Form 8-K

8-K — STRATTEC SECURITY CORP

Accession: 0000933034-26-000003

Filed: 2026-08-25

Period: 2026-08-25

CIK: 0000933034

SIC: 3714 (MOTOR VEHICLE PARTS & ACCESSORIES)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — strt-20260825.htm (Primary)

EX-99.1 (strt-ex99_1.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: strt-20260825.htm · Sequence: 1

8-K

false000093303400009330342026-08-252026-08-25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 25, 2026

STRATTEC SECURITY CORPORATION

(Exact Name of Registrant as Specified in Charter)

Wisconsin

0-25150

39-1804239

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

3333 West Good Hope Road, Milwaukee, Wisconsin 53209

(Address of Principal Executive Offices, and Zip Code)

(414) 247-3333

Registrant’s Telephone Number, Including Area Code

(Former name or former address, if changed since last report)

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:



Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $.01 par value

STRT

The Nasdaq Global Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On August 25, 2026, Strattec Security Corporation (the “Company”) issued a press release (the “Press Release”) announcing results for the fiscal fourth quarter ended June 28, 2026. A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 2.02 and Exhibit 99.1 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section. Furthermore, the information in this Item 2.02 and Exhibit 99.1 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended (the “Securities Act”), except as may be expressly set forth by specific reference in such filing.

Item 7.01

Regulation FD Disclosure.

As described in “Item 2.02 Results of Operations and Financial Condition” above, on August 25, 2026, the Company issued a Press Release announcing earnings results for the fiscal fourth quarter ended June 28, 2026. The Press Release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information in this Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section. Furthermore, the information in this Item 7.01 and Exhibit 99.1 shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act, except as may be expressly set forth by specific reference in such filing.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number

Description

99.1

Press Release of Strattec Security Corporation, issued August 25, 2026

104

104 – Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

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 hereunto duly authorized.

STRATTEC SECURITY CORPORATION

By:/s/ Matthew P. Pauli

Matthew P. Pauli, Senior Vice President and

Chief Financial Officer

Date: August 25, 2026

EX-99.1

Filename: strt-ex99_1.htm · Sequence: 2

EX-99.1

NEWS

RELEASE

FOR IMMEDIATE RELEASE

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

•

Fourth quarter fiscal 2026 sales of $151.8 million was better than expected and relatively unchanged from prior year; achieved sales of $579.4 million for fiscal year 2026

•

Reported fourth quarter gross margin of 15.6%; full year gross margin expanded to 16.5%, up from 15.0% in fiscal 2025

•

Generated fourth quarter net income attributable to Strattec of $3.9 million, or $0.95 per diluted share; adjusted diluted earnings per share were $2.06, unchanged from the prior-year period

•

Fourth quarter Adjusted EBITDA was $12.5 million, or 8.3% of net sales, compared with $13.0 million, or 8.5% of sales in the prior-year period; fiscal 2026 Adjusted EBITDA1 was $50.5 million, a 15.3% increase over the prior year

•

$108.2 million in cash and no debt; returned $7.4 million to shareholders through share repurchases in the fourth quarter and authorized a new $40 million share buyback program

MILWAUKEE, WI, August 25, 2026 — Strattec (Nasdaq: STRT), a global provider of highly engineered access solutions for the automotive and mobility industries, today reported financial results for its fourth quarter and fiscal year 2026, which ended June 28, 2026.

Jennifer Slater, President and CEO of Strattec, said, “Fiscal 2026 was a year of progress and discipline as we continued to reshape Strattec into a more resilient, higher-performing business. While our fourth quarter and full-year results were impacted by foreign exchange pressure and the effect of tariffs, we nonetheless delivered year-over-year growth in sales and gross margin expansion through disciplined pricing, cost actions and operational improvements.”

She added, “We recognize that the near-term environment remains uncertain and we have much work to do to secure future OEM vehicle platforms. We are managing costs and capital prudently, while our strong cash position gives us the flexibility to continue investing in our product technologies, production automation and customer relationships. These investments will better position us to benefit when industry conditions improve. The strength of our balance sheet also allows us to

1 Refer to use of “Non-GAAP Financial Metrics and Additional Financial Information” as well as accompanying reconciliations to GAAP

3333 WEST GOOD HOPE ROAD

MILWAUKEE, WI 53209

414.247.3333

WWW.STRATTEC.COM

NASDAQ:

STRT

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

August 25, 2026

Page 2 of 10

consider opportunities that could enhance scale and diversify our customers, products and programs over time.”

