Registration No. ________
As filed with the Securities and Exchange Commission on February 24, 2000
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 (I.R.S. Employer
Incorporation or Organization) Identification No.)
3333 West Good Hope Road
Milwaukee, Wisconsin 53209
(Address of principal executive offices) (ZIP Code)
_________________________
STRATTEC SECURITY CORPORATION
STOCK INCENTIVE PLAN
(Full title of the plan)
_________________________
Copy to:
PATRICK J. HANSEN JAMES M. BEDORE, ESQ.
Vice President, Chief Financial Reinhart, Boerner, Van Deuren,
Officer, Treasurer and Secretary Norris & Rieselbach, s.c.
STRATTEC SECURITY CORPORATION 1000 North Water Street
3333 West Good Hope Road Milwaukee, Wisconsin 53202
Milwaukee, Wisconsin 53209
(Name and address of agent for service)
414-247-3333
(Telephone number, including area code, of agent for service)
_________________________
CALCULATION OF REGISTRATION FEE
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<CAPTION>
Proposed
Proposed Maximum
Title of Securities Maximum Aggregate Amount of
to be Amount to be Offering Price Offering Registration
Registered Registered Per Share Price (1) Fee
- -------------------- -------------- ---------------- ------------ -------------
<S> <C> <C> <C> <C>
Common Stock,
.01 par value . . . 411,082 shares $ 33.06 (1)(2) $ 13,590,371 $ 3,588
<FN>
- ------------
(1) For the purpose of computing the registration fee, STRATTEC SECURITY
CORPORATION (the "Registrant") has used $33.06 as the average of the high and low
prices of the Common Stock as reported on February 23, 2000 on the Nasdaq National
Market for the offering price per share, in accordance with Rule 457(h).
(2) The actual offering price will be determined in accordance with the terms
of the Plan.
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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 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 Statement on Form S-8
(Registration No. 333-4300) effective April 29, 1996 are incorporated by
reference and made a part hereof.
Item 8. Exhibits.
--------
4.1 Amended and Restated Articles of Incorporation of the Registrant.
4.2 By-Laws of the Registrant.
4.3 Rights Agreement, dated as of February 6, 1996, between the Registrant
and Firstar Trust Company, as Rights Agent, which includes the Form of
Right Certificate as Exhibit A and the Summary of Rights to Purchase
Common Shares as Exhibit B.
5 Opinion of Reinhart, Boerner, Van Deuren, Norris & Rieselbach, s.c. as to
the legality of the stock being registered.
23.1 Consent of Arthur Andersen LLP.
23.2 Consent of Reinhart, Boerner, Van Deuren, Norris & Rieselbach, s.c.
(included in Exhibit 5).
24 Power of Attorney.
2
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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 24, 2000.
STRATTEC SECURITY CORPORATION
(Registrant)
By /s/ Harold M. Stratton II
-------------------------------------
Harold M. Stratton II
Chairman and Chief Executive Officer
_______________________________
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below, constitutes and appoints Harold M. Stratton II and John G.
Cahill, and each of them, as true and lawful attorney-in-fact and agent, with
full power of substitution and resubstitution for him and in his 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 onto each said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
necessary to be done in and about the premises, as fully to all intents and
purposes as he might or could do in person, hereby ratifying and confirming all
that said attorney-in-fact and agent or his 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 date indicated.
