##### 



EXHIBIT 13
 
 2 0 0 6 A N N U A L R E P O R T NEW ROADS TO TRAVEL




---



##### 



NEW ROADS TO TRAV- Over the past several
years, STRATTEC has embarked on a
journey to transition its business
through the expansion of products,
customers and global capabilities.
That journey is giving us many new
roads to travel. Like all journeys,
the roads we take are not always as
smooth or straight as we might want.
But we are confident that the things
we see, the things we learn and the
progress we make will provide a path
to a successful future for STRATTEC
and its partners around the world.




---



##### 



2006 ANNUAL REPORT




     STRATTEC SECURITY CORPORATION designs, develops, manufactures and markets
mechanical locks and keys, electronically enhanced locks and keys, steering column and
instrument panel ignition lock housings, latches and related access control products for
North American automotive customers, and for global automotive manufacturers through the
VAST Alliance in which we participate with WITTE Automotive of Velbert, Germany and ADAC
Plastics, Inc. of Grand Rapids, Michigan. Our products are shipped to customer locations
in the United States, Canada, Mexico, Europe, South America and China, and we provide
full service and aftermarket support.


CONTENTS



LETTER TO THE SHAREHOLDERS
      FINANCIAL HIGHLIGHTS


      4



      COMPANY DESCRIPTION


      5



      STRATTEC EQUIPPED VEHICLE LIST


      10



      MANAGEMENTS DISCUSSION AND ANALYSIS


      11



      FINANCIAL STATEMENTS


      18



      REPORT OF MANAGEMENT


      33



      REPORTS OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


      34



      FINANCIAL SUMMARY


      36



      DIRECTORS / OFFICERS / SHAREHOLDERS INFORMATION


      37





 PROSPECTIVE INFORMATION



     A number of the matters and subject areas discussed in this Annual Report (see above
Contents section) 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, would, expect,
intend, may, planned, potential,
should, will, and could. These include expected future financial results,
product offerings, global expansion, liquidity needs, financing ability, planned capital
expenditures, managements or the Companys expectations and beliefs, and similar matters
discussed in the Letter to the Shareholders, Companys Managements Discussion and
Analysis, etc. The discussions of such matters and subject areas are qualified by the
inherent risks and uncertainties surrounding future expectations generally, and also may
materially differ from the Companys actual future experience.


     The Companys business, operations and financial performance are subject to certain
risks and uncertainties, which could result in material differences in actual results
from the Companys current expectations. These risks and uncertainties include, but are
not limited to, general economic conditions, in particular relating to the automotive
industry, customer demand for the Companys and its customers products, competitive and
technological developments, customer purchasing actions, foreign currency fluctuations,
costs of operations and other matters described under Risk Factors in the Managements
Discussion and Analysis section of this report.


     Shareholders, potential investors and other readers are urged to consider these
factors carefully in evaluating the forward-looking statements and are cautioned not to
place undue reliance on such forward-looking statements. The forward-looking statements
made herein are only made as of the date of this Annual Report 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 Annual Report.




---



##### 



LETTER TO THE SHAREHOLDERS
 
 AUGUST, 2006




---



##### 



LETTER TO THE SHAREHOLDERS




---



##### 



FINANCIAL HIGHLIGHTS  (IN MILLIONS)
 
 2006
    
    2005
    
    2004Net Sales
    
    $
    181.2
    
    
    $
    190.3
    
    
    $
    195.6Gross Profit
    
    
    37.0
    
    
    
    42.7
    
    
    
    47.5Income from Operations
    
    
    13.4
    
    
    
    22.0
    
    
    
    26.9Net Income
    
    
    12.5
    
    
    
    15.0
    
    
    
    17.3Total Assets
    
    
    148.6
    
    
    
    138.1
    
    
    
    137.2Total Debt
    
    
    
    
    
    
    
    
    
    
    Shareholders Equity
    
    
    110.3
    
    
    
    91.8
    
    
    
    89.9
 ECONOMIC VALUE ADDED (EVA ® )
 ®
 Net Operating Profit After Cash-Basis Taxes
    
    
    
    
    
    $
    12.9Average Net Capital Employed
    
    $
    42.5Capital Cost
    
    
    11
    %4.7Economic Value Added
    
    
    
    
    
    $
    8.2
 ® ® ® ®
 Net Operating Profit After Cash-Basis Taxes:
 2006 Net Income as Reported
    
    $
    12.5Deferred Tax Provision
    
    
    .3Other
    
    
    .1Net Operating Profit After
Cash-Basis Taxes
    
    $
    12.9
 Average Monthly Net Capital Employed:
 Total Shareholders Equity as Reported at July 2, 2006
    
