SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): May 31, 2007

UNIVERSAL ELECTRONICS INC.

Delaware (State or other jurisdiction of incorporation or organization)		0-21044 (Commission File No.)		33-0204817 (I.R.S. Employer Identification No.)

6101 Gateway Drive
Cypress, California 90630
(Address of principal executive offices, with Zip Code)

(714) 820-1000
(Registrant’s telephone number, including area code):

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

 

TABLE OF CONTENTS

Item 1.01 Entry into a Material Definitive Agreement			1
Item 9.01 Financial Statements and Exhibits			1
SIGNATURES			1
INDEX TO EXHIBITS			2
EXHIBIT 99.1

Item 1.01 Entry into a Material Definitive Agreement

On May 31, 2007, Universal Electronics Inc. (the “Company”) entered into a Settlement and Patent License Agreement with Remote Technologies, Inc.. (“RTI”) resolving litigation between the Company and RTI that was first filed in June 2006 pertaining to certain patents owned by the Company.

The Settlement and Patent License Agreement entitles the Company to receive a lump sum payment for past royalties and ongoing per unit royalty fees to be paid on certain products sold by RTI, in exchange for which RTI receives a grant of license from the Company under the patents involved in the litigation. The Settlement and Patent License Agreement which continues to 2013 contains other terms and conditions that are customary for agreements of this nature, including a confidentiality clause that precludes specific disclosures other than the existence and subject matter of the agreement.

Also, on June 1, 2007, the Company issued a press release announcing the settlement of the Patent Infringement Lawsuit filed by the Company against RTI. A copy of the press release is included as Exhibit 99.1 to this report.

Pursuant to General Instruction B.2 of Form 8-K, the information contained in Exhibit 99.1 will be deemed furnished, and not “filed,” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits. The following exhibit is furnished with this report.

99.1

Joint Press Release of Universal Electronics Inc. and Remote Technologies, Inc. dated June 1, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

INDEX TO EXHIBITS

Exhibit Number		Description
99.1		Joint Press Release of Universal Electronics Inc. and Remote Technologies, Inc. dated June 1, 2007

Exhibit 99.1

Universal Electronics Inc. and Remote Technologies Inc. Settle
Patent Infringement Lawsuit

CYPRESS, CA. June 1, 2007 — Universal Electronics Inc. (UEI) (NASDAQ: UEIC) and Remote Technologies Inc. (“RTI”) today announced the resolution of patent litigation pending in the U.S. District Court for the Central District of California. While the specific terms of the settlement are confidential and cannot be disclosed, the settlement involves UEI’s grant of a license under certain of its remote control patents to RTI.

At issue were six UEI patents covering various remote control technologies. The settlement entitles UEI to a lump sum payment as well as ongoing per unit royalty fees to be paid on certain products sold by RTI. The agreement will continue through to 2013.

The settlement resolves litigation that began in June of 2006.

About Universal Electronics

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. UEI also delivers complete home control solutions in the professional custom installation market under the brand name Nevo^®, as well as software solutions for digital media control and enjoyment in the consumer and OEM markets under the brand SimpleCenter™.

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Certain matters discussed in this press release may be forward-looking statements that involve a number of risks and uncertainties, including the amount of business that may be generated by RTI resulting from the business relationship discussed herein. The companies undertake no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.