Universal Electronics Inc. Files 8-K for Material Agreement

TL;DR

UEC signed a big deal on 8/29. Check the 8-K.

AI Summary

Universal Electronics Inc. entered into a Material Definitive Agreement on August 29, 2024. The filing also includes financial statements and exhibits related to this agreement. The company is headquartered in Scottsdale, Arizona.

Why It Matters

This 8-K filing indicates a significant new contract or partnership for Universal Electronics Inc., which could impact its future financial performance and strategic direction.

Risk Assessment

Risk Level: medium — Material Definitive Agreements can introduce new risks and opportunities that are not yet fully understood by the market.

Key Numbers

• 1231 — Fiscal Year End (Indicates the company's financial reporting cycle.)

Key Players & Entities

• UNIVERSAL ELECTRONICS INC. (company) — Registrant
• August 29, 2024 (date) — Date of earliest event reported
• Scottsdale, Arizona (location) — Principal executive offices
• 0000101984-24-000150 (accession_number) — SEC Filing Accession Number

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share UEIC The Nasdaq Stock Market

Filing Documents

• ueic-20240829.htm (8-K) — 32KB
• lineofcreditagreementengli.htm (EX-10.1) — 280KB
• maximummortgagecontracteng.htm (EX-10.2) — 100KB
• workingcapitalloancontract.htm (EX-10.3) — 173KB
• 0000101984-24-000150.txt ( ) — 789KB
• ueic-20240829.xsd (EX-101.SCH) — 2KB
• ueic-20240829_lab.xml (EX-101.LAB) — 21KB
• ueic-20240829_pre.xml (EX-101.PRE) — 12KB
• ueic-20240829_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On August 29, 2024, Universal Electronics Inc.'s subsidiary Gemstar Technology (Yangzhou) Co. Ltd. ("GTY") entered into a Line of Credit Agreement ("LOC"), a Maximum Mortgage Contract (the "Mortgage Contract"), and a Working Capital Loan Contract (the "WC Contract"), each with Bank of China Limited, Baoying Sub-Branch (collectively, the LOC, Mortgage Contract and WC Contract is herein referred to as the "BOC Loan Contracts"). Subject to the terms and conditions of the BOC Loan Contracts, GTY is allowed to borrow up to 80,000,000 RMB for general business purposes until July 24, 2025. The foregoing description of the BOC Loan Contracts does not purport to be complete and is qualified in its entirety by reference to the full text of the BOC Loan Contracts, which are filed as Exhibits 10.1, 10.2 and 10.3 to this Current Report on Form 8-K and are 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 Line of Credit Agreement signed August 29, 2024 (filed herewith) 10.2 Maximum Mortgage Contract signed August 29, 2024 (filed herewith) 10.3 Working Capital Loan Contract signed August 29, 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: September 3, 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