    $
    110.3Current Interest Bearing Assets
    
    
    (69.3
    )Long-Term Liabilities
    
    
    4.6Other
    
    
    (2.6
    )Net Capital Employed at July 2, 2006
    
    
    43.0Impact of 12 Month Average
    
    
    (.5
    )Average Monthly Net Capital Employed
    
    $
    42.5
 ®




---



##### 



COMPANY DESCRIPTION
 
 BASIC BUSINESS
  HISTORY
 
   PRODUCTS
  
   MARKETS




---



##### 



COMPANY DESCRIPTION




---



##### 



COMPANY DESCRIPTION
 
 CUSTOMER FOCUS
  
   
  OPERATIONS




---



##### 



COMPANY DESCRIPTION
 
  ADVANCED DEVELOPMENT
  VAST ALLIANCE




---



##### 



COMPANY DESCRIPTION
 
  CYCLICAL NATURE OF THE BUSINESS
  GLOBAL PARTNERS
 
 1. STRATTEC  Milwaukee,Wisconsin
    
    6. WITTE Automotive  Velbert, Germany2. STRATTEC de Mexico  Juarez, Mexico
    
    7. WITTE Automotive  Nejdek, Czech Republic3. STRATTEC Componentes Automotrices  Juarez, Mexico
    
    8. VAST do Brasil  Sao Paulo, Brazil4. ADAC Plastics, Inc.  Grand Rapids and Muskegan, Michigan
    
    9. VAST Fuzhou  Fuzhou, China5. ADAC Paintbox, Limited  United Kingdom
    
    10. VAST Great Shanghai Co.  Shanghai, China
 ECONOMIC VALUE COMMITMENT
 ® ® ®




---



##### 



VEHICLE LIST 2007 VEHICLES We are proud to be associated with many of the quality vehicles produced in North America. The
following model year 2007 cars and light trucks are equipped with STRATTEC products. CARS AND CAR BASED UTILITY VEHICLES Buick Allure Chrysler PT Cruiser            Holden Commodore
(Canadian only) Chrysler Sebring (Australia only)
Buick Enclave Dodge Avenger            Honda Civic
(late introduction) (late introduction) Jeep Compass
Buick LaCrosse Dodge Caliber            Jeep Patriot
Buick Lucerne Dodge Charger            Lincoln Town Car
Cadillac XLR Dodge Magnum            Mercury Grand Marquis
Cadillac DTS Dodge Viper            Mercury Montego
Chevrolet Corvette Ford Five Hundred            Mitsubishi Eclipse/
Chevrolet Impala Ford Crown Victoria            Eclipse Spyder
Chevrolet Monte Carlo Ford Freestyle            Mitsubishi Galant
Chrysler 300/300C Ford Mustang            Saturn Ion
Chrysler Pacifica GMC Acadia            Saturn Outlook LIGHT TRUCKS, VANS AND SPORT UTILITY VEHICLES Buick Rainier Caravan            GMC Yukon Buick Rendezvous Dodge Dakota Pickup            GMC Yukon XL Buick Terraza Dodge Durango            Hummer H2 Cadillac Escalade Dodge Nitro            Jeep Commander Cadillac Escalade ESV Dodge Ram Pickup            Jeep Grand Cherokee Cadillac Escalade EXT Ford Expedition            Jeep Liberty Chevrolet Avalanche Ford Explorer            Jeep Wrangler/Wrangler Chevrolet Express Van Ford Explorer Sport Trac            Unlimited Chevrolet Silverado Pickup Ford F-Series Pickup            Lincoln Mark LT Pickup Chevrolet Suburban Ford F-Series Supercrew            Lincoln Navigator Chevrolet Tahoe Ford F-Series Super Duty            Mazda B-Series Pickup Chevrolet Trailblazer Ford Heritage F-Series Mercury Mountaineer Chevrolet Uplander Ford Ranger Pickup            Mitsubishi Endeavor Chrysler Aspen GMC Envoy            Mitsubishi Raider Chrysler Town & Country GMC Savana            Nissan Titan Dodge Caravan/Grand GMC Sierra Pickup            Saab 9-7X Saturn Relay




---



##### 



MANAGEMENTS DISCUSSION AND ANALYSIS
 
  RESULTS OF OPERATIONS
2006 Compared to 2005




---



##### 



MANAGEMENTS DISCUSSION AND ANALYSIS
 
      RESULTS OF OPERATIONS
2005 Compared to 2004




---



##### 



MANAGEMENTS DISCUSSION AND ANALYSIS
 
     LIQUIDITY AND CAPITAL RESOURCES




---



##### 



MANAGEMENTS DISCUSSION AND ANALYSIS
 
 CONTRACTUAL OBLIGATIONS
 Payments Due By PeriodLess Than
    
    
    
    
    
    
    
    
    
    
    More ThanContractual Obligation
    
    Total
    
    
    1 Year
    
    
    1-3 Years
    
    
    3-5 Years
    
    
    5 YearsOperating Leases
    
    $
    1,397
    
    
    $
    591
    
    
    $
    779
    
    
    $
    27
    
    
    $
    Purchase Obligations
    
    
    575
    
    
    
    575
    
    
    
    
    
    
    
    
    
    
    
    Pension and Postretirement
Obligations (a)
    
    
    4,084
    
    
    
    4,084
    
    
    
    
    
    
    
    
    
    
    
    Total
    
    $
    6,056
    
    
    $
    5,250
    
    
    $
    779
    
    
    $
    27
    
    
    $
    
 
 (a)
    
    As disclosed in Notes to Financial Statements, estimated cash funding related to
our pension and postretirement benefit plans totals $4.1 million in 2007. Because the
timing of funding related to these plans beyond 2007 is uncertain, and is dependent on
future movements in interest rates and investment returns, changes in laws and
regulations, and other variables, pension and postretirement outflows beyond 2007 have
not been included in the table above. JOINT VENTURES
     CRITICAL ACCOUNTING POLICIES
  Pension and Postretirement Health Benefits 




---



##### 



MANAGEMENTS DISCUSSION AND ANALYSIS
 
        Other Reserves 
 Stock Based Compensation 




---



##### 



MANAGEMENTS DISCUSSION AND ANALYSIS
 
  RISK FACTORS
  Loss of Significant Customers, Vehicle Content, Vehicle Models and Market Share 
  Cost Reduction 
 Cyclicality and Seasonality in the Automotive Market 
 Foreign Operations 
 Currency Exchange Rate Fluctuations 
 Sources of and Fluctuations in Market Prices of Raw Materials 
 Disruptions Due to Work Stoppages and Other Labor Matters 




---



##### 



MANAGEMENTS DISCUSSION AND ANALYSIS
 
  Environmental and Safety Regulations 
 Highly Competitive Automotive Supply Industry 
  Program Volume and Pricing Fluctuations 
 Investments in Customer Program Specific Assets 




---



##### 



CONSOLIDATED STATEMENTS OF INCOME
 (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
 
 Years EndedJuly 2, 2006
    
    
    July 3, 2005
    
    
    June 27, 2004NET SALES
    
    $
    181,197
    
    
    $
    190,314
    
    
    $
    195,646Cost of goods sold
    
    
    144,151
    
    
    
    147,538
    
    
    
    148,133GROSS PROFIT
    
    
    37,046
    
    
    
    42,776
    
    
    
    47,513Engineering, selling, and administrative expenses
    
    
    22,067
    
    
    
    20,688
    
    
    
    20,624Provision for doubtful accounts, net
    
    
    1,622
    
    
    
    80
    
    
    
    26INCOME FROM OPERATIONS
    
    
    13,357
    
    
    
    22,008
    
    
    
    26,863Interest income
    
    
    2,563
    
    
    
    1,169
    
    
    
    426Interest expense
    
    
    
    
    
    
    
    
    
    
    Other income, net
    
    
    960
    
    
    
    320
    
    
    
    362INCOME BEFORE PROVISION FOR
INCOME TAXES
    
    
    16,880
    
    
    
    23,497
    
    
    
