Universal Technical Institute Inc filed SEC Form 8-K: Regulation FD Disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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OF THE SECURITIES EXCHANGE ACT OF 1934
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| Emerging growth company |
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Appointment of Chief Operating Officer
On March 31, 2025 (the “Transition Date”), Universal Technical Institute, Inc., a Delaware corporation (the “Company”), announced the transition of Todd Hitchcock to the role of Chief Operating Officer, effective immediately (the “Transition”). In the role of Chief Operating Officer, Mr. Hitchcock will also serve as the Company’s principal operating officer. Prior to the Transition, Mr. Hitchcock served as the Company’s Executive Vice President and Chief Strategy and Transformation Officer.
Information regarding Mr. Hitchcock that is responsive to Items 401(b), (d), (e) and Item 404(a) of Regulation S-K is incorporated by reference herein from the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on January 15, 2025. In connection with the Transition, Mr. Hitchcock’s base salary increased to $500,000 for fiscal 2025, and his fiscal 2025 long-term incentive compensation awards were increased to $800,000.
| Item 7.01 | Regulation FD Disclosure |
On March 31, 2025, the Company issued a press release announcing the appointment of Mr. Hitchcock as its Chief Operating Officer (the “Press Release”), which is attached here as Exhibit 99.1.
The information contained in this Item 7.01, including the related information set forth in the Press Release attached hereto as Exhibit 99.1, is being “furnished” and shall not be deemed “filed” with the Securities and Exchange Commission for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and is not incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit Number |
Description of Exhibits | |
| 99.1 | Press Release dated March 31, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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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 31, 2025 | Universal Technical Institute, Inc. | |||||
| By: | /s/ Christopher Kevane | |||||
| Name: | Christopher Kevane | |||||
| Title: | Executive Vice President and Chief Legal Officer | |||||
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