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    SEC Form SC 13D filed by Universal Electronics Inc.

    7/3/23 9:00:39 AM ET
    $UEIC
    Consumer Electronics/Appliances
    Consumer Staples
    Get the next $UEIC alert in real time by email
    SC 13D 1 sc13d13446008_07032023.htm SCHEDULE 13D

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    SCHEDULE 13D

    (Rule 13d-101)

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

    TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

    § 240.13d-2(a)

    (Amendment No. )1

    Universal Electronics Inc.

    (Name of Issuer)

    Common Stock, par value $0.01 per share

    (Title of Class of Securities)

    913483103

    (CUSIP Number)

    TORO 18 HOLDINGS LLC

    C/O ELIZABETH GONZALEZ-SUSSMAN, ESQ.

    OLSHAN FROME WOLOSKY LLP

    1325 Avenue of the Americas

    New York, New York 10019

    (212) 451-2300

    (Name, Address and Telephone Number of Person

    Authorized to Receive Notices and Communications)

     

    June 21, 2023

    (Date of Event Which Requires Filing of This Statement)

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

    Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.

     

     

     

    1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

    CUSIP No. 913483103

      1   NAME OF REPORTING PERSON  
             
            TORO 18 HOLDINGS LLC  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            WC  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            DELAWARE  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         - 0 -  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         1,123,986  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              - 0 -  
        10   SHARED DISPOSITIVE POWER  
               
              1,123,986  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            1,123,986  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            8.7%  
      14   TYPE OF REPORTING PERSON  
             
            OO  

      

    2

    CUSIP No. 913483103

      1   NAME OF REPORTING PERSON  
             
            IMMERSION CORPORATION  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            AF (see Item 3)  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            DELAWARE  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         - 0 -  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         1,123,986  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              - 0 -  
        10   SHARED DISPOSITIVE POWER  
               
              1,123,986  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            1,123,986  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            8.7%  
      14   TYPE OF REPORTING PERSON  
             
            CO  

      

    3

    CUSIP No. 913483103

     

      1   NAME OF REPORTING PERSON  
             
            WILLIAM C. MARTIN  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            AF (see Item 3)  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            UNITED STATES OF AMERICA  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         - 0 -  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         1,123,986  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              - 0 -  
        10   SHARED DISPOSITIVE POWER  
               
              1,123,986  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            1,123,986  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            8.7%  
      14   TYPE OF REPORTING PERSON  
             
            IN  

      

    4

    CUSIP No. 913483103

     

      1   NAME OF REPORTING PERSON  
             
            ERIC SINGER  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            AF (see Item 3)  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            UNITED STATES OF AMERICA  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         - 0 -  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         1,123,986  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              - 0 -  
        10   SHARED DISPOSITIVE POWER  
               
              1,123,986  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            1,123,986  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            8.7%  
      14   TYPE OF REPORTING PERSON  
             
            IN  

      

    5

    CUSIP No. 913483103

     

    The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).

    Item 1.Security and Issuer.

    This statement relates to the Common Stock, par value $0.01 per share (the “Shares”), of Universal Electronics Inc., a Delaware corporation (the “Issuer”). The address of the principal executive offices of the Issuer is 15147 N. Scottsdale Road, Suite H300, Scottsdale, Arizona 85254-2494.

    Item 2.Identity and Background.

    (a)       This statement is filed by:

    (i)Toro 18 Holdings LLC, a Delaware limited liability company (“Toro 18”), with respect to the Shares directly and beneficially owned by it;
    (ii)Immersion Corporation, a Delaware corporation (“Immersion”), as the sole member of Toro 18;
    (iii)William C. Martin (“Mr. Martin”), as the Chief Strategy Officer of Toro 18; and
    (iv)Eric Singer (“Mr. Singer”), as the President and Chief Executive Officer of Toro 18.

    Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

    Set forth on Schedule A annexed hereto (“Schedule A”) is the name and present principal occupation or employment, principal business address and citizenship of the executive officers and directors of Immersion. To the best of the Reporting Persons’ knowledge, except as otherwise set forth herein, none of the persons listed on Schedule A beneficially owns any securities of the Issuer or is a party to any contract, agreement or understanding required to be disclosed herein.

    (b)       The business address of each of Toro 18, Immersion, and Mr. Singer is 2999 N.E. 191st Street, Suite 610, Aventura, FL 33180. The business address of Mr. Martin is c/o Raging Capital Management, LLC, Ten Princeton Avenue, P.O. Box 228, Rocky Hill, New Jersey 08553.

    (c)       The principal business of Toro 18 is investing in securities. The principal business of Immersion is serving as a premier licensing company focused on the invention, acceleration, and scaling, through licensing, of innovative haptic technologies. Mr. Martin’s principal occupation is serving as Chief Strategy Officer of Toro 18 and Chief Strategy Officer and as a member of the Board of Directors of Immersion. Mr. Martin also manages his personal family office, Raging Capital Ventures. The principal occupation of Mr. Singer is serving as President, Chief Executive Officer, and Chairman of the Board of Directors of Immersion and President and Chief Executive Officer of Toro 18.

    (d)       No Reporting Person, nor any person listed on Schedule A, annexed hereto, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

    6

    CUSIP No. 913483103

    (e)       No Reporting Person, nor any person listed on Schedule A, annexed hereto, has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

    (f)       Messrs. Martin and Singer are citizens of the United States of America. Toro 18 and Immersion are incorporated under the laws of the State of Delaware. The citizenship of the persons listed on Schedule A is set forth therein.

    Item 3.Source and Amount of Funds or Other Consideration.

    The Shares purchased by Toro 18 were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted in Schedule B, which is incorporated herein by reference. The aggregate purchase price of the 1,123,986 Shares directly beneficially owned by Toro 18 is approximately $10,681,474, excluding brokerage commissions.

    Item 4.Purpose of Transaction.

    The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable.

    No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the securities of the Issuer, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in communications with management, the Board and their advisors, engaging in discussions with shareholders of the Issuer and others about the Issuer and the Reporting Persons’ investment, making proposals to the Issuer concerning changes to the capitalization, the ownership structure, the structure, composition and skill sets of the Board and senior management or the operations of the Issuer, purchasing additional securities of the Issuer, selling some or all of such securities, entering into financial instruments or other agreements that increase or decrease the Reporting Persons’ economic or beneficial exposure with respect to their investment in the Issuer, engaging in short selling of or any hedging or similar transaction with respect to the securities of the Issuer, including swaps and other derivative instruments, or changing their intention with respect to any and all matters referred to in Item 4.

    Item 5.Interest in Securities of the Issuer.

    The aggregate percentage of Shares reported owned by each person named herein is based upon 12,857,436 Shares outstanding, which is the total number of Shares outstanding as of May 5, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 9, 2023.

    7

    CUSIP No. 913483103

    A.Toro 18
    (a)As of the close of business on June 30, 2023, Toro 18 directly beneficially owned 1,123,986 Shares.

    Percentage: Approximately 8.7%

    (b)1. Sole power to vote or direct vote: 0
    2. Shared power to vote or direct vote: 1,123,986
    3. Sole power to dispose or direct the disposition: 0
    4. Shared power to dispose or direct the disposition: 1,123,986

     

    (c)The transactions in the Shares by Toro 18 during the past sixty days are set forth in Schedule B and are incorporated herein by reference.
    B.Immersion
    (a)Immersion, as the sole member of Toro 18, may be deemed to beneficially own the 1,123,986 Shares owned by Toro 18.