    27,651Provision for income taxes
    
    
    4,403
    
    
    
    8,459
    
    
    
    10,369NET INCOME
    
    $
    12,477
    
    
    $
    15,038
    
    
    $
    17,282EARNINGS PER SHARE:BASIC
    
    $
    3.36
    
    
    $
    3.97
    
    
    $
    4.56DILUTED
    
    $
    3.35
    
    
    $
    3.94
    
    
    $
    4.49AVERAGE SHARES OUTSTANDING:BASIC
    
    
    3,716
    
    
    
    3,790
    
    
    
    3,788DILUTED
    
    
    3,720
    
    
    
    3,816
    
    
    
    3,849




---



##### 



CONSOLIDATED BALANCE SHEETS  (IN THOUSANDS, EXCEPT SHARE AMOUNTS AND PER SHARE AMOUNTS)
 July 2, 2006
    
    
    July 3, 2005ASSETSCURRENT ASSETS:Cash and cash equivalents
    
    $
    65,712
    
    
    $
    56,950Receivables, less allowance for doubtful accounts
of $250 at July 2, 2006 and July 3, 2005
    
    
    25,357
    
    
    
    26,053Inventories
    
    
    9,337
    
    
    
    11,654Customer tooling in progress
    
    
    1,422
    
    
    
    1,295Deferred income taxes
    
    
    1,541
    
    
    
    1,594Income taxes refundable
    
    
    
    
    
    
    214Other current assets
    
    
    7,505
    
    
    
    6,927Total current assets
    
    
    110,874
    
    
    
    104,687DEFERRED INCOME TAXES
    
    
    
    
    
    
    1,796INVESTMENT IN JOINT VENTURES
    
    
    2,202
    
    
    
    1,412PREPAID PENSION OBLIGATIONS
    
    
    7,602
    
    
    
    OTHER LONG-TERM ASSETS
    
    
    197
    
    
    
    603PROPERTY, PLANT, AND EQUIPMENT, NET
    
    
    27,764
    
    
    
    29,592$
    148,639
    
    
    $
    138,090LIABILITIES AND SHAREHOLDERS EQUITYCURRENT LIABILITIES:Accounts payable
    
    $
    17,701
    
    
    $
    17,218Accrued liabilities:Payroll and benefits
    
    
    5,475
    
    
    
    7,679Environmental
    
    
    2,683
    
    
    
    2,701Commitments and Contingenciessee noteIncome taxes
    
    
    1,340
    
    
    
    Other
    
    
    2,327
    
    
    
    2,470Total current liabilities
    
    
    29,526
    
    
    
    30,068BORROWINGS UNDER LINE OF CREDIT
    
    
    
    
    
    
    DEFERRED INCOME TAXES
    
    
    4,266
    
    
    
    ACCRUED PENSION OBLIGATIONS
    
    
    
    
    
    
    11,191ACCRUED POSTRETIREMENT OBLIGATIONS
    
    
    4,572
    
    
    
    5,080SHAREHOLDERS EQUITY:Common stock, authorized 12,000,000 shares $.01 par value,
issued 6,880,457 shares at July 2, 2006 and 6,856,237
shares at July 3, 2005
    
    
    69
    
    
    
    69Capital in excess of par value
    
    
    77,175
    
    
    
    74,924Retained earnings
    
    
    157,745
    
    
    
    145,268Accumulated other comprehensive loss
    
    
    (2,958
    )
    
    
    (12,047
    )Less: Treasury stock at cost (3,243,177 shares at
July 2, 2006 and 3,113,004 shares at July 3, 2005)
    
    
    (121,756
    )
    
    
    (116,463
    )Total shareholders equity
    
    
    110,275
    
    
    
    91,751$
    148,639
    
    
    $
    138,090




---



##### 



CONSOLIDATED STATEMENTS OF
SHAREHOLDERS EQUITY (IN THOUSANDS)
 AccumulatedCapital in
    
    
    
    
    
    
    OtherCommon
    
    
    Excess of
    
    
    Retained
    
    
    Comprehensive
    
    
    Treasury
    
    
    ComprehensiveStock
    
    
    Par Value
    
    
    Earnings
    
    
    Loss
    
    
    Stock
    
    
    IncomeBALANCE
JUNE 29, 2003
    
    $
    66
    
    
    $
    63,830
    
    
    $
    112,948
    
    
    $
    (6,891
    )
    
    $
    (100,858
    )Net Income
    
    
    
    
    
    
    
    
    
    
    17,282
    
    
    
    
    
    
    
    
    
    
    $
    17,282Translation adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (270
    )
    
    
    
    
    
    
    (270
    )Minimum pension liability,
net of tax of $1,088
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,776
    
    
    
    
    
    
    
    1,776Comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    18,788Purchase of common stock
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (4,633
    )Exercise of stock options
and employee stock
purchases, including
tax benefit of $1,368
    
    
    2
    
    
    
    6,585
    
    
    
    
    
    
    
    
    
    
    
    15BALANCE
JUNE 27, 2004
    
    
    68
    
    
    
    70,415
    
    
    
    130,230
    
    
    
    (5,385
    )
    
    
    (105,476
    )Net Income
    
    
    
    
    
    
    
    
    
    
    15,038
    
    
    
    
    
    
    
    
    
    
    $
    15,038Translation adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    283
    
    
    
    
    
    
    
    283Minimum pension liability,
net of tax of $4,257
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (6,945
    )
    
    
    
    
    
    
    (6,945
    )Comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    8,376Purchase of common stock
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (10,999
    )Exercise of stock options
and employee stock
purchases, including tax
benefit of $956
    
    
    1
    
    
    
    4,509
    
    
    
    
    
    
    
    
    
    
    
    12BALANCE
JULY 3, 2005
    
    
    69
    
    
    
    74,924
    
    
    
    145,268
    
    
    
    (12,047
    )
    
    
    (116,463
    )Net Income
    
    
    
    
    
    
    
    
    
    
    12,477
    
    
    
    
    
    
    
    
    
    
    $
    12,477Translation adjustments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (317
    )
    
    
    
    
    
    
    (317
    )Minimum pension liability,
net of tax of $5,765
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    9,406
    
    
    
    
    
    
    
    9,406Comprehensive income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    21,566Purchase of common stock
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (5,306
    )Stock-Based Compensation
    
    
    
    
    