FY 2026 Fourth Quarter Financial Summary

Net sales were $151.8 million, relatively unchanged from $152.0 million in the prior-year period, and reflected better than expected OEM vehicle production volumes relative to industry forecasts. A majority of the volume decline, including $3.2 million related to customer cancelled EV programs, was offset by pricing actions.

Gross profit was $23.6 million, compared with $25.4 million in the prior year while gross margin contracted 110 basis points to 15.6%. Restructuring savings of $0.8 million, a $0.9 million reduction in tariff charges and pricing were more than offset by $1.9 million of higher costs related to unfavorable foreign currency exchange rates and the prior year benefit of $1.3 million of incremental tooling gains.

Selling, administrative and engineering (“SAE”) expenses increased 3%, or $0.6 million, to

$17.5 million, or 11.5% of sales, compared with $16.9 million, or 11.1% of sales, in the prior-year period. Higher SAE expenses included $1.4 million in business transformation and executive transition costs. These costs were partially offset by a $0.7 million reduction in engineering and professional fees and $0.2 million of restructuring savings.

Interest income grew $0.1 million on higher cash balances, while interest expenses declined

$0.2 million on lower borrowings. Other income increased $1.4 million primarily as a result of changes in foreign currency exchange rates.

Net income attributable to Strattec was $3.9 million, or $0.95 per diluted share, compared with

$8.3 million, or $2.01 per diluted share, in the prior-year period. On an adjusted basis, fourth quarter fiscal 2026 net income attributable to Strattec was $8.4 million and adjusted diluted earnings per share1 was $2.06 unchanged from the prior year.

Adjusted EBITDA1 for the quarter was $12.5 million compared with $13.0 million in the prior-year period. Adjusted EBITDA margin of 8.3%, compared with 8.5% in the fiscal 2025 fourth quarter.

Solid Balance Sheet

Cash from operations in the fourth quarter of fiscal 2026 was $9.7 million, compared with

$30.2 million in the prior-year period which benefited from a significant reduction in working capital.

At June 28, 2026, Strattec had $108.2 million in cash and cash equivalents, up from

$107.0 million at the end of the third quarter of fiscal 2026 and $84.6 million at the end of the prior fiscal year. During the quarter, the Company paid down the remaining $1.0 million in outstanding borrowings on the JV credit facility. The Company also repurchased 110,269 shares for $7.4 million for an average price of $67.10. There is $40 million remaining under the current share repurchase authorization.

Fourth Quarter and Fiscal Year 2026 Webcast and Conference Call

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

August 25, 2026

Page 3 of 10

Strattec will host a conference call and webcast tomorrow, Wednesday, August 26, 2026, at 8:00 am Central Time/9:00 am Eastern Time to review the financial and operating results for the period ended June 28, 2026, and provide an update on its transformation progress. A question-and-answer session will follow.

You can access the call by phoning +1 (201) 689-8470 or find the webcast and accompanying slide presentation at investors.strattec.com.

A telephonic replay will be available from approximately 11:00 am CT on the day of the call through Wednesday, September 9, 2026. To listen to the archived call, dial +1 (412) 317-6671 and enter replay PIN 13761060. The webcast replay will be available on the Investor Relations section of the Company’s website at investors.strattec.com, where a transcript will be posted once available.

About Strattec

Strattec is a global automotive access company that designs and delivers safe, secure, and highly engineered access solutions for the automotive and mobility industries. Built on generations of access and security engineering expertise, Strattec partners closely with OEMs to create differentiated, system‑level access experiences for end consumers. Strattec’s portfolio spans the access journey from Permission, enabling secure vehicle entry through advanced mechanical and electronic systems; to Motion, delivering effortless, reliable powered access that enhances everyday usability; and through to Hold, providing precision‑engineered latching solutions that give drivers confidence through proven strength, safety, and durability trusted by OEMs worldwide.