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SIGNATURE TITLE DATE
<S> <C> <C>
/s/ Harold M. Stratton II
- -------------------------- Chairman, Chief Executive Officer, and
Harold M. Stratton II Director (Principal Executive Officer) February 24, 2000
/s/ John G. Cahill
- -------------------------- President, Chief Operating Officer and
John G. Cahill Director February 24, 2000
/s/ Patrick J. Hansen
- -------------------------- Vice President, Chief Financial Officer,
Patrick J. Hansen Treasurer and Secretary (Principal Financial
Officer and Principal Accounting Officer) February 24, 2000
/s/ Frank J. Krejci
- --------------------------
Frank J. Krejci Director February 24, 2000
/s/ Michael J. Koss
- --------------------------
Michael J. Koss Director February 24, 2000
/s/ Robert Feitler
- --------------------------
Robert Feitler Director February 24, 2000
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3
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STRATTEC SECURITY CORPORATION
(THE "REGISTRANT")
(COMMISSION FILE NO. 0-25150)
EXHIBIT INDEX
TO
FORM S-8 REGISTRATION STATEMENT
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<CAPTION>
EXHIBIT INCORPORATED HEREIN FILED
NUMBER DESCRIPTION BY REFERENCE TO HEREWITH
<C> <S> <C> <C>
4.1 Amended and Restated Articles Appendix B to the Registrant's
of Incorporation of the Registrant Information Statement annexed to,
and filed as Exhibit 2.1 to, the
Registrant's Form 10/A Amendment
No. 2 to Registration Statement dated
February 6, 1995
4.2 By-Laws of the Registrant Appendix C to the Registrant's
Information Statement annexed to,
and filed as Exhibit 2.1 to, the
Registrant's Form 10/A Amendment
No. 2 to Registration Statement dated
February 6, 1995
4.3 Rights Agreement dated as of Exhibit 4.1 to the Registrant's
February 6, 1995, between the Form 10/A Amendment No. 2 to
Registrant and Firstar Trust Registration Statement dated
Company, as Rights Agent February 6, 1995
which includes the Form of Right
Certificate as Exhibit A and the
Summary of Rights to Purchase
Common Shares as Exhibit B
5 Opinion of Counsel X
23.1 Consent of Arthur Andersen LLP X
23.2 Consent of Counsel Contained
in Opinion
filed as
Exhibit 5
24 Powers of Attorney Signature Page to Registration
Statement
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EXHIBIT 5
February 24, 2000
STRATTEC SECURITY CORPORATION
3333 West Good Hope Road
Milwaukee, Wisconsin 53209
Gentlemen:
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 1,200,000 shares of Company common stock, $.01 par value per share (the
"Shares"), pursuant to the provisions of the STRATTEC SECURITY CORPORATION Stock
Incentive Plan (the "Plan").
We have examined (i) the Registration Statement, (ii) the Company's Amended
and Restated Articles of Incorporation and By-Laws, as amended to date, (iii)
the Plan, (iv) the corporate proceedings relating to the adoption of the Plan,
the issuance of the Shares and the organization of the Company, and (v) 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:
1. The Company is a corporation validly existing under the laws of the State
of Wisconsin and, based solely on a certificate of the Department of Financial
Institutions of the State of Wisconsin (the "DFI"); (a) has filed with the DFI
during its most recently completed report year the required annual report; (b)
is not the subject of a proceeding under Wisconsin Statutes section 180.1421 to
cause its administrative dissolution; (c) no determination has been made by the
DFI that grounds exist for such action; (d) no filing has been made with the DFI
of a decree of dissolution with respect to the Company; and (e) Articles of
Dissolution of the Company have not been filed with the DFI.
2. The Shares, when issued as and for the consideration contemplated by the
Registration Statement and the Plan, will be validly issued, fully paid and
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non-assessable by the Company, subject to the personal liability which may be
imposed on shareholders by Section 180.0622(2)(b) of the Wisconsin Business
Corporation Law, as judicially interpreted, for debts owing to employees for
services performed, but not exceeding six months service in any one case.
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,
NORRIS & RIESELBACH, s.c.
BY /s/ James M. Bedore
--------------------------------
James M. Bedore
2
EXHIBIT 23.1
Consent of Independent Public Accountants
As independent public accountants, we hereby consent to the incorporation by
reference in this Registration Statement of our reports dated July 29, 1999
included (or incorporated by reference) in the STRATTEC SECURITY CORPORATION
Form 10-K for the year ended June 27, 1999, and to all references to our firm
included in this Registration Statement.
/s/ Arthur Andersen LLP
ARTHUR ANDERSEN LLP
Milwaukee, Wisconsin
February 22, 2000