    
    1,118
    
    
    
    
    
    
    
    
    
    
    
    Exercise of stock options
and employee stock
purchases, including
tax benefit of $61
    
    
    
    
    
    
    1,133
    
    
    
    
    
    
    
    
    
    
    
    13BALANCE
JULY 2, 2006
    
    $
    69
    
    
    $
    77,175
    
    
    $
    157,745
    
    
    $
    (2,958
    )
    
    $
    (121,756
    )




---



##### 



CONSOLIDATED STATEMENTS OF CASH FLOWS  (IN THOUSANDS)
 Years EndedJuly 2, 2006
    
    
    July 3, 2005
    
    
    June 27, 2004CASH FLOWS FROM OPERATING ACTIVITIESNet Income
    
    $
    12,477
    
    
    $
    15,038
    
    
    $
    17,282Adjustments to reconcile net income to
net cash provided by operating activities:Depreciation
    
    
    7,155
    
    
    
    7,225
    
    
    
    7,704Loss on disposition of property,
plant and equipment
    
    
    320
    
    
    
    190
    
    
    
    116Deferred income taxes
    
    
    350
    
    
    
    2,282
    
    
    
    1,393Tax benefit from options exercised
    
    
    61
    
    
    
    956
    
    
    
    1,368Stock-based compensation expense
    
    
    1,118
    
    
    
    
    
    
    
    Provision for doubtful accounts
    
    
    1,622
    
    
    
    80
    
    
    
    26Change in operating assets and liabilities:Receivables
    
    
    (973
    )
    
    
    4,863
    
    
    
    96Inventories
    
    
    2,317
    
    
    
    (3,293
    )
    
    
    (477
    )Other assets
    
    
    (3,803
    )
    
    
    748
    
    
    
    1,047Accounts payable and accrued liabilities
    
    
    (863
    )
    
    
    (12,621
    )
    
    
    954Other, net
    
    
    (485
    )
    
    
    285
    
    
    
    (144
    )Net cash provided by operating activities
    
    
    19,296
    
    
    
    15,753
    
    
    
    29,365CASH FLOWS FROM INVESTING ACTIVITIESInvestment in joint ventures
    
    
    (569
    )
    
    
    (125
    )
    
    
    (125
    )Additions to property, plant, and equipment
    
    
    (5,766
    )
    
    
    (5,498
    )
    
    
    (5,523
    )Proceeds received on sale of property,
plant, and equipment
    
    
    22
    
    
    
    22
    
    
    
    12Net cash used in investing activities
    
    
    (6,313
    )
    
    
    (5,601
    )
    
    
    (5,636
    )CASH FLOWS FROM FINANCING ACTIVITIESPurchase of common stock
    
    
    (5,306
    )
    
    
    (10,999
    )
    
    
    (4,633
    )Exercise of stock options
    
    
    1,085
    
    
    
    3,566
    
    
    
    5,233Net cash (used in) provided by financing activities
    
    
    (4,221
    )
    
    
    (7,433
    )
    
    
    600NET INCREASE IN CASH AND CASH
EQUIVALENTS
    
    
    8,762
    
    
    
    2,719
    
    
    
    24,329CASH AND CASH EQUIVALENTSBeginning of year
    
    
    56,950
    
    
    
    54,231
    
    
    
    29,902End of year
    
    $
    65,712
    
    
    $
    56,950
    
    
    $
    54,231SUPPLEMENTAL DISCLOSURE OF
CASH FLOW INFORMATIONIncome taxes paid
    
    $
    3,120
    
    
    $
    6,446
    
    
    $
    5,950Interest paid
    
    
    
    
    
    
    
    
    
    
    




---



##### 



NOTES TO FINANCIAL STATEMENTS
 ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
    Principles of Consolidation and Presentation:
 Reclassifications:
 Fiscal Year:
 Use of Estimates:
 Cash and Cash Equivalents:
 Fair Value of Financial Instruments:
 Receivables:
 Balance,
    
    Provision
    
    
    
    
    
    Balance,Beginning
    
    Charged to
    
    Accounts
    
    End ofof Year
    
    Expense
    
    Written Off
    
    YearYear ended July 2, 2006
    
    $
    250
    
    
    $
    1,622
    
    
    $
    1,622
    
    
    $
    250Year ended July 3, 2005
    
    $
    250
    
    
    $
    80
    
    
    $
    80
    
    
    $
    250Year ended June 27, 2004
    
    $
    250
    
    
    $
    26
    
    
    $
    26
    
    
    $
    250
 Inventories:
 July 2, 2006
    
    
    July 3, 2005Finished products
    
    $
    2,937
    
    
    $
    3,691Work in process
    
    
    5,401
    
    
    
    5,171Purchased materials
    
    
    5,802
    
    
    
    6,287LIFO reserve
    
    
    (4,803
    )
    
    
    (3,495
    )$
    9,337
    
    
    $
    11,654
 Customer Tooling in Progress:




---



##### 



NOTES TO FINANCIAL STATEMENTS
  Repair and Maintenance Supply Parts:
 Balance,
    
    Provision
    
    
    
    
    
    Balance,Beginning
    
    Charged to
    
    Balances
    
    End ofof Year
    
    Expense
    
    Written Off
    
    YearYear ended July 2, 2006
    
    $
    650
    
    
    $
    49
    
    
    $
    49
    
    
    $
    650Year ended July 3, 2005
    
    $
    750
    
    
    ($
    24
    )
    
    $
    76
    
    
    $
    650Year ended June 27, 2004
    
    $
    810
    
    
    $
    27
    
    
    $
    87
    
    
    $
    750
 Property, Plant, and Equipment:
 Classification
    
    Expected Useful LivesLand improvements
    
    20 yearsBuildings and improvements
    
    20 to 35 yearsMachinery and equipment
    
    3 to 10 years
  July 2, 2006
    
    
    July 3, 2005Land
    
    $
    1,404
    
    
    $
    1,431Buildings and improvements
    
    
    12,593
    
    
    
    12,549Machinery and equipment
    
    
    94,874
    
    
    
    91,956108,871
    
    
    
    105,936Less: accumulated depreciation
    
    
    (81,107
    )
    
    
    (76,344
    )$
    27,764
    
    
    $
    29,592
   Supplier Concentrations:
 Labor Concentrations:




