SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 1, 2022
UNIVERSAL ELECTRONICS INC.
(Exact name of Registrant as specified in its charter)
|Delaware|| ||0-21044|| ||33-0204817|
|(State or other jurisdiction|| ||(Commission File No.)|| ||(I.R.S. Employer|
|of incorporation)|| || ||Identification No.)|
15147 N. Scottsdale Road, Suite H300, Scottsdale, Arizona 85254-2494
(Address of principal executive offices and zip 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:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|Securities registered pursuant to Section 12(b) of the Act:|
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
|Common Stock, par value $0.01 per share||UEIC||The NASDAQ Stock Market LLC|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 1, 2022, Joseph E. Miketo and Universal Electronics Inc. (the “Company”) reached an agreement whereby Mr. Miketo’s employment as Senior Vice President Global Operations ended without cause. On that same date, Mr. Miketo and the Company entered into a Consulting Agreement until terminated by either party whereby Mr. Miketo will provide services to the Company to oversee and coordinate the efforts of the Company’s manufacturing and operations functions globally as needed and to assist in the transition of his replacement. In exchange for his services, Mr. Miketo will be paid $240 per hour up to a maximum of $1,500 per day, but not greater than $5,000 per week for services performed within the United States, or $7,000 per week for services performed outside of the United States.
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 hereunto duly authorized.
| || ||Universal Electronics Inc.|
|Date: July 6, 2022|| || ||By:|| |
/s/ Bryan Hackworth
| || || ||Bryan Hackworth|
| || || ||Chief Financial Officer|
(Principal Financial Officer)