CYPRESS, Calif.--(BUSINESS WIRE)--Dec. 2, 2013--
Universal Electronics Inc. (UEI), (NASDAQ: UEIC) announced Paul
Arling, chairman and chief executive officer, has established a trading
plan in accordance with Rule 10b5-1 of the Securities Exchange Act. Rule
10b5-1 permits individuals who are not then in possession of material
nonpublic information to establish prearranged plans to buy or sell
stock. The rule allows individuals to buy or sell shares of stock at a
specific price in the future, regardless of any subsequent material
Under the plan, Arling intends to exercise up to 72,000 employee stock
options, which are set to expire in March 2019, and to immediately sell
the underlying shares of UEI common stock beginning immediately and
continuing from time to time until the expiration date of the options,
subject to the market price of our common stock. This process will
facilitate the orderly exercise of employee stock options and the sale
of common stock for personal financial planning purposes with the goal
of minimizing any market impact and avoiding any concerns about the
timing of the transactions.
About Universal Electronics Inc.
Founded in 1986, Universal Electronics Inc. (UEI) is the global leader
in wireless control technology for the connected home. UEI designs,
develops, and delivers innovative solutions that enable consumers to
control entertainment devices, digital media, and home systems. The
company's broad portfolio of patented technologies and database of
infrared control software have been adopted by many Fortune 500
companies in the consumer electronics, subscription broadcast, and
computing industries. UEI sells and licenses wireless control products
through distributors and retailers under the One For All® brand name.
More information is available at http://www.uei.com.
Source: Universal Electronics Inc.
Universal Electronics Inc.
Paul Arling, 714-918-9500
Herrick, 415-433-3777 (IR Agency)