---



##### 



NOTES TO FINANCIAL STATEMENTS
  Revenue Recognition:
 Research and Development Costs:
 Self Insurance and Loss Sensitive Plans:
    Balance,
    
    Provision
    
    
    
    
    
    Balance,Beginning
    
    Charged to
    
    
    
    
    
    End ofof Year
    
    Expense
    
    Payments
    
    YearYear ended July 2, 2006Incurred but not reported claim
reserve for self-insured plans
    
    $
    500
    
    
    $
    2,733
    
    
    $
    2,833
    
    
    $
    400Workers Compensation
    
    
    (202
    )
    
    
    314
    
    
    
    297
    
    
    
    (185
    )Year ended July 3, 2005Incurred but not reported claim
reserve for self-insured plans
    
    $
    600
    
    
    $
    3,460
    
    
    $
    3,560
    
    
    $
    500Workers Compensation
    
    
    (202
    )
    
    
    672
    
    
    
    672
    
    
    
    (202
    )Year ended June 27, 2004Incurred but not reported claim
reserve for self-insured plans
    
    $
    550
    
    
    $
    3,778
    
    
    $
    3,728
    
    
    $
    600Workers Compensation
    
    
    (59
    )
    
    
    476
    
    
    
    619
    
    
    
    (202
    )




---



##### 



NOTES TO FINANCIAL STATEMENTS
 
 Product Warranty:
 Foreign Currency Translation:
 Accumulated Other Comprehensive Loss:
 July 2, 2006
    
    
    July 3, 2005
    
    
    June 27, 2004Minimum pension liability, net of tax
    
    $
    62
    
    
    $
    9,467
    
    
    $
    2,522Foreign currency translation
    
    
    2,896
    
    
    
    2,580
    
    
    
    2,863$
    2,958
    
    
    $
    12,047
    
    
    $
    5,385
  Accounting For Stock-Based Compensation:




---



##### 



NOTES TO FINANCIAL STATEMENTS
 
     Years EndedJuly 3, 2005
    
    
    June 27, 2004Net IncomeAs reported
    
    $
    15,038
    
    
    $
    17,282Pro forma compensation expense, net of tax
    
    
    514
    
    
    
    889Pro forma
    
    $
    14,524
    
    
    $
    16,393Basic earnings per shareAs reported
    
    $
    3.97
    
    
    $
    4.56Pro forma
    
    $
    3.83
    
    
    $
    4.33Diluted earnings per shareAs reported
    
    $
    3.94
    
    
    $
    4.49Pro forma
    
    $
    3.82
    
    
    $
    4.30
   Years EndedJuly 2, 2006
    
    July 3, 2005
    
    June 27, 2004Intrinsic value of options exercised
    
    $
    188
    
    
    $
    2,749
    
    
    $
    3,760Fair value of stock options vesting
    
    $
    1,480
    
    
    $
    925
    
    
    $
    1,279
  Options Granted During
    
    
    2006
    
    2005
    
    2004Weighted average grant date fair value:Options issued at grant date market value
    
    
    n/a
    
    
    $
    18.56
    
    
    $
    16.29Options issued above grant date market value
    
    $
    11.92
    
    
    
    n/a
    
    
    $
    8.06Assumptions:Risk free interest rates
    
    
    4.08
    %
    
    
    3.69
    %
    
    
    2.42
    %Expected volitilty
    
    
    31.77
    %
    
    
    24.64
    %
    
    
    17.57
    %Expected term (in years)
    
    
    4.00
    
    
    
    5.00
    
    
    
    4.67
   Weighted Average RemainingNumber of Options
    
    Weighted Average Exercise
    
    Contractual Life OutstandingOutstanding/Exercisable
    
    Price Outstanding/Exercisable
    
    (In Years)$17.05
    
    
    5,000/5,000
    
    
    $
    17.05/$17.05
    
    
    
    .9$31.95-$37.58
    
    
    5,400/5,400
    
    
    $
    34.04/$34.04
    
    
    
    5.1$44.93-$45.44
    
    
    25,410/25,410
    
    
    $
    45.40/$45.40
    
    
    
    .6$53.07-$58.59
    
    
    115,540/105,540
    
    
    $
    55.78/$55.75
    
    
    
    4.7Over $61.21
    
    
    132,180/16,000
    
    
    $
    61.74/$62.40
    
    
    
    4.5$
    56.53/$52.78




---



##### 



NOTES TO FINANCIAL STATEMENTS
 
 INVESTMENT IN JOINT VENTURES
     LINE OF CREDIT
  COMMITMENTS AND CONTINGENCIES
   INCOME TAXES
  2006
    
    
    2005
    
    
    2004Currently payable:Federal
    
    $
    5,089
    
    
    $
    4,780
    
    
    $
    6,882State
    
    
    738
    
    
    
    1,016
    
    
    
    1,496State refund claim recovery
    
    
    (1,814
    )
    
    
    (250
    )
    
    
    Foreign
    
    
    40
    
    
    
    631
    
    
    
    5984,053
    
    
    
    6,177
    
    
    
    8,976Deferred tax provision
    
    
    350
    
    
    
    2,282
    
    
    
    1,393$
    4,403
    
    
    $
    8,459
    
    
    $
    10,369




---



##### 



NOTES TO FINANCIAL STATEMENTS
 
  2006
    
    
    2005
    
    
    2004U.S. statutory rate
    
    
    34.4
    %
    
    
    34.3
    %
    
    
    35.0
    %State taxes,
net of Federal tax benefit
    
    
    3.1
    
    
    
    3.8
    
    
    
    3.9State refund claim recovery
    
    
    (7.1
    )
    
    
    (.7
    )
    
    
    Foreign sales benefit
    
    
    
    
    
    
    (.8
    )
    
    
    (.7
    )Favorable foreign adjustment
    
    
    (3.9
    )
    
    
    
    
    
    
    Other
    
    
    (.4
    )
    
    
    (.6
    )
    
    
    (.7
    )26.1
    %
    
    
    36.0
    %
    
    
    37.5
    %
   July 2, 2006
    
    
    July 3, 2005Deferred income taxescurrent:Repair and Maintenance Supply Parts Reserve
    
    $
    247
    
    
    $
    247Payroll-related accruals
    
    
    455
    
    
    
    463Environmental reserve
    
    
    1,019
    
    
    
    1,026Other
    
    
    (180
    )
    
