-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Hh95eRj5Oml6wVY/LXTeTz1+DoixTxOtkVdJ/+30IxIhcy/uRFjn9nqJtGLNyDDA 9oxc40mPY8IRgWbJ3smoMA== 0001047469-98-006375.txt : 19980218 0001047469-98-006375.hdr.sgml : 19980218 ACCESSION NUMBER: 0001047469-98-006375 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NONE GROUP MEMBERS: HORIZON OFFSHORE, LTD. GROUP MEMBERS: LIBERTY NOMINEES LIMITED GROUP MEMBERS: M PARTNERS L.P. GROUP MEMBERS: MISSION PARTNERS, L.P. GROUP MEMBERS: NIXON GEOFFREY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL ELECTRONICS INC CENTRAL INDEX KEY: 0000101984 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 330204817 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-43065 FILM NUMBER: 98541084 BUSINESS ADDRESS: STREET 1: 1864 ENTERPRISE PKWY W CITY: TWINSBURG STATE: OH ZIP: 44087 BUSINESS PHONE: 2164871110 MAIL ADDRESS: STREET 1: 1864 ENTERPRISE PKWY W CITY: TWINSBURG STATE: OH ZIP: 44087 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NIXON GEOFFREY CENTRAL INDEX KEY: 0001055857 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 11 WEST 42ND STREET STREET 2: 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2127820207 MAIL ADDRESS: STREET 1: 11 WEST 42ND STREET STREET 2: 19TH FL CITY: NEW YORK STATE: NY ZIP: 10036 SC 13D 1 SCH 13D CUSIP NO. 913483 10 3 Page 1 of 14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. __) UNIVERSAL ELECTRONICS INC. - ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.01 par value per share - ------------------------------------------------------------------------------- (Title of Class of Securities) 913483 10 3 -------------------- (CUSIP Number) Geoffrey Nixon Copy to: Robert G. Leonard MCM Associates Ltd. Spitzer & Feldman P.C. 11 West 42nd Street 405 Park Avenue New York, NY 10037 New York, NY 10022-4405 (212) 782-0207 (212) 888-6680 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 6, 1998 - ------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box. / / SCHEDULE 13D CUSIP NO. 913483 10 3 Page 2 of 14 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Geoffrey Nixon (SS# ###-##-####) - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/x/ (b)/ / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) PF - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Zealand - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY 13,000 ----------------------------------------------------------- OWNED BY EACH 9 SOLE DISPOSITIVE POWER REPORTING ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON WITH 13,000 - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,000 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% (based on 6,311,538 shares outstanding at 11/12/97) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - ------------------------------------------------------------------------------- CUSIP NO. 913483 10 3 Page 3 of 14 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Mission Partners, L.P. (EIN# 33-0569956) - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/x/ (b)/ / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 267,750 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY ----------------------------------------------------------- OWNED BY EACH 9 SOLE DISPOSITIVE POWER 267,750 REPORTING ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON WITH - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 267,750 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.2% (based on 6,311,538 shares outstanding at 11/12/97) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - ------------------------------------------------------------------------------- SCHEDULE 13D CUSIP NO. 913483 10 3 Page 4 of 14 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Liberty Nominees Limited (EIN# N/A) - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/x/ (b)/ / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Zealand - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 37,950 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY ----------------------------------------------------------- OWNED BY EACH 9 SOLE DISPOSITIVE POWER 37,950 REPORTING ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON WITH - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 37,950 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.6% (based on 6,311,538 shares outstanding at 11/12/97) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - ------------------------------------------------------------------------------- SCHEDULE 13D CUSIP NO. 913483 10 3 Page 5 of 14 