    Percentage: Approximately 8.7%

    (b)1. Sole power to vote or direct vote: 0
    2. Shared power to vote or direct vote: 1,123,986
    3. Sole power to dispose or direct the disposition: 0
    4. Shared power to dispose or direct the disposition: 1,123,986

     

    (c)Immersion has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of Toro 18 during the past sixty days are set forth in Schedule B and are incorporated herein by reference.
    C.Mr. Martin
    (a)As the Chief Strategy Officer of Toro, Mr. Martin may be deemed to beneficially own the 1,123,986 Shares owned by Toro 18.

    Percentage: Approximately 8.7%

    (b)1. Sole power to vote or direct vote: 0
    2. Shared power to vote or direct vote: 1,123,986
    3. Sole power to dispose or direct the disposition: 0
    4. Shared power to dispose or direct the disposition: 1,123,986

     

    (c)Mr. Martin has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of Toro 18 during the past sixty days is set forth in Schedule B and is incorporated herein by reference.
    8

    CUSIP No. 913483103

    D.Mr. Singer
    (a)As President and Chief Executive Officer of Toro 18, Mr. Singer may be deemed to beneficially own the 1,123,986 Shares owned by Toro 18.

    Percentage: Approximately 8.7%

    (b)1. Sole power to vote or direct vote: 0
    2. Shared power to vote or direct vote: 1,123,986
    3. Sole power to dispose or direct the disposition: 0
    4. Shared power to dispose or direct the disposition: 1,123,986

     

    (c)Mr. Singer has not entered into any transactions in the Shares during the past sixty days. The transactions in the Shares on behalf of Toro 18 during the past sixty days are set forth in Schedule B and are incorporated herein by reference.

    The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

    (d)No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.
    (e)Not applicable.
    Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

    On July 3, 2023, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

    Item 7.Material to be Filed as Exhibits.
    99.1Joint Filing Agreement by and among Toro 18 Holdings LLC, Immersion Corporation, William Martin and Eric Singer, dated July 3, 2023.

     

    9

    CUSIP No. 913483103

    SIGNATURES

    After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

    Dated: July 3, 2023

      TORO 18 HOLDINGS LLC
       
      By:

    /s/ Eric Singer

        Name: Eric Singer
        Title: President and CEO

     

     

      IMMERSION CORPORATION
       
      By:

    /s/ Eric Singer

        Name: Eric Singer
        Title: President, CEO and Chairman

     

     

     

    /s/ William C. Martin

      WILLIAM C. MARTIN

     

     

     

    /s/ Eric Singer

      ERIC SINGER

     

    10

    CUSIP No. 913483103

     

    SCHEDULE A

    Directors and Officers of Immersion Corporation

    Name and Position Principal Occupation Principal Business Address Citizenship
    Eric Singer
    President, Chief Executive Officer and Chairman of the Board of Directors1
         
    William C. Martin
    Chief Strategy Officer and Director1
         
    J. Michael Dodson
    Chief Financial Officer
    Chief Financial Officer of Immersion Corporation c/o Immersion Corporation
    2999 N.E. 191st Street, Suite 610, Aventura, Florida 33180
    United States of America
    Emily Hoffman
    Director
    Director of Marketing, Nestle Health Science c/o Immersion Corporation
    2999 N.E. 191st Street, Suite 610, Aventura, Florida 33180
    United States of America
    Elias Nader
    Director
    Chief Financial Officer and Senior Vice President of Finance of QuickLogic Corporation c/o Immersion Corporation
    2999 N.E. 191st Street, Suite 610, Aventura, Florida 33180
    United States of America
    Frederick Wasch
    Director
    Managing Partner, Chief Financial Officer, Chief Operating Officer, and Chief Compliance Officer of Raging Capital Management, LLC Ten Princeton Avenue, P.O. Box 228, Rocky Hill, New Jersey 08553 United States of America

     


    1 Mr. Singer and Mr. Martin are Reporting Persons and, as such, the information with respect to each of them called for by the Schedule 13D is set forth therein.