    
    (142
    )$
    1,541
    
    
    $
    1,594Deferred income taxesnoncurrent:Accrued pension obligations
    
    $
    (2,981
    )
    
    $
    (1,753
    )Additional minimum pension liability
    
    
    38
    
    
    
    5,803Accumulated depreciation
    
    
    (3,410
    )
    
    
    (4,184
    )Stock-based compensation
    
    
    350
    
    
    
    Postretirement obligations
    
    
    1,737
    
    
    
    1,930$
    (4,266
    )
    
    $
    1,796
    RETIREMENT PLANS AND POSTRETIREMENT COSTS




---



##### 



NOTES TO FINANCIAL STATEMENTS
 
  Pension Benefits
    
    Postretirement BenefitsJuly 2,
    
    July 3,
    
    July 2,
    
    July 3,2006
    
    2005
    
    2006
    
    2005WEIGHTED-AVERAGE ASSUMPTIONSBenefit Obligations:Discount rate
    
    
    6.62
    %
    
    
    5.43
    %
    
    
    6.62
    %
    
    
    5.43
    %Rate of compensation increases
    
    
    3.5
    %
    
    
    3.5
    %
    
    
    n/a
    
    
    
    n/aNet Periodic Benefit Cost:Discount rate
    
    
    5.43
    %
    
    
    6.25
    %
    
    
    5.43
    %
    
    
    6.25
    %Expected return on plan assets
    
    
    8.5
    %
    
    
    8.5
    %
    
    
    n/a
    
    
    
    n/aRate of compensation increases
    
    
    3.5
    %
    
    
    3.5
    %
    
    
    n/a
    
    
    
    n/a
 2006
    
    
    2005
    
    
    2006
    
    
    2005CHANGE IN PROJECTED
BENEFIT OBLIGATION:Benefit obligation at beginning of year
    
    $
    73,242
    
    
    $
    57,625
    
    
    $
    9,331
    
    
    $
    9,856Service cost
    
    
    2,540
    
    
    
    2,224
    
    
    
    232
    
    
    
    299Interest Cost
    
    
    3,924
    
    
    
    3,552
    
    
    
    591
    
    
    
    601Plan amendments
    
    
    255
    
    
    
    172
    
    
    
    
    
    
    
    (5,079
    )Actuarial (gain) loss
    
    
    (10,502
    )
    
    
    11,759
    
    
    
    2,079
    
    
    
    4,764Benefits paid
    
    
    (2,506
    )
    
    
    (2,090
    )
    
    
    (1,382
    )
    
    
    (1,110
    )Benefit obligation at end of year
    
    $
    66,953
    
    
    $
    73,242
    
    
    $
    10,851
    
    
    $
    9,331CHANGE IN PLAN ASSETS:Fair value of plan assets at beginning of year
    
    $
    53,225
    
    
    $
    42,965
    
    
    $
    
    
    
    $
    Actual return on plan assets
    
    
    5,270
    
    
    
    4,039
    
    
    
    
    
    
    
    Employer contribution
    
    
    6,000
    
    
    
    8,311
    
    
    
    1,382
    
    
    
    1,110Benefits paid
    
    
    (2,506
    )
    
    
    (2,090
    )
    
    
    (1,382
    )
    
    
    (1,110
    )Fair value of plan assets at end of year
    
    
    61,989
    
    
    
    53,225
    
    
    
    
    
    
    
    Funded status
    
    
    (4,964
    )
    
    
    (20,017
    )
    
    
    (10,851
    )
    
    
    (9,331
    )Unrecognized net loss
    
    
    12,119
    
    
    
    24,177
    
    
    
    10,867
    
    
    
    9,217Unrecognized prior service cost
    
    
    688
    
    
    
    453
    
    
    
    (4,588
    )
    
    
    (4,966
    )Unrecognized net transition asset
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Net amount recognized
    
    $
    7,843
    
    
    $
    4,613
    
    
    $
    (4,572
    )
    
    $
    (5,080
    )AMOUNTS RECOGNIZED IN
CONSOLIDATED BALANCE SHEETS:Prepaid (accrued) benefit obligations
    
    $
    7,602
    
    
    $
    (11,191
    )Additional minimum liability:Intangible asset
    
    
    142
    
    
    
    534Accumulated other comprehensive loss (pre-tax)
    
    
    99
    
    
    
    15,270Net amount recognized
    
    $
    7,843
    
    
    $
    4,613




---



##### 



NOTES TO FINANCIAL STATEMENTS
 
 Pension Benefits
    
    
    Postretirement Benefits2006
    
    
    2005
    
    
    2004
    
    
    2006
    
    
    2005
    
    
    2004COMPONENTS OF NET PERIODIC
BENEFIT COST:Service cost
    
    $
    2,540
    
    
    $
    2,224
    
    
    $
    2,198
    
    
    $
    232
    
    
    $
    299
    
    
    $
    316Interest cost
    
    
    3,924
    
    
    
    3,552
    
    
    
    3,253
    
    
    
    491
    
    
    
    601
    
    
    
    564Expected return on plan assets
    
    
    (4,989
    )
    
    
    (4,277
    )
    
    
    (3,459
    )
    
    
    
    
    
    
    
    
    
    
    Amortization of prior service cost
    
    
    20
    
    
    
    8
    
    
    
    8
    
    
    
    (378
    )
    
    
    10
    
    
    
    10Amortization of unrecognized
net (gain) loss
    
    
    1,275
    
    
    
    198
    
    
    
    187
    
    
    
    528
    
    
    
    255
    
    
    
    235Amortization of net transition asset
    
    
    
    
    
    
    (49
    )
    
    
    (150
    )
    
    
    
    
    
    
    
    
    
    
    Net periodic benefit cost
    
    $
    2,770
    
    
    $
    1,656
    
    
    $
    2,037
    
    
    $
    873
    
    
    $
    1,165
    
    
    $
    1,125
  1% Increase
    
    
    1% DecreaseEffect on total of service and interest cost components
    
    $
    84
    
    
    
    ($74
    )Effect on postretirement benefit obligation
    
    $
    784
    
    
    
    ($703
    )
  Target Allocation
    
    
    July 2, 2006
    
    
    July 3, 2005Equity investments
    
    
    65
    %
    
    
    67
    %
    
    
    68
    %Fixed-Income Investments
    
    
    35
    %
    
    
    33
    %
    
    
    32
    %Total
    
    
    100
    %
    
    
    100
    %
    
    
    100
    %
   Pension Benefits
    
    Postretirement Benefits2007
    
    $
    2,602
    
    
    $
    9362008
    
    
    2,697
    
    
    
