Universal Electronics Inc. Signs Material Definitive Agreement
Ticker: UEIC · Form: 8-K · Filed: Jan 2, 2025 · CIK: 101984
| Field | Detail |
|---|---|
| Company | Universal Electronics Inc (UEIC) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $75,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
Related Tickers: UEIC
TL;DR
UEIC signed a big deal, details TBD.
AI Summary
Universal Electronics Inc. announced on January 2, 2025, that it entered into a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant new contract or partnership for Universal Electronics Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.
Key Players & Entities
- UNIVERSAL ELECTRONICS INC. (company) — Registrant
- January 2, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Universal Electronics Inc.?
The filing does not specify the nature of the material definitive agreement.
Who is the counterparty to the material definitive agreement?
The filing does not disclose the name of the other party involved in the agreement.
What is the effective date of the material definitive agreement?
The earliest event reported is January 2, 2025, which is the date of the report and likely the date the agreement was entered into.
Are there any financial terms disclosed for this agreement?
No specific financial amounts or terms related to the agreement are disclosed in this filing.
What is the purpose of filing this 8-K?
This 8-K is filed to report the entry into a Material Definitive Agreement and to include Financial Statements and Exhibits.
Filing Stats: 560 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2025-01-02 15:18:45
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share UEIC The Nasdaq Stock Market
- $75,000,000 — t of the Credit Agreement is amended to $75,000,000, and the term of the Credit Agreement i
Filing Documents
- ueic-20250102.htm (8-K) — 31KB
- ninthamendmenttosecondamen.htm (EX-10.1) — 49KB
- 0000101984-25-000003.txt ( ) — 208KB
- ueic-20250102.xsd (EX-101.SCH) — 2KB
- ueic-20250102_lab.xml (EX-101.LAB) — 21KB
- ueic-20250102_pre.xml (EX-101.PRE) — 12KB
- ueic-20250102_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On January 2, 2025, Universal Electronics Inc. (the "Company") entered into a Ninth Amendment to the Second Amended and Restated Credit Agreement (the "Credit Agreement") with U.S. Bank National Association (the "Bank"). This Ninth Amendment to the Credit Agreement, with an effective date of December 16, 2024, allows for, among other things, the limit of the Credit Agreement is amended to $75,000,000, and the term of the Credit Agreement is extended through April 30, 2026. All other provisions of the Credit Agreement remain substantially the same. The foregoing description of the Ninth 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 Ninth 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 Ninth Amendment to Second Amended and Restated Credit Agreement signed January 2, 2025 (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: January 2, 2025 By: /s/ Bryan Hackworth Bryan Hackworth Chief Financial Officer (Principal Financial Officer) 2