Universal Electronics Inc. Files 8-K for Material Agreement

TL;DR

UEIC just signed a big deal, filing an 8-K with the SEC.

AI Summary

Universal Electronics Inc. entered into a material definitive agreement on August 22, 2024. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and its principal executive offices are located in Scottsdale, Arizona.

Why It Matters

This filing indicates a significant new development or contract for Universal Electronics Inc., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock performance.

Key Numbers

• 0-21044 — Commission File No. (SEC file number for Universal Electronics Inc.)
• 33-0204817 — I.R.S. Employer Identification No. (Tax identification number for Universal Electronics Inc.)

Key Players & Entities

• UNIVERSAL ELECTRONICS INC. (company) — Registrant
• August 22, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Scottsdale, Arizona (location) — Address of principal executive offices
• 0000101984-24-000146 (accession_number) — Filing accession number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share UEIC The Nasdaq Stock Market
• $13,000,000 — Indebtedness" in amounts not to exceed $13,000,000 and allows the Company to grant a "Lien
• $11,500,000 — ank of China in an amount not to exceed $11,500,000 (not including "Property" located in th

Filing Documents

• ueic-20240822.htm (8-K) — 31KB
• a8thamendmenttosecondarcre.htm (EX-10.1) — 38KB
• 0000101984-24-000146.txt ( ) — 197KB
• ueic-20240822.xsd (EX-101.SCH) — 2KB
• ueic-20240822_lab.xml (EX-101.LAB) — 21KB
• ueic-20240822_pre.xml (EX-101.PRE) — 12KB
• ueic-20240822_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On August 22, 2024, Universal Electronics Inc. (the "Company") entered into an Eighth Amendment to the Second Amended and Restated Credit Agreement (the "Credit Agreement") with U.S. Bank National Association (the "Bank"). This Eighth Amendment to the Credit Agreement, with an effective date of August 16, 2024, allows for, among other things, the Company to incur "Other Indebtedness" in amounts not to exceed $13,000,000 and allows the Company to grant a "Lien" in favor of Bank of China in an amount not to exceed $11,500,000 (not including "Property" located in the United States). All other provisions of the Credit Agreement remain substantially the same. The foregoing description of the Eighth Amendment to the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Eighth Amendment to the Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. The following exhibits are furnished with this report. Exhibit No. Description 10.1 Eighth Amendment to Second Amended and Restated Credit Agreement signed August 22, 2024 (filed herewith) 104 Cover Page to this Current Report on Form 8-K, formatted in Inline XBRL 1 SIGNATURE 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: August 28, 2024 By: /s/ Bryan Hackworth Bryan Hackworth Chief Financial Officer (Principal Financial Officer) 2

View Full Filing

View this 8-K filing on SEC EDGAR