Universal Technical Institute 8-K 2012
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Universal Technical Institute, Inc.
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)
Item 8.01 Other Events.
Today, Universal Technical Institute, Inc. (the "Company") issued a press release announcing that the United States Department of Justice has notified the Company that it is the subject of a preliminary investigation (the "DOJ Preliminary Investigation") concerning Federal False Claims Act (31 U.S.C. § 3729 et seq.) claims. The Company understands that a former employee alleged UTI’s compensation of its enrollment counselors violated the "incentive compensation ban" of Title IV of the Higher Education Act, amongst other potential violations allegedly occurring over a number of years. The Company intends to fully cooperate with the DOJ Preliminary Investigation. There are no requests for production of documents to date. Pursuant to applicable law and the United States’ request, UTI cannot make further disclosures concerning this matter.
Item 9.01 Financial Statements and Exhibits.
Section 9 – Financial Statements and Exhibits
Forward Looking Statements
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.