A cam cleat particularly usable for securing laces of footwear which is easy and quick to assembly making use of a base member with vertically extending studs including vertical slots defined therein to facilitate the studs flexing inwardly to a smaller diameter to facilitate placement of engaging caps on the studs with the respective locking rims of the studs being engageable into locking grooves defined in the mated surfaces of the engaging caps. In this manner the caps can be snapped onto the mounting studs merely by exerting downward pressure thereon with a return spring held in the proper position.