As access becomes increasingly intelligent, connected, and central to vehicle experience, Strattec’s strategy is to expand its market share, further diversify its customers and geographic reach while becoming the most trusted access partner to drive long‑term growth across global automotive and mobility markets. For more information, visit www.strattec.com.

Safe Harbor Statement

Certain statements contained in this release contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as “anticipate,” “believe,” “could,” “expect,” “intend,” “may,” “planned,” “potential,” “should,” “will,” and “would.” Such forward-looking statements are inherently subject to many uncertainties in the Company’s operations and business environment. These uncertainties include general economic conditions, in particular, relating to the automotive industry, consumer demand for the Company’s and its customers’ products, competitive and technological developments, customer purchasing actions, changes in warranty provisions and customer product recall policies, work stoppages at the Company or at the location of its key customers as a result of labor disputes, foreign currency fluctuations, uncertainties stemming from U.S. trade policies, tariffs and reactions to the same from foreign countries, matters adversely impacting the timing and availability of component parts and raw materials needed for the production of the Company’s products and the products of its customers and fluctuations in costs of operation. Shareholders, potential investors and other readers are urged to consider these factors carefully in

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

August 25, 2026

Page 4 of 10

evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. Such uncertainties and other operational matters are discussed further in the Company’s quarterly and annual filings with the Securities and Exchange Commission. The forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances occurring after the date of this release.

Use of Non-Gaap Financial Metrics and Additional Financial Information

In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Strattec provides Adjusted Non-GAAP information as additional information for its operating results. References to Adjusted Non-GAAP information are to non-GAAP financial measures. These measures are not required by, in accordance with, or an alternative for, GAAP and may be different from similarly titled non-GAAP financial measures used by other companies. Strattec’s management uses these measures to make strategic decisions, establish budget plans and forecasts, identify trends affecting Strattec’s business, and evaluate performance. Management believes that providing these non-GAAP financial measures to investors, as a supplement to GAAP financial measures, will help investors evaluate Strattec’s core operating and financial performance and business trends consistent with how management evaluates such performance and trends. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures.

###

Investor Contact:

Deborah K. Pawlowski, IRC

Alliance Advisors IR

Phone: 716-843-3908

Email: dpawlowski@allianceadvisors.com

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

August 25, 2026

Page 5 of 10

STRATTEC SECURITY CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(in thousands, except per share amounts)

Three Months Ended

Twelve Months Ended

June 28,

2026

June 29,

2025

June 28,

2026

June 29,

2025

Net sales

151,827

152,013

579,392

565,066

Cost of goods sold

128,179

126,613

484,027

480,489

Gross profit

23,648

25,400

95,365

84,577

Gross margin

15.6

16.7

16.5

15.0

Selling, administrative and engineering expenses

17,480

16,898

68,842

61,793

Income from operations

6,168

8,502

26,523

22,784

Operating margin

4.1

5.6

4.6

4.0

Interest income

859

753

3,500

2,039

Interest expense

(37

)

(212

)

(359

)

(1,007

)

Other income, net

2,630

1,189

3,298

820

Income before provision for income taxes and

non-controlling interest

9,620

10,232

32,962

24,636

Income tax expense

6,002

2,170

11,339

5,717

Net income

3,618

8,062

21,623

18,919

Net income (loss) attributable to non-controlling interest

(264

)

(205

)

1,025

234

Net income attributable to Strattec

3,882

8,267

20,598

18,685

Earnings per share attributable to Strattec

Basic

0.96

2.05

5.07

4.64

Diluted

0.95

2.01

5.00

4.58

Weighted average shares outstanding:

Basic

4,035

4,039

4,064

4,030

Diluted

4,091

4,105

4,122

4,076

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

August 25, 2026

Page 6 of 10

STRATTEC SECURITY CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(in thousands, except share amounts)

June 28,

2026

June 29,

2025

ASSETS

Current Assets:

Cash and cash equivalents

108,243

84,579

Receivables, net

99,109

102,061

Inventories, net

64,310

64,701

Pre-production costs

6,489

8,657

Value-added tax recoverable

10,069

19,389

Other current assets

8,053

10,676

Total current assets

296,273

290,063

Noncurrent Assets:

Property, plant and equipment, net

69,845

77,410

Deferred income taxes

16,080

19,531

Other long-term assets

5,281

4,450

Total Assets

387,479

391,454

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current Liabilities:

