SANTA ANA, Calif.--(BUSINESS WIRE)--Aug. 30, 2013--
Universal Electronics Inc. (UEI), (NASDAQ: UEIC) announced Bryan M.
Hackworth, chief financial 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 nonpublic
Under the plan, Hackworth intends to exercise up to 40,150 employee
stock options and to commence selling the underlying shares of UEI
common stock beginning September 9, 2013 and continuing from time to
time until the earlier of February 14, 2014 or until all options have
been exercised, 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.
Bryan M. Hackworth, 714-918-9500