Universal Technical Institute Reports Director Changes and Officer Compensation Updates
Ticker: UTI · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1261654
| Field | Detail |
|---|---|
| Company | Universal Technical Institute Inc (UTI) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-compensation, financials
TL;DR
UTI filed an 8-K: director changes, officer comp updates, shareholder votes, and financials.
AI Summary
Universal Technical Institute, Inc. filed an 8-K on March 12, 2024, reporting on several key events. These include the departure of a director, the election of a new director, and updates to compensatory arrangements for certain officers. The filing also covers the submission of matters to a vote of security holders and the filing of financial statements and exhibits.
Why It Matters
This filing provides crucial updates on the company's governance and executive compensation, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is routine and reports on standard corporate governance and financial matters without indicating any immediate financial distress or significant operational changes.
Key Players & Entities
- Universal Technical Institute, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Phoenix, Arizona (location) — Principal executive offices
FAQ
Who departed from the board of directors?
The filing indicates the departure of a director, but the specific name is not detailed in the provided text.
Was a new director elected?
Yes, the filing reports the election of a director.
What other items are covered in this 8-K filing?
The filing also covers updates to compensatory arrangements of certain officers, submission of matters to a vote of security holders, and the filing of financial statements and exhibits.
What is the principal executive office address for Universal Technical Institute, Inc.?
The principal executive offices are located at 4225 E. Windrose Drive, Suite 200, Phoenix, Arizona 85032.
When was the earliest event reported in this 8-K?
The earliest event reported in this 8-K occurred on March 7, 2024.
Filing Stats: 1,175 words · 5 min read · ~4 pages · Grade level 13 · Accepted 2024-03-12 17:12:55
Key Financial Figures
- $0.0001 — b) of the Act: Common Stock, par value $0.0001 per share UTI New York Stock Exchan
Filing Documents
- d810619d8k.htm (8-K) — 44KB
- d810619dex101.htm (EX-10.1) — 185KB
- d810619dex102.htm (EX-10.2) — 30KB
- d810619dex103.htm (EX-10.3) — 40KB
- g810619imgf.jpg (GRAPHIC) — 21KB
- g810619imgh.jpg (GRAPHIC) — 23KB
- 0001193125-24-066020.txt ( ) — 550KB
- uti-20240307.xsd (EX-101.SCH) — 3KB
- uti-20240307_lab.xml (EX-101.LAB) — 18KB
- uti-20240307_pre.xml (EX-101.PRE) — 11KB
- d810619d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibits 10.1 Universal Technical Institute, Inc., Amended and Restated 2021 Equity Incentive Plan 10.2 Form of Restricted Stock Unit Agreement under Amended and Restated 2021 Equity Incentive Plan effective as of March 7, 2024 10.3 Form of Performance Unit Award Agreement under Amended and Restated 2021 Equity Incentive Plan effective as of March 7, 2024 104 Cover page Interactive Data File (embedded within the Inline XBRL document) 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 12, 2024 Universal Technical Institute, Inc. By: /s/ Christopher Kevane Name: Christopher Kevane Title: Senior Vice President and Chief Legal Officer 4