Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - UNIVERSAL ELECTRONICS INC | a56093exv99w1.htm |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO SECTIONS 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): May 11, 2010
UNIVERSAL ELECTRONICS INC.
(Exact name of Registrant as specified in its charter)
| Delaware (State or other jurisdiction of incorporation or organization) |
0-21044 (Commission File No.) |
33-0204817 (I.R.S. Employer Identification No.) |
6101 Gateway Drive
Cypress, California 90630
(Address of principal executive offices, with Zip Code)
Cypress, California 90630
(Address of principal executive offices, with Zip Code)
(714) 820-1000
(Registrant’s telephone number, including area code):
(Registrant’s telephone number, including area code):
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 8.01
Other Events
Paul Arling, chairman and chief executive officer, has established a new trading plan in accordance
with Rule 10b5-1 of the Securities Exchange Act. Rule 10b5-1 promulgated under the Securities
Exchange Act of 1934 permits an individual who is not then in possession of material nonpublic
information to establish a prearranged plan to buy or sell stock. The rule allows an individual to
buy or sell shares of stock at a specific price in the future, regardless of any subsequent
material nonpublic information.
Under the plan, Arling intends to exercise up to 80,000 employee stock options, which were granted
in August 2000 and are set to expire in August 2010, and to sell the underlying shares of UEI
common stock beginning May 12, 2010 and continuing from time to time until the expiration date of
the options, subject to the market price of the company’s common stock, all as set forth in his
trading plan. This process will facilitate the orderly exercise of employee stock options and the
sale of common stock for personal financial planning purposes with the goal of minimizing any
market impact and avoiding any concerns about the timing of the transactions.
On May 11, 2010, UEI has issued a press release regarding Mr. Arling’s trading plan. A copy of the
press release is included as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits. The following exhibit is furnished with this report.
| 99.1 | Press Release of Universal Electronics Inc. dated May 11, 2010. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Universal Electronics Inc. |
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| Date: May 11, 2010 | By: | /s/ Bryan Hackworth | ||
| Bryan Hackworth | ||||
| Chief Financial Officer (Principal Financial Officer) | ||||