Matteo Anversa
About Matteo Anversa
Independent director of Strattec Security Corporation since 2024; age 54. Currently Chief Financial Officer of Logitech International (LOGI/LOGN) since 2024; prior CFO and Treasurer of Gentherm (2019–Aug 2024), and earlier executive finance roles at Fiat Chrysler Automobiles including CFO of Ferrari and Vice President Group FP&A; began career at General Electric. Board biography highlights extensive public-company finance expertise, automotive industry experience, and global finance credentials; designated an Audit Committee Financial Expert by the Board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Logitech International | Chief Financial Officer | 2024–present | Public company CFO; global finance and capital markets experience . |
| Gentherm, Inc. | EVP Finance, CFO & Treasurer | Jan 2019–Aug 2024 | Led finance at automotive thermal solutions leader; public-company executive . |
| Myers Industries, Inc. | EVP & CFO | Dec 2016–Dec 2018 | Manufacturing finance leadership . |
| Ferrari (Fiat Chrysler) | CFO | Prior to 2016 | Automotive luxury segment finance oversight . |
| Fiat Chrysler Automobiles | VP Group FP&A | Prior to 2016 | Group financial planning & analysis leader . |
| General Electric | Various finance leadership roles | 16 years | Foundational training and leadership in finance . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Gabelli Value for Italy (VALU; AIM Italia) | Director | 2018–2020 | Foreign exchange-listed company directorship . |
Board Governance
- Committee assignments: Audit (Chair); Compensation; Nominating & Corporate Governance. Independence affirmed; designated Audit Committee Financial Expert (along with Board Chair F. Jack Liebau, Jr.) .
- Attendance and engagement: Board held five meetings in FY2025; all directors attended more than 75% of Board and committee meetings. Executive sessions (non-employee directors) held at each Board meeting .
- Board leadership: Independent non-executive Chair (F. Jack Liebau, Jr.) separate from CEO; Audit Committee comprises five independent directors; Anversa chairs Audit .
| Committee (FY2025) | Role | Meetings |
|---|---|---|
| Audit | Chair | 9 . |
| Compensation | Member | 6 . |
| Nominating & Corporate Governance | Member | 5 . |
Fixed Compensation
Program structure (non-employee directors, FY2025):
- Annual retainer $170,000 ($85,000 cash paid quarterly; $85,000 in restricted stock/RSUs granted at annual meeting, vesting at the next annual meeting upon completion of term). Initial transition year included two equity grants: $50,000 restricted stock (vested immediately, covering FY2024 service) and $85,000 restricted stock (one-year cliff vest). Committee chair fees: Audit Chair $20,000; Compensation Chair $15,000; Nominating & Corporate Governance Chair $15,000. Meeting fees eliminated; directors no longer participate in an annual cash incentive program .
Individual (FY2025) summary for Matteo Anversa:
| Component | Amount (USD) | Notes |
|---|---|---|
| Fees Earned or Paid in Cash | $72,421 | Annualized based on appointment/timing . |
| Stock Awards (grant-date fair value) | $86,426 | Restricted stock awards granted Oct 25, 2024; ASC 718 fair value . |
| Non-Equity Incentive Plan Comp | $0 | Director incentive program discontinued . |
| All Other Compensation | $0 | — . |
| Total | $158,847 | — . |
Performance Compensation
Director incentives:
- FY2025: No director incentive program (eliminated as part of compensation modernization) .
- FY2024 (historical program): TIPS Bonus for directors paid 40% of retainer/meeting fees multiplied by a Company Performance Factor tied to fiscal-year profit before tax (hurdle $12 million; linear scale to 200% cap). Company Performance Factor was 1.05 for FY2024 (adjusted pre-tax income $24.6 million) .
| Metric (FY2024 Director TIPS) | Target/Hurdle | Actual/Mechanics |
|---|---|---|
| Profit Before Tax (adjusted) hurdle | $12 million | Minimum for any payout . |
| Target PBT for 1.00 factor | $24 million | Straight-line scaling; cap at 200% factor ≥$36 million . |
| Company Performance Factor | 1.05 | Based on $24.6 million adjusted PBT . |
| Payout formula | 40% of retainer × factor | Up to 200% cap . |
Other Directorships & Interlocks
| Company | Type | Interlocks/Considerations |
|---|---|---|
| Gabelli Value for Italy (VALU) | Public (AIM Italia) | Historical association with Gabelli ecosystem; Strattec’s principal shareholder includes GAMCO Investors (18.7% as of Aug 15, 2025). No related-party transactions disclosed by Strattec in FY2025 . |
Expertise & Qualifications
- Public company CFO (Logitech; prior Gentherm, Myers); automotive industry and global finance experience; strengthens risk oversight and financial reporting .
- Audit Committee Financial Expert designation; deep financial, risk management, and governance skills .
- Skills matrix highlights Financial, Corporate Governance, Strategic Planning, M&A, International Business .
Equity Ownership
Beneficial ownership as of August 15, 2025:
| Holder | Shares | % of Class | Voting Power Detail | Vested vs Unvested |
|---|---|---|---|---|
| Matteo Anversa | 2,207 | 0.1% | Sole voting power only: 2,207 . | All listed shares are unvested restricted stock under Company plans . |
Policies:
- Anti-hedging, anti-short-selling, no margin accounts, and no pledging of Strattec securities; pre-clearance required for insider transactions .
- Clawback policy aligned with SEC/Nasdaq; recovery of excess incentive compensation on restatements over last three years .
- Stock ownership guidelines for directors adopted (Board disclosure of implementation; details for executive guidelines: CEO 5x salary; other EOs 2x salary) .
Insider Trades
| Filing Date | Transaction Date | Form | Security | Notes/Code |
|---|---|---|---|---|
| Oct 17, 2025 | Oct 15, 2025 | Form 4 | Common Stock | Form 4 filed; see SEC ownership XML. Details per filing . |
Governance Assessment
- Strengths: Independent director; Audit Chair with Audit Committee Financial Expert designation; robust anti-hedging/pledging and clawback policies; declassified Board and proxy access; executive sessions at each Board meeting; clear committee charters and active risk oversight .
- Alignment: Director pay mix moved to balanced cash/equity retainer; elimination of director incentives reduces pay-for-performance noise and potential risks; equity awards with one-year cliff vesting support alignment .
- Attendance and engagement: Board held five meetings; all directors attended >75%; Audit/Comp/NomGov met 9/6/5 times respectively; executive sessions each meeting .
- Potential red flags/monitoring: Low personal ownership (2,207 unvested RS; 0.1% of class) pending vesting; historical association with Gabelli ecosystem while GAMCO is a principal shareholder—network overlap warrants continued monitoring, but Company disclosed no related-party transactions in FY2025 and strong trading/hedging restrictions mitigate risk .
- Shareholder sentiment: Prior say-on-pay approval 78% at 2024 annual meeting; continued annual votes support accountability .