    1,0492009
    
    
    2,941
    
    
    
    1,1112010
    
    
    4,511
    
    
    
    1,2102011
    
    
    4,789
    
    
    
    1,2682012-2016
    
    
    21,339
    
    
    
    5,476




---



##### 



NOTES TO FINANCIAL STATEMENTS
 
  SHAREHOLDERS EQUITY
   EARNINGS PER SHARE (EPS)
  2006
    
    
    2005
    
    
    2004Net
    
    
    
    
    
    
    Per Share
    
    
    Net
    
    
    
    
    
    
    Per Share
    
    
    Net
    
    
    
    
    
    
    Per ShareIncome
    
    
    Shares
    
    
    Amount
    
    
    Income
    
    
    Shares
    
    
    Amount
    
    
    Income
    
    
    Shares
    
    
    AmountBasic EPS
    
    $
    12,477
    
    
    
    3,716
    
    
    $
    3.36
    
    
    $
    15,038
    
    
    
    3,790
    
    
    $
    3.97
    
    
    $
    17,282
    
    
    
    3,788
    
    
    $
    4.56Stock Options
    
    
    
    
    
    
    4
    
    
    
    
    
    
    
    
    
    
    
    26
    
    
    
    
    
    
    
    
    
    
    
    61Diluted EPS
    
    $
    12,477
    
    
    
    3,720
    
    
    $
    3.35
    
    
    $
    15,038
    
    
    
    3,816
    
    
    $
    3.94
    
    
    $
    17,282
    
    
    
    3,849
    
    
    $
    4.49
  STOCK OPTION AND PURCHASE PLANS




---



##### 



NOTES TO FINANCIAL STATEMENTS
 
 Weighted
    
    
    Weighted Average
    
    
    AggregateAverage
    
    
    Remaining
    
    
    Intrinsic ValueShares
    
    
    Exercise Price
    
    
    Contractual Term (in years)
    
    
    (in thousands)Balance at June 29, 2003
    
    
    447,785
    
    
    $
    42.48Granted
    
    
    89,000
    
    
    $
    61.33Exercised
    
    
    146,250
    
    
    $
    35.43Terminated
    
    
    3,000
    
    
    $
    53.07Balance at June 27, 2004
    
    
    387,535
    
    
    $
    49.39Granted
    
    
    140,000
    
    
    $
    69.83Exercised
    
    
    101,345
    
    
    $
    34.74Expired
    
    
    1,000
    
    
    $
    53.07Terminated
    
    
    143,330
    
    
    $
    69.04Balance at July 3, 2005
    
    
    281,860
    
    
    $
    54.80Granted
    
    
    40,000
    
    
    $
    61.22Exercised
    
    
    24,220
    
    
    $
    43.30Expired
    
    
    5,000
    
    
    $
    54.99Terminated
    
    
    9,110
    
    
    $
    59.59Balance at July 2, 2006
    
    
    283,530
    
    
    $
    56.53
    
    
    
    4.2
    
    
    $
    361Exercisable as of:July 2, 2006
    
    
    157,350
    
    
    $
    52.78
    
    
    
    4.0
    
    
    $
    361July 3, 2005
    
    
    95,530
    
    
    $
    45.75
    
    
    
    4.0
    
    
    $
    785June 27, 2004
    
    
    75,750
    
    
    $
    29.91
    
    
    
    4.6
    
    
    $
    2,853Available for grant as of
July 2, 2006
    
    
    311,813
  Weighted AverageShares
    
    
    Grant Date Fair ValueNonvested Balance at July 3, 2005
    
    
    
    
    
    
    Granted
    
    
    9,900
    
    
    $
    51.24Vested
    
    
    
    
    
    
    Forfeited
    
    
    300
    
    
    $
    51.24Nonvested Balance at July 2, 2006
    
    
    9,600
    
    
    $
    51.24
   EXPORT SALES
  2006
    
    2005
    
    2004Export Sales
    
    $
    34,244
    
    
    $
    36,802
    
    
    $
    34,352Percent of Net Sales
    
    
    19
    %
    
    
    19
    %
    
    
    18
    %
  SALES AND RECEIVABLE CONCENTRATION
  2006
    
    
    2005
    
    
    2004Sales
    
    
    %
    
    
    Sales
    
    
    %
    
    
    Sales
    
    
    %General Motors Corporation
    
    $
    32,887
    
    
    
    18
    %
    
    $
    43,227
    
    
    
    23
    %
    
    $
    52,210
    
    
    
    27
    %Ford Motor Company
    
    
    27,295
    
    
    
    15
    %
    
    
    32,021
    
    
    
    17
    %
    
    
    34,713
    
    
    
    18
    %DaimlerChrysler Corporation
    
    
    58,603
    
    
    
    32
    %
    
    
    51,523
    
    
    
    27
    %
    
    
    41,965
    
    
    
    21
    %Delphi Corporation
    
    
    26,721
    
    
    
    15
    %
    
    
    29,621
    
    
    
    15
    %
    
    
    30,155
    
    
    
    15
    %$
    145,506
    
    
    
    80
    %
    
    $
    156,392
    
    
    
    82
    %
    
    $
    159,043
    
    
    
    81
    %
  July 2, 2006
    
    
    July 3, 2005Receivables
    
    
    %
    
    
    Receivables
    
    
    %General Motors Corporation
    
    $
    6,385
    
    
    
    25
    %
    
    $
    4,254
    
    
    
    16
    %Ford Motor Company
    
    
    225
    
    
    
    1
    %
    
    
    2,583
    
    
    
    10
    %DaimlerChrysler Corporation
    
    
    10,413
    
    
    
    41
    %
    
    
    9,745
    
    
    
    37
    %Delphi Corporation
    
    
    834
    
    
    
    3
    %
    
    
    3,618
    
    
    
    14
    %$
    17,857
    
    
    
    70
    %
    
    $
    20,200
    
    
    
