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
Date of Report (date of earliest event reported): August 27, 2008
UNIVERSAL ELECTRONICS INC.
(Exact name of Registrant as specified in its charter)
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Delaware
(State or other jurisdiction
of incorporation or organization)
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0-21044
(Commission File No.)
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33-0204817
(I.R.S. Employer
Identification No.) |
6101 Gateway Drive
Cypress, California 90630
(Address of principal executive offices, with Zip Code)
(714) 820-1000
(Registrants 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:
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Written communications pursuant to Rule 425 under the Securities Act |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
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TABLE OF CONTENTS
Item 8.01 Other Events
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, Paul Arling, chairman and chief executive officer, intends to exercise up to 40,000
employee stock options, which are set to expire in January 2009, and to immediately sell the
underlying shares of UEI common stock beginning immediately and continuing from time to time until
the expiration date of the options, subject to the market price of our common stock. 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.
In addition, outside of this plan, Arling intends to exercise up to 12,800 employee stock options
which are also set to expire in January 2009 and hold the underlying shares of Universal
Electronics Inc. common stock.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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Exhibit No. |
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Description |
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99.1
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Press Release dated August 27, 2008 |
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.
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Universal Electronics Inc.
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Date: August 27, 2008 |
By: |
/s/ Bryan Hackworth
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Bryan Hackworth |
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Chief Financial Officer (Principal
Financial Officer) |
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