UNIVERSAL TECHNICAL INSTITUTE INC false 0001261654 0001261654 2025-03-06 2025-03-06

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 6, 2025

 

 

UNIVERSAL TECHNICAL INSTITUTE, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-31923   86-0226984

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

4225 E. Windrose Drive, Suite 200, Phoenix, Arizona   85032
(Address of principal executive offices)   (Zip Code)

(623) 445-9500

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K 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))

Securities registered pursuant to Section 12(b) of the Act:

 

Common Stock, par value $0.0001 per share

  

UTI

  

New York Stock Exchange

(Title of each class)  

(Trading

symbol)

  

(Name of each exchange on

which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

☐

Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

Universal Technical Institute, Inc (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”) on March 6, 2025. At the Annual Meeting, the Company’s stockholders voted on three proposals. The proposals are described in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on January 15, 2025. The voting results for each of the proposals are set forth below.

Proposal 1: The stockholders elected each of the four nominees as Class III Directors to serve a three-year term ending in 2028, or until the Director’s successor is duly elected and qualified, as follows:

 

Director

    Votes For    Votes Against    Abstentions    Broker Non-Votes

Loretta L. Sanchez

    41,527,739    1,366,164    11,820    2,321,868

Christopher S. Shackelton

    41,486,610    1,397,040    22,073    2,321,868

Michael A. Slubowski

    41,412,720    1,466,088    26,915    2,321,868

Kenneth R. Trammell

    41,189,518    1,704,633    11,572    2,321,868

Proposal 2: The stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the Company for the year ending September 30, 2025 as follows:

 

Audit Firm

    Votes For    Votes Against    Abstentions

Deloitte & Touche LLP

    44,877,455    264,183    85,953

Proposal 3: The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as follows:

 

Votes For

  

Votes Against

  

Abstentions

  

Broker Non-Votes

41,838,139   880,804   186,780   2,321,868

No other proposals were submitted to a vote of the Company’s stockholders at the Annual Meeting.

 

2

SIGNATURE

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

 

Dated: March 11, 2025   Universal Technical Institute, Inc.
    By:  

/s/ Christopher Kevane

    Name:      Christopher Kevane
    Title:      Executive Vice President and Chief Legal Officer

 

3

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Document and Entity Information
Mar. 06, 2025
Cover [Abstract]  
Entity Registrant Name UNIVERSAL TECHNICAL INSTITUTE INC
Amendment Flag false
Entity Central Index Key 0001261654
Document Type 8-K
Document Period End Date Mar. 06, 2025
Entity Incorporation State Country Code DE
Entity File Number 1-31923
Entity Tax Identification Number 86-0226984
Entity Address, Address Line One 4225 E. Windrose Drive
Entity Address, Address Line Two Suite 200
Entity Address, City or Town Phoenix
Entity Address, State or Province AZ
Entity Address, Postal Zip Code 85032
City Area Code (623)
Local Phone Number 445-9500
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Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, par value $0.0001 per share
Trading Symbol UTI
Security Exchange Name NYSE
Entity Emerging Growth Company false
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