3bb514f757001e6b6" class="DSPFListTable">

            <tr style="vertical-align: top;">
              <td style="vertical-align: top; width: 45pt;">
                <div style="text-align: left;"><u>Item 9.01</u>.</div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div style="text-align: left;"><u>Financial Statements and Exhibits</u>.</div>
              </td>
            </tr>

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      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="ze84a6f89f3b94eb98a5f922ad065a5f6" class="DSPFListTable">

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              <td style="width: 45pt;">&#160;</td>
              <td style="vertical-align: top; width: 18pt;">
                <div style="text-align: left;">(d)</div>
              </td>
              <td style="align: left; vertical-align: top; width: auto;">
                <div style="text-align: left;">Exhibits</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="margin-left: 63pt;"><a href="brhc10015879_ex16-1.htm">16.1</a>
        -- Letter of Deloitte &amp; Touche LLP dated October 9, 2020 concerning change in the registrant's certifying accountant.</div>
      <div><br>
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      <div style="text-align: center;">SIGNATURE</div>
      <div><br>
      </div>
      <div style="text-indent: 32.5pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
        undersigned thereunto duly authorized.</div>
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 38%;" colspan="2">
                <div style="text-align: left;">STRATTEC SECURITY CORPORATION</div>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">
                <div style="text-align: left;">Date:&#160; October 9, 2020</div>
              </td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
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              <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt"><br>
                </div>
              </td>
              <td valign="top" style="width: 3%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
              </td>
              <td valign="top" nowrap="nowrap" align="left" style="width: 35%; border-bottom: #000000 2px solid">/s/ Patrick J. Hansen</td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" align="left" style="width: 35%;">Patrick J. Hansen, Senior Vice President and</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 35%;">
                <div style="text-align: left;">Chief Financial Officer</div>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
    </div>
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<DOCUMENT>
<TYPE>EX-16.1
<SEQUENCE>2
<FILENAME>brhc10015879_ex16-1.htm
<DESCRIPTION>EXHIBIT 16.1
<TEXT>
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        <div style="text-align: right;">Exhibit 16.1</div>
      </div>
      <div> <br>
      </div>
      <div>October 9, 2020</div>
      <div><br>
      </div>
      <div style="margin-right: 282.7pt;">Securities and Exchange Commission</div>
      <div style="margin-right: 282.7pt;">100 F Street, N.E.</div>
      <div>Washington, D.C. 20549-7561</div>
      <div><br>
      </div>
      <div>Dear Sirs/Madams:</div>
      <div> <br>
      </div>
      <div style="margin-right: 4.35pt;">We have read Item 4.01 of STRATTEC SECURITY CORPORATION's Form 8-K dated October 6, 2020, and we agree with the statements made therein.</div>
      <div><br>
      </div>
      <div>Yours truly,</div>
      <div> <br>
      </div>
      <div>/s/ DELOITTE &amp; TOUCHE LLP</div>
      <div id="DSPFPageFooter">
        <div><br>
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