Accounts payable

54,973

65,824

Accrued payroll and benefits

20,773

22,956

Value-added tax payable

7,429

11,933

Warranty reserve

6,673

8,900

Other current liabilities

12,383

9,737

Total current liabilities

102,231

119,350

Noncurrent Liabilities:

Borrowings under credit facilities

—

8,000

Post-employment benefits

13,350

13,325

Other noncurrent liabilities

6,401

4,348

Total Liabilities

121,982

145,023

Shareholders’ Equity:

Common stock, authorized 18,000,000 shares, $.01 par value, 7,704,994 issued shares at June 28, 2026 and 7,635,883 issued shares at June 29, 2025

Capital in excess of par value

107,138

103,784

Retained earnings

289,895

269,297

Accumulated other comprehensive loss

(14,143

)

(16,113

)

Less: treasury stock, at cost (3,727,322 shares at June 28, 2026 and 3,596,549 shares at June 29, 2025)

(144,321

)

(135,452

)

Total Strattec shareholders’ equity

238,646

221,592

Non-controlling interest

26,851

24,839

Total Shareholders' Equity

265,497

246,431

Total Liabilities and Shareholders' Equity

387,479

391,454

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

August 25, 2026

Page 7 of 10

STRATTEC SECURITY CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(in thousands)

Three Months Ended

Twelve Months Ended

June 28,

2026

June 29,

2025

June 28,

2026

June 29,

2025

OPERATING ACTIVITIES:

Net income

3,618

8,062

21,623

18,919

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

3,635

3,812

15,085

14,764

Foreign currency transaction loss (gain)

1,029

1,643

1,560

591

Deferred income taxes

3,563

(1,890

)

3,563

(1,890

)

Stock-based compensation expense

700

886

3,305

2,725

Unrealized (gain) loss on peso forward contracts

(2,461

)

(2,545

)

349

(2,314

)

Other, net

240

271

345

1,348

Change in operating assets and liabilities

Receivables

1,364

7,152

2,992

(3,085

)

Inventories

9,091

10,890

391

16,948

Prepaids and other assets

(2,516

)

6,033

9,466

12,027

Accounts payable

(9,497

)

(6,056

)

(10,431

)

10,674

Accrued liabilities

888

1,918

(1,944

)

970

Net cash provided by operating activities

9,654

30,176

46,304

71,677

INVESTING ACTIVITIES:

Purchase of property, plant and equipment

(1,415

)

(2,996

)

(7,328

)

(7,156

)

Proceeds from sale of property, plant and equipment

1,671

—

1,930

—

Net cash (used in) provided by investing activities

256

(2,996

)

(5,398

)

(7,156

)

FINANCING ACTIVITIES:

Borrowings under credit facilities

—

3,000

Repayment of borrowings under credit facilities

(1,000

)

(5,000

)

(8,000

)

(8,000

)

Payment for debt issuance costs

(34

)

—

(132

)

—

Repurchases of common stock under share repurchase program

(7,400

)

—

(7,400

)

—

Payment for taxes withheld from stock-based awards

(89

)

—

(1,442

)

—

Share issuances

Net cash used in financing activities

(8,506

)

(4,983

)

(16,910

)

(4,939

)

Foreign currency impact on cash

(118

)

276

(332

)

(413

)

NET INCREASE IN CASH AND CASH EQUIVALENTS

1,286

22,473

23,664

59,169

CASH AND CASH EQUIVALENTS

Beginning of period

106,957

62,106

84,579

25,410

End of period

108,243

84,579

108,243

84,579

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

August 25, 2026

Page 8 of 10

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Cash paid during the period for:

Income taxes

2,825

5,039

4,746

14,174

Interest

—

276

218

1,007

Non-cash investing activities:

Change in capital expenditures in accounts payable

(72

)

(1,148

)

(79

)

(422

)

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

August 25, 2026

Page 9 of 10

STRATTEC SECURITY CORPORATION

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(in thousands, except per share amounts)

Fiscal 2025

Fiscal 2026

Total

NET SALES:

Net Sales (GAAP)

139,052

129,919

144,082

152,013

565,066

152,399

137,534

137,632

151,827

579,392

ADJUSTED EBITDA:

