Annual Reports

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  • 8-K (Feb 8, 2018)
  • 8-K (Nov 30, 2017)
  • 8-K (Sep 18, 2017)
  • 8-K (Aug 3, 2017)
  • 8-K (Jul 21, 2017)
  • 8-K (May 4, 2017)


Universal Technical Institute 8-K 2012

Documents found in this filing:

  1. 8-K
  2. Ex-10.1
  3. Ex-10.1
Universal Technical Institute, Inc. (Form: 8-K)  






Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):   February 22, 2012

Universal Technical Institute, Inc.
(Exact name of registrant as specified in its charter)

Delaware 1-31923 86-0226984
(State or other jurisdiction
(I.R.S. Employer
of incorporation) File Number) Identification No.)
16220 North Scottsdale Road, Suite 100, Scottsdale, Arizona   85254
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code:   623-445-9500

Not Applicable
Former name or former address, if changed since last report


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:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5. 02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) As described in Item 5.07 of this Current Report on Form 8-K, on February 22, 2012, at the Universal Technical Institute, Inc. 2012 Annual Meeting of Stockholders, the stockholders of Universal Technical Institute, Inc. (the “Company”) approved amendments to the Company’s 2003 Incentive Compensation Plan (the “2003 Plan”). The amendments to the 2003 Plan had been approved by the Company’s Board of Directors on January 6, 2012, subject to receipt of stockholder approval.

The following description of certain terms as well as the amendments to the 2003 Plan is qualified in all respects by the terms of the 2003 Incentive Compensation Plan, as amended, which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated herein by reference.

Eligibility: Awards may be granted under the 2003 Plan only to individuals who are directors, officers, other employees of, or consultants or advisors to the Company and its subsidiaries.

Types of Awards: The following types of awards may be made under the 2003 Plan, subject to limitations set forth in the 2003 Plan:

• Stock Options;

• Stock Appreciation Rights;

• Performance Awards;

• Stock Awards; and

• Stock Unit Awards.

The 2003 Plan was amended as follows:

• The maximum number of shares of the Company’s common stock issuable under the 2003 Plan was increased to 5,280,972;

• The limitations on repricing of options and stock appreciation rights was clarified to prohibit the purchase by the Company of options and stock appreciation rights for cash unless approved by stockholders;

• The limitations on transfers of options and stock appreciation rights was expanded to prohibit transfers of options and stock appreciation rights to third parties for any consideration unless approved by stockholders; and

• The Company is permitted to recapture the shares used to satisfy withholding taxes paid on behalf of the participant upon vesting of the award for future use.

A description of the material terms of the 2003 Plan is set forth in Proposal 3, under the heading “Amendment of the 2003 Incentive Compensation Plan,” in the Company’s definitive proxy statement on Schedule 14A for the 2012 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on January 10, 2012.

Item 5.07 Submission of Matters to a Vote of Security Holders.

The Company held its Annual Meeting of Stockholders on February 22, 2012.

The stockholders elected each of the three nominees as Class II Directors to serve a three-year term ending in 2015, or until the Director’s successor is duly elected and qualified:

Director   Affirmative Votes   Votes Against   Votes Withheld   Broker Non-Votes
Roger S. Penske
    17,658,320       3,466,048       103       1,507,895  
Linda J. Srere
    20,842,640       281,728       103       1,507,895  
John C. White
    20,826,676       297,654       141       1,507,895  

The stockholders ratified the appointment of PricewaterhouseCoopers, LLP as the independent registered public accounting firm for the Company for the year ending September 30, 2012:

Affirmative Votes   Votes Against   Abstain   Broker Non-Votes
    178,007       13       0  

The stockholders approved the amendments to the 2003 Incentive Compensation Plan:

Affirmative Votes   Votes Against   Abstain   Broker Non-Votes
    8,562,810       3,031       1,507,895  

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The exhibit to this Current Report is listed in the Exhibit Index set forth elsewhere herein.


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 hereunto duly authorized.

    Universal Technical Institute, Inc.
February 23, 2012   By:   /s/ Chad A Freed
        Name: Chad A Freed
        Title: General Counsel, Senior Vice President of Business Development

Exhibit Index

Exhibit No.   Description

  Universal Technical Institute, Inc. 2003 Incentive Compensation Plan, as amended
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