Universal Technical Institute Inc. Files Definitive Proxy Statement

TL;DR

<b>Universal Technical Institute Inc. filed its DEF 14A proxy statement on January 23, 2024, detailing executive compensation and corporate governance matters.</b>

AI Summary

UNIVERSAL TECHNICAL INSTITUTE INC (UTI) filed a Proxy Statement (DEF 14A) with the SEC on January 23, 2024. Universal Technical Institute Inc. filed a Definitive Proxy Statement (DEF 14A) on January 23, 2024. The filing covers the period ending March 7, 2024. The company's fiscal year ends on September 30. The filing includes data related to executive compensation for fiscal years 2020-2023. Key compensation components include grant date values, fair value of unvested awards, and total adjustments for equity awards.

Why It Matters

For investors and stakeholders tracking UNIVERSAL TECHNICAL INSTITUTE INC, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation practices and proposals to be voted on at the upcoming annual meeting. Understanding the details of executive compensation and any proposed changes is vital for shareholders to make informed voting decisions and assess the company's financial stewardship.

Risk Assessment

Risk Level: low — UNIVERSAL TECHNICAL INSTITUTE INC shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not indicate any unusual financial or operational distress.

Analyst Insight

Shareholders should review the executive compensation details and any proposed resolutions to make informed voting decisions at the upcoming meeting.

Key Numbers

• 2024-01-23 — Filing Date (DEF 14A filing date)
• 2024-03-07 — Period of Report (Conformed period of report)
• 0930 — Fiscal Year End (Company's fiscal year end)
• 2020-10-01 to 2023-09-30 — Executive Compensation Data Range (Fiscal years covered by compensation data)

Key Players & Entities

• UNIVERSAL TECHNICAL INSTITUTE INC (company) — Filer name
• UTI (company) — Ticker symbol
• DEF 14A (document) — Filing type
• 2024-01-23 (date) — Filing date
• 2024-03-07 (date) — Period of report
• 0001261654 (company) — Central Index Key
• 860226984 (regulator) — IRS Number
• DE (location) — State of Incorporation

FAQ

Industry Context

Universal Technical Institute operates in the educational services sector, focusing on trade and technical training.

Regulatory Implications

As a publicly traded company, Universal Technical Institute is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) for shareholder meetings.

What Investors Should Do

1. Review the executive compensation tables for the fiscal years 2020-2023.
2. Analyze any proposals presented for shareholder vote.
3. Understand the company's fiscal year end and reporting periods.

Key Dates

• 2024-01-23: Filing of DEF 14A — Indicates the company is providing detailed information to shareholders regarding corporate governance and executive compensation.

Year-Over-Year Comparison

This filing is a DEF 14A, a standard proxy statement, and does not provide direct comparison data to a previous filing in this format.

Key Financial Figures

• $21.5 billion — , and Board Member of Trinity Health, a $21.5 billion national health system that includes 26

Filing Documents

• d512171ddef14a.htm (DEF 14A) — 1520KB
• g512171dsp129a.jpg (GRAPHIC) — 4KB
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• g512171g19a30.jpg (GRAPHIC) — 48KB
• g512171g20a10.jpg (GRAPHIC) — 48KB
• g512171g20a20.jpg (GRAPHIC) — 48KB
• g512171g20a30.jpg (GRAPHIC) — 49KB
• g512171g21a10.jpg (GRAPHIC) — 48KB
• g512171g22q21.jpg (GRAPHIC) — 124KB
• g512171g26t57.jpg (GRAPHIC) — 469KB
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• g512171g53e34.jpg (GRAPHIC) — 21KB
• g512171g56z17.jpg (GRAPHIC) — 116KB
• g512171g92e62.jpg (GRAPHIC) — 92KB
• 0001193125-24-012996.txt (&nbsp;) — 7180KB
• uti-20230930.xsd (EX-101.SCH) — 4KB
• uti-20230930_def.xml (EX-101.DEF) — 4KB
• uti-20230930_lab.xml (EX-101.LAB) — 5KB
• uti-20230930_pre.xml (EX-101.PRE) — 3KB
• d512171ddef14a_htm.xml (XML) — 192KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 56

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 67 DELINQUENT SECTION 16(a) REPORTS. 69 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 70 QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND VOTING INFORMATION 73 SUBMISSION OF STOCKHOLDER PROPOSALS FOR 2024 ANNUAL MEETING 80 OTHER MATTERS 81 ANNUAL REPORT 82 NO INCORPORATION BY REFERENCE 83 i Table of Contents NOTICE OF ANNUAL MEETING OF STOCKHOLDERS UNIVERSAL TECHNICAL INSTITUTE, INC. 4225 E. Windrose Drive Suite 200 Phoenix, Arizona 85032 (623) 445-9500 Date & Time Thursday, March 7, 2024 8:30 a.m. Eastern Standard time Virtual Meeting Location www.virtualshareholdermeeting.com/UTI2024 and entering the 16-digit control number Record Date Close of Business January 9, 2024 To the stockholders of Universal Technical Institute, Inc.: The 2024 Annual Meeting of Stockholders (" Annual Meeting ") of Universal Technical Institute, Inc. (the " Company ," " UTI ," " we ," " us " or " our ") will be held on Thursday, March 7, 2024 at 8:30 a.m. Eastern Standard time. The Annual Meeting will be a completely "virtual" meeting of stockholders and you will be able to attend the Annual Meeting by visiting www.virtualshareholdermeeting.com/UTI2024 and entering the 16-digit control number included in your Notice of Internet Availability of Proxy Materials, on your proxy card or in the instructions that accompanied your proxy materials. The items of business at the Annual Meeting are set forth below: 1.To elect three (3) Class II directors to our Board of Directors to serve for a term of three (3) years or until their respective successors are duly elected and qualified. 2.To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending September 30, 2024. 3.To approve, on an advisory basis, the compensation of the Company's Named Executive Officers (" NEOs "). 4.To approve an amendment and

View Full Filing

View this DEF 14A filing on SEC EDGAR