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Horizon Offshore, Ltd. (EIN# N/A) - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/x/ (b)/ / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 33,300 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY ----------------------------------------------------------- OWNED BY EACH 9 SOLE DISPOSITIVE POWER 33,300 REPORTING ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON WITH - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 33,300 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.5% (based on 6,311,538 shares outstanding at 11/12/97) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - ------------------------------------------------------------------------------- SCHEDULE 13D CUSIP NO. 913483 10 3 Page 6 of 14 - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS M Partners L.P. (EIN# 13-3783468) - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)/x/ (b)/ / - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - ------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York - ------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER 25,100 SHARES ----------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY ----------------------------------------------------------- OWNED BY EACH 9 SOLE DISPOSITIVE POWER 25,100 REPORTING ----------------------------------------------------------- 10 SHARED DISPOSITIVE POWER PERSON WITH - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 25,100 - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) / / - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% (based on 6,311,538 shares outstanding at 11/12/97) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) PN - ------------------------------------------------------------------------------- SCHEDULE 13D CUSIP NO. 913483 10 3 Page 7 of 14 Item 1. Security and Issuer This statement on Schedule 13D (the "Statement") relates to the Common Stock, $.01 par value per share (the "UE Common Stock") of Universal Electronics Inc., a Delaware corporation ("UE"). The principal executive offices of UE are located at 1864 Enterprise Parkway West, Twinsburg, Ohio 44087. Item 2. Identity and Background Items 2(a), (b), (c) and (f). This Statement is filed by Geoffrey Nixon ("Nixon"), Mission Partners, L.P. ("Mission"), Liberty Nominees Limited ("Liberty"), Horizon Offshore, Ltd. ("Horizon") and M Partners L.P. ("M Partners") (collectively the "Group"; each member of the Group being hereinafter referred to as "Member"). Nixon's principal business address is 11 West 42nd Street, 19th Floor, New York, NY 10036. Nixon's principal occupation is serving as President of MCM Associates, Ltd., a Delaware corporation ("MCM"). The principal business address of MCM is 11 West 42nd Street, 19th Floor, New York, NY 10036. MCM is engaged in the business of managing investment funds for private pooled investment vehicles and managing designated accounts for certain other parties. MCM is wholly-owned by Nixon and Nixon is its sole director. Nixon is a citizen of the Country of New Zealand. Mission is a private Delaware investment limited partnership that is engaged in the business of making diversified investments. The principal business address of Mission is 11 West 42nd Street, 19th Floor, New York, NY 10036. The sole general partner of Mission is MCM. Liberty is a private New Zealand company that is engaged in making diversified investments. Its principal business address is at P.O. Box 10-246, Wellington, New Zealand. Liberty has established an account over which MCM has sole investment discretion. It is the account over which MCM has sole investment discretion that has purchased the shares of UE Common Stock. Horizon is a private Cayman Islands investment corporation that is engaged in the business of making diversified investments. Horizon's principal business address is at c/o International Management Services, Limited, Harbour Centre, North Church Street, P.O. Box 616, George Town, Grand Cayman, Cayman Islands, B.W.I. MCM is the sole investment manager of Horizon and MCM has full voting and dispositive power with respect to all of the securities owned by Horizon. M Partners is a New York limited partnership engaged in the business of making diversified investments. M Partners principal business address is at 42 Pleasant Street, Watertown, MA 02172. M Partners has established an account over which it has given sole investment discretion to MCM. It is the account over which MCM has sole investment discretion that