    77
    %




---



##### 



REPORTS
 
 REPORT ON MANAGEMENTS ASSESSMENT OF INTERNAL CONTROL OVER FINANCIAL REPORTING
     -s- Harold M. Stratton II
    
    -s- Patrick J. HansenHarold M. Stratton II
    
    Patrick J. HansenChairman, President and
Chief Executive Officer
    
    Senior Vice President and
Chief Financial Officer




---



##### 



REPORTS
 
 REPORT OF INDEPENDENT REGISTERED
 PUBLIC ACCOUNTING FIRM




---



##### 



REPORTS
 
 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM




---



##### 



FINANCIAL SUMMARY
 
 FIVE-YEAR FINANCIAL SUMMARY
  Fiscal Years2006
    
    
    2005
    
    
    2004
    
    
    2003
    
    
    2002INCOME STATEMENT DATANet Sales
    
    $
    181,197
    
    
    $
    190,314
    
    
    $
    195,646
    
    
    $
    196,827
    
    
    $
    207,286Gross profit
    
    
    37,046
    
    
    
    42,776
    
    
    
    47,513
    
    
    
    45,359
    
    
    
    43,916Engineering, selling, and
administrative expenses
    
    
    22,067
    
    
    
    20,688
    
    
    
    20,624
    
    
    
    19,613
    
    
    
    19,644Provision for doubtful accounts, net
    
    
    1,622
    
    
    
    80
    
    
    
    26
    
    
    
    
    
    
    
    Income from operations
    
    
    13,357
    
    
    
    22,008
    
    
    
    26,863
    
    
    
    25,746
    
    
    
    24,272Interest income
    
    
    2,563
    
    
    
    1,169
    
    
    
    426
    
    
    
    369
    
    
    
    538Interest expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other income (expense), net
    
    
    960
    
    
    
    320
    
    
    
    362
    
    
    
    (156
    )
    
    
    (42
    )Income before taxes
    
    
    16,880
    
    
    
    23,497
    
    
    
    27,651
    
    
    
    25,959
    
    
    
    24,768Provision for income taxes
    
    
    4,403
    
    
    
    8,459
    
    
    
    10,369
    
    
    
    9,605
    
    
    
    9,164Net income
    
    $
    12,477
    
    
    $
    15,038
    
    
    $
    17,282
    
    
    $
    16,354
    
    
    $
    15,604Earnings per share:Basic
    
    $
    3.36
    
    
    $
    3.97
    
    
    $
    4.56
    
    
    $
    4.32
    
    
    $
    3.80Diluted
    
    
    3.35
    
    
    
    3.94
    
    
    
    4.49
    
    
    
    4.24
    
    
    
    3.73BALANCE SHEET DATANet working capital
    
    $
    81,348
    
    
    $
    74,619
    
    
    $
    68,682
    
    
    $
    51,277
    
    
    $
    50,722Total assets
    
    
    148,639
    
    
    
    138,090
    
    
    
    137,190
    
    
    
    118,094
    
    
    
    121,640Long-term liabilities
    
    
    8,838
    
    
    
    16,271
    
    
    
    12,054
    
    
    
    19,190
    
    
    
    15,448Shareholders Equity
    
    
    110,275
    
    
    
    91,751
    
    
    
    89,852
    
    
    
    69,095
    
    
    
    74,667
 QUARTERLY FINANCIAL DATA (UNAUDITED)
  Earnings Per Share
    
    
    Market Price Per ShareQuarter
    
    Net Sales
    
    
    Gross Profit
    
    
    Net Income
    
    
    Basic
    
    
    Diluted
    
    
    High
    
    
    Low2006
    
    First
    
    $
    44,793
    
    
    $
    9,774
    
    
    $
    1,740
    
    
    $
    0.46
    
    
    $
    0.46
    
    
    $
    65.75
    
    
    $
    49.67Second
    
    
    43,278
    
    
    
    8,542
    
    
    
    2,656
    
    
    
    0.71
    
    
    
    0.71
    
    
    
    52.38
    
    
    
    39.71Third
    
    
    46,575
    
    
    
    9,122
    
    
    
    4,116
    
    
    
    1.11
    
    
    
    1.10
    
    
    
    45.04
    
    
    
    36.59Fourth
    
    
    46,551
    
    
    
    9,608
    
    
    
    3,965
    
    
    
    1.08
    
    
    
    1.08
    
    
    
    49.84
    
    
    
    33.00TOTAL
    
    $
    181,197
    
    
    $
    37,046
    
    
    $
    12,477
    
    
    $
    3.36
    
    
    $
    3.352005
    
    First
    
    $
    44,591
    
    
    $
    10,770
    
    
    $
    3,624
    
    
    $
    0.95
    
    
    $
    0.94
    
    
    $
    68.55
    
    
    $
    60.78Second
    
    
    48,436
    
    
    
    11,489
    
    
    
    4,427
    
    
    
    1.16
    
    
    
    1.15
    
    
    
    65.50
    
    
    
    61.25Third
    
    
    46,102
    
    
    
    10,210
    
    
    
    3,731
    
    
    
    0.98
    
    
    
    0.98
    
    
    
    63.50
    
    
    
    52.20Fourth
    
    
    51,185
    
    
    
    10,307
    
    
    
    3,256
    
    
    
    0.87
    
    
    
    0.87
    
    
    
    54.46
    
    
    
    50.00TOTAL
    
    $
    190,314
    
    
    $
    42,776
    
    
    $
    15,038
    
    
    $
    3.97
    
    
    $
    3.94




---



##### 



DIRECTORS/OFFICERS/SHAREHOLDERS INFORMATION
 
  
 STRATTEC Board of Directors:
(Left to Right) Frank J. Krejci, Michael J. Koss,
Robert Feitler, Harold M. Stratton II, David R. Zimmer
 
 BOARD OF DIRECTORS
 Harold M. Stratton II, 58
 Robert Feitler, 75
 Michael J. Koss, 52
 Frank J. Krejci, 56
 David R. Zimmer, 60
 EXECUTIVE OFFICERS
 Harold M. Stratton II, 58
 Patrick
J. Hansen, 47
 Donald
J. Harrod, 62
 Dennis
A. Kazmierski, 54
 Kathryn
E. Scherbarth, 50
 Rolando
J. Guillot, 38
 Milan
R. Bundalo, 55
 SHAREHOLDERS
INFORMATION
 Annual Meeting
 Common Stock
 Form 10-K
 Corporate Governance
 Shareholder Inquiries
 Transfer Agent and Registrar




---



#####