Universal Electronics Inc.'s SEC filings document the formal disclosures of an operating company in universal wireless control products for home entertainment, smart home and related home-technology markets. Form 8-K reports furnish quarterly and year-end results, material definitive agreements, credit-agreement amendments, share repurchase authorizations, and changes in senior financial or corporate officers.
Proxy materials cover shareholder-voting matters and governance disclosures tied to the board and executive compensation. The filing record also identifies capital-structure matters such as the common-stock repurchase program and the Second Amended and Restated Credit Agreement, including amendments to borrowing limits, covenant terms and restricted-payment capacity.
Universal Electronics Inc. reports a Schedule 13G/A filing showing beneficial ownership by Leviticus Partners as reported by Adam M. Hutt. The filing states 4.9% ownership, representing 629,995 shares of Common Stock. The filing is labeled "Ownership of 5 Percent or Less of a Class."
The filing lists sole voting and dispositive power over 629,995 shares and is signed by Adam M Hutt as Managing Member on 05/14/2026. No transaction or change-in-control language is included.
Universal Electronics Inc. reported Q1 2026 net sales of $79.0 million, down from $92.3 million a year earlier, as demand softened in both connected home and home entertainment channels. Gross margin fell to 26.1% from 28.3%, pressured by less favorable sales mix and higher tariffs, partly offset by procurement savings.
The company posted a net loss of $7.3 million, or $0.58 per share, compared with a $6.3 million loss, as higher tax expense offset lower operating costs. Operating cash flow was a modest outflow of $0.8 million, with inventories reduced by $9.8 million. Cash stood at $29.8 million and total borrowings on credit lines were $23.2 million, leaving substantial undrawn capacity.
The U.S. credit agreement was amended to double the limit on restricted payments, and the board expanded the Share Repurchase Program by up to 1,000,000 additional shares. In litigation, Roku’s asserted patents were fully invalidated and its related district court case was voluntarily dismissed. The company also filed a complaint in the Court of International Trade seeking refunds of certain tariff duties but has not recorded any benefit from potential refunds.
Universal Electronics Inc. reported weaker sales but meaningful cost reductions in the first quarter of 2026. GAAP net sales were $79.0 million, down from $92.3 million a year earlier, with connected home revenue of $28.3 million and home entertainment revenue of $50.7 million.
GAAP gross margin slipped to 26.1% from 28.3%. The company posted a GAAP operating loss of $3.9 million and a GAAP net loss of $7.3 million, or $0.58 per share, compared to a $6.3 million loss, or $0.48 per share, in 2025. On an adjusted non-GAAP basis, net loss improved slightly to $1.3 million, or $0.10 per diluted share, from $1.5 million, or $0.12 per diluted share.
Management highlighted a $5.3 million year-over-year reduction in operating expenses and about $9.8 million of inventory reduction, with cash and cash equivalents at $29.8 million at March 31, 2026. For full-year 2026, the company reaffirmed guidance for a revenue decline and expects adjusted non-GAAP diluted EPS between $0.45 and $0.65, versus $0.31 in 2025.
Universal Electronics executive Ramzi Ammari, Sr. VP Corporate Planning & Strategy, reported routine equity compensation activity in company stock. On May 7, 2026, he exercised 2,000 restricted stock units (RSUs), receiving the same number of common shares at a stated price of $0.00 per share.
On May 8, 2026, Ammari sold 619 common shares at $4.26 per share. A footnote states these shares were sold solely to cover applicable taxes and fees from RSU vesting under a sell-to-cover transaction, and do not represent a discretionary sale. After these transactions, he directly holds 39,029.43 common shares and an aggregate of 6,000 RSUs.
UNIVERSAL ELECTRONICS INC COO and Interim CEO Richard K. Carnifax reported routine equity transactions tied to restricted stock vesting. On May 7, 2026, he exercised 1,166 Restricted Stock Units, receiving the same number of common shares at a stated price of $0.00 per share. On May 8, 2026, he sold 362 common shares at a weighted average price of $4.2582 per share solely to cover applicable taxes and fees in a sell-to-cover transaction that was not a discretionary sale. After these transactions, he directly owned 16,793 common shares and an aggregate of 3,498 RSUs, from an original grant of 14,000 RSUs made on February 7, 2024 that vests over three years.
Universal Electronics Inc. Schedule 13G reports that Adam M. Hutt, as Managing Member of Leviticus Partners, beneficially owned 655,000 shares of Common Stock, representing 5.1% of the class as of the filing. The filing lists sole voting and dispositive power over 655,000 shares.
The form identifies the issuer's principal executive office in Scottsdale, Arizona, and provides the filer’s address in Great Neck, New York. The signature date on the filing is 05/04/2026.
Universal Electronics Inc. is asking stockholders to vote at its May 19, 2026 annual meeting on five proposals, including board elections, a governance change and an equity plan update. Holders of 12,614,606 common shares as of March 27, 2026 are entitled to one vote per share.
Stockholders will elect five Class II directors, vote on declassifying the board so all directors stand for annual election starting in 2027, and consider an amended and restated 2018 Equity and Incentive Compensation Plan that adds 375,000 shares and updates terms. They will also cast an advisory say‑on‑pay vote and decide whether to ratify Grant Thornton LLP as auditor for 2026.
Universal Electronics Inc. is soliciting proxies for its 2026 Annual Meeting to be held at its Scottsdale, Arizona office. The meeting asks shareholders to elect five Class II directors, approve an amendment to declassify the Board, adopt an amended 2018 equity plan that adds $0 375,000 shares for issuance, approve executive compensation on a non-binding basis, and ratify Grant Thornton LLP as auditor.
The proxy discloses equity plan metrics as of March 17, 2026: 734,030 options outstanding, 465,051 unvested RSUs, 744,082 unvested PSUs, and 137,964 shares available for grant. The filing reports a current overhang of 2,081,127 shares (16.5%) and states the additional 375,000 shares have an aggregate market value of $1,586,250 based on a March 17, 2026 closing price of $4.23.
Universal Electronics senior vice president of corporate planning and strategy Ramzi Ammari sold 4,915.57 shares of common stock on March 16, 2026 in an open-market transaction at an average price of $4.1552 per share.
After this sale, Ammari directly owns 37,648.43 shares of Universal Electronics common stock, indicating he retains a substantial equity position in the company despite the disposition.