     

    CUSIP No. 913483103

    SCHEDULE B

    Transactions in Securities of the Issuer During the Past Sixty Days

    Nature of the Transaction

    Amount of Securities

    Purchased/(Sold)

    Price ($)

    Date of

    Purchase/Sale

     

    TORO 18 HOLDINGS LLC

     

    Purchase of Common Stock 108,000 10.0379 4/20/2023
    Purchase of Common Stock 57,648 10.0898 4/21/2023
    Purchase of Common Stock 19,122 10.1412 4/24/2023
    Purchase of Common Stock 9,957 10.0582 4/25/2023
    Purchase of Common Stock 1,100 10.1 4/26/2023
    Purchase of Common Stock 21,581 10.0864 4/27/2023
    Purchase of Common Stock 100 9.985 4/28/2023
    Purchase of Common Stock 5,738 9.6977 5/2/2023
    Purchase of Common Stock 1,300 8.7146 5/5/2023
    Purchase of Common Stock 37,800 8.8208 5/8/2023
    Purchase of Common Stock 4,043 8.3472 5/9/2023
    Purchase of Common Stock 5,234 8.1075 5/12/2023
    Purchase of Common Stock 23,402 8.3971 5/16/2023
    Purchase of Common Stock 6,178 7.8424 6/20/2023
    Purchase of Common Stock 34,208 8.4101 6/21/2023
    Purchase of Common Stock 57,300 8.2345 6/22/2023
    Purchase of Common Stock 342,600 9.0796 6/23/2023
    Purchase of Common Stock 11,400 9.2725 6/26/2023
    Purchase of Common Stock 19,400 9.6402 6/27/2023
    Purchase of Common Stock 22,900 9.5224 6/28/2023

     

     

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    • Universal Electronics Reports Financial Results for the First Quarter 2025

      Universal Electronics Inc. (UEI) (NASDAQ:UEIC) reported financial results for the three months ended March 31, 2025. Universal Electronics' Chief Financial Officer Bryan Hackworth stated, "During the first quarter of 2025, we performed well with sales growth in our connected home channel more than offsetting the sales decline in our home entertainment channel, and we expect similar results for the second quarter. Our strategic R&D efforts over the past few years in new growth areas, coupled with a strengthened balance sheet, improved working capital metrics and a more efficient cost structure, provides options from a capital allocation perspective. We currently have approximately 778,000 s

      5/8/25 4:05:00 PM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Universal Electronics Inc. to Host First Quarter 2025 Financial Results Conference Call on May 8th

      Universal Electronics Inc. (UEI) (NASDAQ:UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, will host a conference call at 4:30 p.m. ET on Thursday, May 8, 2025, to discuss its first quarter 2025 financial results. Management will provide a financial and business update as well as answer questions. To access the call in the U.S. please dial (877) 545-0523 and for international calls dial (973) 528-0016 approximately 10 minutes prior to the start of the conference. The participant access code is 181440. The conference call will also be broadcast live at www.uei.com where it will be available for replay for 90 days. About Universa

      4/24/25 7:00:00 AM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Universal Electronics Reports Fourth Quarter and Year-End 2024 Financial Results

      Universal Electronics Inc. (UEI), (NASDAQ:UEIC) reported financial results for the three and twelve months ended December 31, 2024. "UEI closed 2024 with strong performance, with sales above and earnings at the top end of our guidance range," stated UEI Chairman and CEO Paul Arling. "Customer acquisition initiatives and long-lead design wins are coming to fruition. Our perseverance and commitment to the connected home channel is providing meaningful contribution and drove revenue growth of 13% for the fourth quarter of 2024. Combined with our ongoing cost initiatives, bottom line results improved significantly compared to the prior year quarter." "CES 2025 was a major success. We showcase

      2/20/25 4:05:00 PM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples

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    • Universal Electronics Reports Financial Results for the First Quarter 2025

