Key Developments For Strattec Security Corp
Strattec Security Corp (STRT.O) (Consolidated Issue listed on NASDAQ Global Market)
Strattec Security Corporation Delays Reporting Fiscal Third Quarter Results Due To Chrysler LLC Bankruptcy Filing
Strattec Security Corporation announced that it has delayed reporting operating results for the fiscal third quarter ended March 29, 2009 pending further understanding of the impact of the Chrysler LLC bankruptcy filing. The Company anticipates being able to release its fiscal third quarter results on or before May 8, 2009.
Strattec Security Corporation Declares Quarterly Dividend
Strattec Security Corporation announced that the Company's Board of Directors at a meeting on December 9, 2008 declared a quarterly cash dividend of $0.15 per common share. The quarterly dividend is payable on December 30, 2008 to shareholders of record as of December 17, 2008.
Strattec Security Corporation Declares Quarterly Dividend And Announces Expanded Share Repurchase Program
Strattec Security Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.15 per common share. The quarterly dividend is payable on October 1, 2008, to shareholders of record as of September 17, 2008. In addition, the Board authorized the repurchase of an additional 200,000 shares (approximately 6% of currently outstanding shares) under its ongoing stock repurchase program. Shares may be repurchased from time to time in open market transactions and will be held as Treasury Shares.
Strattec Security Corporation Announces Acquisition
Strattec Security Corporation announced that in combination with WITTE Automotive of Velbert, Germany, and Vehicle Access Systems Technology LLC (VAST), a joint venture between STRATTEC, WITTE and ADAC Automotive of Grand Rapids, Michigan, has reached a definitive agreement to acquire certain assets, primarily equipment and inventory, and assume certain employee liabilities of Delphi Corporation's Power Products business for $7.8 million. WITTE will acquire the European portion, and VAST LLC will acquire the Asian portion. The transaction is expected to complete the acquisition before the end of calendar 2008.
Strattec Security Corporation Declares Quarterly Dividend
Strattec Security Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share. The quarterly dividend is payable on July 1, 2008 to shareholders of record as of June 17, 2008.
