Corporate GovernanceMay 21, 2026, 04:18 PM
Universal Electronics Stockholders Approve Board Declassification
AI Summary
Universal Electronics Inc. held its annual meeting on May 19, 2026, where stockholders approved several key proposals. The most significant approval was the amendment to declassify the Board of Directors, meaning all directors will be elected annually starting with the 2027 annual meeting. Additionally, five Class II directors were elected, and an amendment to the 2018 Equity and Incentive Compensation Plan was approved, increasing available shares by 375,000. Stockholders also provided non-binding advisory approval for executive compensation and ratified Grant Thornton LLP as the independent auditor for 2026.
Key Highlights
- Stockholders approved the declassification of the Board of Directors with 7,719,323 votes For.
- Five Class II directors were elected to serve until the 2028 annual meeting.
- Amendment to the 2018 Equity and Incentive Compensation Plan approved, increasing shares by 375,000.
- Non-binding advisory approval of named executive officer compensation received 5,572,215 votes For.
- Grant Thornton LLP ratified as independent auditor for 2026 with 9,647,501 votes For.
Price Impact
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