Item 4.01. Changes in Registrant's Certifying Accountant.
On October 6, 2020, STRATTEC SECURITY CORPORATION (the "Company") dismissed
Deloitte & Touche LLP as its independent public accountants and appointed Crowe
LLP as its new independent public accountants. The decision to dismiss Deloitte
& Touche and to retain Crowe was approved by the Company's Audit Committee on
October 6, 2020.
Deloitte & Touche's reports on the Company's consolidated financial statements
for each of the fiscal years ended June 28, 2020 and June 30, 2019 did not
contain an adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles, except the
audit report on our financial statements as of and for the fiscal years ended
June 28, 2020 and June 30, 2019 did contain an explanatory paragraph related to
our adoption of a new accounting principle.
During the Company's two most recent fiscal years and through October 6, 2020,
there were no disagreements with Deloitte & Touche on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure which, if not resolved to Deloitte & Touche's satisfaction, would have
caused them to make reference to the subject matter in connection with their
report on the Company's consolidated financial statements for such years; and
there were no reportable events, as listed in Item 304(a)(1)(v) of SEC
Regulation S-K.
The Company has provided Deloitte & Touche with a copy of the foregoing
disclosures and has requested that Deloitte & Touche review such disclosures and
provide a letter addressed to the Securities and Exchange Commission as
specified by Item 304(a)(3) of Regulation S-K. A copy of Deloitte & Touche's
letter to the Securities and Exchange Commission is attached to this report as
Exhibit 16.1.
During the fiscal years ended June 28, 2020 and June 30, 2019, and the
subsequent interim period through October 6, 2020, the Company did not consult
with Crowe LLP regarding any of the matters or events set forth in Item
304(a)(2)(i) and (ii) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
16.1 -- Letter of Deloitte & Touche LLP dated October 9, 2020 concerning
change in the registrant's certifying accountant.
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