      Universal Electronics Inc. (UEI) (NASDAQ:UEIC) reported financial results for the three months ended March 31, 2025. Universal Electronics' Chief Financial Officer Bryan Hackworth stated, "During the first quarter of 2025, we performed well with sales growth in our connected home channel more than offsetting the sales decline in our home entertainment channel, and we expect similar results for the second quarter. Our strategic R&D efforts over the past few years in new growth areas, coupled with a strengthened balance sheet, improved working capital metrics and a more efficient cost structure, provides options from a capital allocation perspective. We currently have approximately 778,000 s

      5/8/25 4:05:00 PM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Universal Electronics Inc. to Host First Quarter 2025 Financial Results Conference Call on May 8th

      Universal Electronics Inc. (UEI) (NASDAQ:UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, will host a conference call at 4:30 p.m. ET on Thursday, May 8, 2025, to discuss its first quarter 2025 financial results. Management will provide a financial and business update as well as answer questions. To access the call in the U.S. please dial (877) 545-0523 and for international calls dial (973) 528-0016 approximately 10 minutes prior to the start of the conference. The participant access code is 181440. The conference call will also be broadcast live at www.uei.com where it will be available for replay for 90 days. About Universa

      4/24/25 7:00:00 AM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Universal Electronics Inc. Announces CEO Paul Arling to Retire

      Confirms Prior Guidance Universal Electronics Inc. (UEI) (NASDAQ:UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, announced that Paul Arling will retire as Chief Executive Officer on April 30, 2025. Arling will serve as a consultant until June 30, 2025 and will remain on the board through his term, which will end at the 2025 Annual Meeting of Shareholders. The company is conducting an extensive executive search and actively interviewing both internal and external candidates. Lead Independent Director of the Board of Universal Electronics Bill Mulligan stated, "We thank Paul for his leadership, innovation and passion for nearly

      3/21/25 7:00:00 AM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Univ Elec upgraded by B. Riley Securities with a new price target

      B. Riley Securities upgraded Univ Elec from Neutral to Buy and set a new price target of $14.00 from $11.00 previously

      11/11/24 7:49:42 AM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Univ Elec upgraded by Rosenblatt with a new price target

      Rosenblatt upgraded Univ Elec from Neutral to Buy and set a new price target of $15.00

      11/8/24 8:27:37 AM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Univ Elec upgraded by Sidoti with a new price target

      Sidoti upgraded Univ Elec from Neutral to Buy and set a new price target of $16.00

      3/15/23 9:04:47 AM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Director Singer Eric bought $20,677 worth of shares (3,000 units at $6.89), increasing direct ownership by 8% to 39,403 units (SEC Form 4)

      4 - UNIVERSAL ELECTRONICS INC (0000101984) (Issuer)

      5/19/25 6:45:30 PM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Director Singer Eric bought $42,491 worth of shares (6,000 units at $7.08), increasing direct ownership by 20% to 36,403 units (SEC Form 4)

      4 - UNIVERSAL ELECTRONICS INC (0000101984) (Issuer)

      5/19/25 3:43:55 PM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Director Singer Eric bought $161,609 worth of shares (24,000 units at $6.73), increasing direct ownership by 375% to 30,403 units (SEC Form 4)

      4 - UNIVERSAL ELECTRONICS INC (0000101984) (Issuer)

      5/13/25 6:26:01 PM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • Amendment: SEC Form SC 13G/A filed by Universal Electronics Inc.

      SC 13G/A - UNIVERSAL ELECTRONICS INC (0000101984) (Subject)

      10/28/24 12:15:21 PM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • SEC Form SC 13G filed by Universal Electronics Inc.

      SC 13G - UNIVERSAL ELECTRONICS INC (0000101984) (Subject)

      6/28/24 3:22:01 PM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples
    • SEC Form SC 13G filed by Universal Electronics Inc.

      SC 13G - UNIVERSAL ELECTRONICS INC (0000101984) (Subject)

      6/3/24 12:13:28 PM ET
      $UEIC
      Consumer Electronics/Appliances
      Consumer Staples