Strattec Security (STRT) risk factors, FY2026 10-K

Strattec Security's FY2026 10-K, filed Aug 28, 2026, lists 18 risk factors in 5 groups. Against the prior year's 16: 4 new, 2 dropped, 7 substantially reworded.

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Risk factors listed
185 groups
New this year
4vs 16 last year
Dropped
2since the prior 10-K
Substantially reworded
7of those kept
Section length
5k wordsItem 1A

What the changes say

  • Customer concentration remains significant: GM, Ford and Stellantis represented 27%, 21% and 16% of fiscal 2026 sales.

What changed since the prior 10-K

New

  • NewBusiness Risks

    Customer Forecasts and Demand

  • NewBusiness Risks

    We manufacture a vast majority of our products in Mexico and rely on a global supply chain to provide raw materials and components

  • NewBusiness Risks

    New Product Development and Innovation Risk

  • NewOperational Risks

    Manufacturing Complexity and Quality Risks

Dropped

  • DroppedBusiness Risks

    Production Slowdowns by Customers

  • DroppedOther Risks

    Pandemics, Epidemics and Infectious Disease Outbreaks

Reworded

  • 86% rewrittenOperational Risks

    During recent fiscal years, we have experienced higher costs on raw materials and purchased components, as well as freight costs. The continuation or renewal of these cost increases could have a material adverse effect on our future revenue, financial results, financial condition and cash flows

  • 85% rewrittenBusiness Risks

    Loss of Significant Customers, Vehicle Content, Vehicle Models and Market Share

  • 76% rewrittenBusiness Risks

    Cross-border Trade Issues and Tariffs

  • 75% rewrittenOperational Risks

    Climate Change, Environmental, Social and Governance (ESG) Matters, and Global Health Crises

    Was: Climate Change and Environmental, Social, and Governance (ESG) Matters

  • 54% rewrittenBusiness Risks

    Market Acceptance of New or Enhanced Products

  • 52% rewrittenBusiness Risks

    Highly Competitive Automotive Supply Industry

  • 46% rewrittenBusiness Risks

    Cyclicality and Seasonality in the Automotive Market

All 18 risk factors

Headings as the filing states them, in filing order.

Business Risks

  1. 01Loss of Significant Customers, Vehicle Content, Vehicle Models and Market Share85% rewritten
  2. 02Customer Forecasts and DemandNew
  3. 03Cross-border Trade Issues and Tariffs76% rewritten
  4. 04We manufacture a vast majority of our products in Mexico and rely on a global supply chain to provide raw materials and componentsNew
  5. 05Highly Competitive Automotive Supply Industry52% rewritten
  6. 06Cyclicality and Seasonality in the Automotive Market46% rewritten
  7. 07Market Acceptance of New or Enhanced Products54% rewritten
  8. 08New Product Development and Innovation RiskNew

Operational Risks

  1. 09Shortages, Increases in Costs, or Other Restrictions on the Availability of Raw Materials or Components Supply
  2. 10During recent fiscal years, we have experienced higher costs on raw materials and purchased components, as well as freight costs. The continuation or renewal of these cost increases could have a material adverse effect on our future revenue, financial results, financial condition and cash flows86% rewritten
  3. 11Manufacturing Complexity and Quality RisksNew
  4. 12Disruptions Due to Work Stoppages and Other Labor Matters
  5. 13Climate Change, Environmental, Social and Governance (ESG) Matters, and Global Health Crises75% rewritten

Financial Risks

  1. 14Financial Distress of Automotive Supply Base
  2. 15Currency Exchange Rate Fluctuations
  3. 16Program Volume and Pricing Fluctuations
  4. 17Ability to Access Capital Markets

Legal and Regulatory Risks

  1. 18Environmental, Safety and Other Regulations

Other Strattec Security 10-Ks

  • FY2025 10-K risk factors
    16 risks

    Sales are concentrated among General Motors, Ford and Stellantis, which represented 64% of fiscal 2025 sales combined.

    Filed Aug 25, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.