Net income attributable to Strattec (GAAP)

3,703

1,319

5,396

8,267

18,685

8,529

4,947

3,240

3,882

20,598

Net income (loss) attributable to non-controlling interest

315

(205

)

234

696

585

(264

)

1,025

Income tax expense

1,498

405

1,644

2,170

5,717

2,356

1,699

1,282

6,002

11,339

Other (income) expense, net

(129

)

482

(1,189

)

(820

)

275

(1,691

)

748

(2,630

)

(3,298

)

Interest income

(349

)

(408

)

(529

)

(753

)

(2,039

)

(877

)

(885

)

(879

)

(859

)

(3,500

)

Interest expense

295

257

243

212

1,007

156

359

Income from operations

5,063

2,134

7,085

8,502

22,784

10,447

4,862

5,046

6,168

26,523

Adjustments:

Depreciation

3,662

3,544

3,746

3,812

14,764

3,785

3,893

3,772

3,635

15,085

Non-cash stock-based compensation

188

891

760

887

2,726

669

1,125

811

700

3,305

Restructuring and similar charges

265

809

(676

)

398

1,305

424

(30

)

1,699

Cancelled program settlements

(1,323

)

(1,323

)

Executive transition costs

941

921

214

(17

)

2,058

136

423

240

887

Business transformation costs

215

259

479

1,027

514

994

960

1,824

4,292

4,865

5,836

5,788

4,485

20,974

5,104

7,405

5,067

6,369

23,945

Adjusted EBITDA (Non-GAAP)

9,928

7,970

12,873

12,987

43,758

15,551

12,267

10,113

12,537

50,468

Adjusted EBITDA as a % of Net Sales

7.1

6.1

8.9

8.5

7.7

10.2

8.9

7.3

8.3

8.7

ADJUSTED NET INCOME AND EARNINGS PER SHARE:

Net income attributable to Strattec (GAAP)

3,703

1,319

5,396

8,267

18,685

8,529

4,947

3,240

3,882

20,598

Adjustments:

Restructuring and similar charges

265

809

(676

)

398

570

1,165

572

2,356

Cancelled program settlements

(1,323

)

(1,323

)

Strattec Transformation Delivers Margin Improvement and Strong Cash Generation in Fiscal 2026

August 25, 2026

Page 10 of 10

Executive transition costs

1,224

1,225

214

115

2,778

136

423

240

887

Business transformation costs

215

259

479

1,027

514

994

960

1,824

4,292

Non-controlling interest impact

(160

)

160

(196

)

190

)

Tax effect on above adjustments and other discrete tax items

(292

)

(384

)

(376

)

107

(945

)

(383

)

(335

)

(139

)

2,388

1,531

1,006

1,321

746

185

3,258

641

2,102

484

4,529

7,756

Adjusted Net Income attributable to Strattec (Non-GAAP)

4,709

2,640

6,142

8,452

21,943

9,170

7,049

3,724

8,411

28,354

Weighted Average Basic Shares Outstanding

4,005

4,035

4,039

4,030

4,054

4,080

4,085

4,035

4,064

Weighted Average Diluted Shares Outstanding

4,046

4,070

4,085

4,105

4,076

4,127

4,131

4,141

4,091

4,122

Diluted earnings per share (GAAP)

0.92

0.32

1.32

2.01

4.58

2.07

1.20

0.78

0.95

5.00

Adjusted dilutive earnings per share (Non-GAAP)

1.16

0.65

1.50

2.06

5.38

2.22

1.71

0.90

2.06

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v3.26.1

Document and Entity Information

Aug. 25, 2026

Cover [Abstract]

Document Type

8-K

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false

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Aug. 25, 2026

Entity Registrant Name

STRATTEC SECURITY CORPORATION

Entity Central Index Key

0000933034

Entity Emerging Growth Company

false

Entity Incorporation, State or Country Code

Entity File Number

0-25150

Entity Tax Identification Number

39-1804239

Entity Address, Address Line One

3333 West Good Hope Road

Entity Address, City or Town

Milwaukee

Entity Address, State or Province

Entity Address, Postal Zip Code

53209

City Area Code

(414)

Local Phone Number

247-3333

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Common Stock, $.01 par value

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STRT

Security Exchange Name

NASDAQ

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