Dec 21, 2023 activistcompany

Universal Electronics (UEIC) and Kent Lake Partners reaches agreement

Key Summary: On May 2, 2025, Kent Lake Partners and the company signed a Cooperation Agreement under which Michael D. Burger will join the Board as a Class II director. On December 21, 2023, the company and Toro 18 Holdings LLC (11.9%) entered a cooperation agreement. According to the agreement, the company will appoint Mr. Singer as a director until the 2024 Annual Meeting

Market Cap: $70 million| Universal Electronics Inc. designs, develops, manufactures, and sells pre-programmed and universal control products, audio-video (AV) accessories, and intelligent wireless security and smart home products for video services, consumer electronics, security, home automation, climate control, and home appliance markets.

On December 21, 2023, the company and Toro 18 Holdings LLC (11.9%) entered a cooperation agreement. According to the agreement, the company will appoint Mr. Singer as a director until the 2024 Annual Meeting. Mr. Singer will also be included in the company's director nominee slate for the 2024 Annual Meeting.

On May 2, 2025, Kent Lake Partners and the company signed a Cooperation Agreement under which Michael D. Burger will join the Board as a Class II director through the 2026 Annual Meeting and serve on the Operations Committee.

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