has purchased shares of UE Common Stock. SCHEDULE 13D CUSIP NO. 913483 10 3 Page 8 of 14 Item 2(d). During the last five years, neither Nixon, MCM, Mission nor Horizon nor, to the best of Nixon's knowledge, Liberty or M Partners, have been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). Item 2(e). During the last five years, neither Nixon, MCM, Mission nor Horizon nor, to the best of Nixon's knowledge, Liberty or M Partners, have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration All shares currently owned by the Group were acquired by the members through personal funds, in the case of Nixon, and working capital, in the case of Mission, Liberty, Horizon and M Partners. Nixon has used $130,165.00 in the aggregate to acquire the 13,000 shares of UE Common Stock. Mission has used $2,292,833.15 in the aggregate to acquire the 267,750 shares of UE Common Stock. Liberty has used $321,061.00 in the aggregate to acquire the 37,950 shares of UE Common Stock. Horizon has used $307,252.90 in the aggregate to acquire the 33,300 shares of UE Common Stock. M Partners has used $221,476.55 in the aggregate to acquire the 25,100 shares of UE Common Stock. Item 4. Purpose of Transaction The purpose of the acquisition of the securities is for investment purposes. Other than as discussed above in this Statement, neither the Group nor any of its Members currently have any plans or proposals which relate to or would result in: (a) the acquisition by any person of additional securities of UE, or the disposition of securities of UE; (b) any extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving UE or any of its subsidiaries; (c) a sale or transfer of a material amount of the assets of UE or any of its subsidiaries; SCHEDULE 13D CUSIP NO. 913483 10 3 Page 9 of 14 (d) any change in the present Board of Directors or management of UE, including any change in the number or term of directors or the filling of any existing vacancies on the Board of Directors; (e) any material change in the present capitalization or dividend policy of UE; (f) any other material change in UE's business or corporate structure; (g) any change in UE's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of UE by any person; (h) the delisting of any class of securities of UE from a national securities exchange or any such class ceasing to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) any class of equity securities of UE becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); or (j) any action similar to any of those enumerated above. The Group intends to evaluate continuously their investment in UE and, based on such evaluation, may determine at a future date to change their respective current positions as to any action enumerated above. Item 5. Interest in Securities of the Issuer (a) Nixon owns 13,000 shares of UE Common Stock, representing 0.2% of UE's issued and outstanding shares (based on 6,311,538 shares outstanding at November 12, 1997). Mission owns 267,750 shares of UE Common Stock, representing 4.2% of UE's issued and outstanding shares (based on 6,311,538 shares outstanding at November 12, 1997). Liberty owns 37,950 shares of UE Common Stock, representing 0.6% of UE's issued and outstanding shares (based on 6,311,538 shares outstanding at November 12, 1997). Horizon owns 33,300 shares of UE Common Stock, representing 0.5% of UE's issued and outstanding shares (based on 6,311,538 shares outstanding at November 12, 1997). M Partners owns 25,100 shares of UE Common Stock, representing 0.4% of UE's issued and outstanding shares (based on 6,311,538 shares outstanding at November 12, 1997). SCHEDULE 13D CUSIP NO. 913483 10 3 Page 10 of 14 (b) Each Member is the sole beneficial owner of the securities identified in subsection (a) above, except that Nixon owns the 13,000 shares of UE Common Stock jointly with his wife. MCM, as the sole general partner of Mission, has sole voting and dispositive power over the UE Common Stock owned by Mission. MCM, as the sole investment manager of an account established by Liberty, has sole voting and dispositive power over the shares of UE Common Stock owned by Liberty. MCM as the sole investment manager of Horizon, has sole voting and dispositive power over the shares of UE Common Stock owned by Horizon. MCM, as the sole investment manager of an account established by M Partners, has sole voting and dispositive power over the UE Common Stock owned by M Partners. (c) Set forth below is a schedule listing the Members of the Group, date of transaction, amount of UE Common Stock involved and price per share during the last sixty (60) days. All transactions were effected in open market purchases on the NASDAQ, National Market:
Number of Shares Price Per Share Date of UE Common Stock of UE Common Stock ---- ------------------ ------------------ Nixon(1) 12/30/97 3,000 $9.96 Mission(2) 12/23/97 3,000 $9.44 12/26/97 3,700 $9.45 12/30/97 3,000 $9.56 01/05/98 2,500 $10.06 01/06/98 1,500 $10.03 02/06/98 5,800 $10.05 02/09/98 4,000 $10.03 02/09/98 17,600 $10.13 02/10/98 7,900 $10.13 02/11/98 5,000 $10.06 02/12/98 3,500 $10.06
- ------------------ (1) Prior to December 30, 1997, Nixon owned 10,000 shares of UE Common Stock. (2) Prior to December 23, 1997, Mission owned 210,250 shares of UE Common Stock. SCHEDULE 13D CUSIP NO. 913483 10 3 Page 11 of 14
Liberty(3) 01/06/98 1,500 $10.03 02/06/98 800 $10.05 02/09/98 3,100 $10.13 02/10/98 800 $10.13 Horizon(4) 12/23/97 500 $9.44 01/02/98 1,500 $10.07 02/06/98 5,000 $10.05 02/09/98 2,800 $10.13 02/10/98 800 $10.13 M Partners(5) 01/02/98 800 $10.07 01/06/98 2,000 $10.04 02/06/98 400 $10.08 02/09/98 1,500 $10.13 02/10/98 500 $10.13 02/12/98 4,000 $10.06
(d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer None. See Item 2 above. Item 7. Materials to be Filed as Exhibits Joint Filing Agreement. - -------------- (3) Prior to January 6, 1998, Liberty owned 31,750 shares of UE Common Stock. (4) Prior to December 23, 1997, Horizon owned 22,700 shares of UE Common Stock. (5) Prior to January 2, 1998, M Partner owned 15,900 shares of UE Common Stock. SCHEDULE 13D CUSIP NO. 913483 10 3 Page 12 of 14 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct. Dated: February 13, 1998 /s/ Geoffrey Nixon --------------------------------------------- GEOFFREY NIXON MISSION PARTNERS, L.P. By: MCM Associates, Ltd., General Partner By: /s/ Geoffrey Nixon ----------------------------------------- Name: Geoffrey Nixon Title: President LIBERTY NOMINEES LIMITED By: MCM Associates, Ltd., Investment Manager By: /s/ Geoffrey Nixon ---------------------------------------- Name: Geoffrey Nixon Title: President HORIZON OFFSHORE, LTD. By: /s/ Geoffrey Nixon ---------------------------------------- Name: Geoffrey Nixon Title: Director M PARTNERS, L.P. By: MCM Associates, Ltd., Investment Manager By: /s/ Geoffrey Nixon ---------------------------------------- Name: Geoffrey Nixon Title: President SCHEDULE 13D CUSIP NO. 913483 10 3 Page 13 of 14 JOINT FILING AGREEMENT JOINT FILING AGREEMENT made as of this 13th day of February, 1998, by and among GEOFFREY NIXON, MISSION PARTNERS, L.P., LIBERTY NOMINEES LIMITED, HORIZON OFFSHORE, LTD. and M PARTNERS, L.P. W I T N E S S E T H : WHEREAS, GEOFFREY NIXON, MISSION PARTNERS, L.P., LIBERTY NOMINEES LIMITED, HORIZON OFFSHORE, LTD. and M PARTNERS, L.P. collectively beneficially own more than five (5.0%) percent of the issued and outstanding common stock, $.01 par value, of UNIVERSAL ELECTRONICS, INC. ("UE Common Stock"), a Delaware corporation; and WHEREAS, pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, the parties hereto are required to file a Schedule 13D with the Securities and Exchange Commission ("SEC"). NOW, THEREFORE, the parties agree as follows: 1. GEOFFREY NIXON, MISSION PARTNERS, L.P., LIBERTY NOMINEES LIMITED, HORIZON OFFSHORE, LTD. and M PARTNERS, L.P. hereby agree to jointly file a Schedule 13D with the SEC regarding the beneficial ownership of UE Common Stock and to file any and all amendments and supplements thereto. 2. This Agreement contains the entire agreement among the parties concerning the subject matter hereof and may not be amended, modified or changed except pursuant to a written instrument signed by all parties. SCHEDULE 13D CUSIP NO. 913483 10 3 Page 14 of 14 IN WITNESS WHEREOF, the parties have signed this Agreement the day and year first above written. /s/ Geoffrey Nixon -------------------------------------------- GEOFFREY NIXON MISSION PARTNERS, L.P. By: MCM Associates, Ltd., General Partner By: /s/ Geoffrey Nixon ---------------------------------------- Name: Geoffrey Nixon Title: President LIBERTY NOMINEES LIMITED By: MCM Associates, Ltd., Investment Manager By: /s/ Geoffrey Nixon ---------------------------------------- Name: Geoffrey Nixon Title: President HORIZON OFFSHORE, LTD. By: /s/ Geoffrey Nixon ---------------------------------------- Name: Geoffrey Nixon Title: Director M PARTNERS, L.P. By: MCM Associates, Ltd., Investment Manager By: /s/ Geoffrey Nixon ---------------------------------------- Name: Geoffrey Nixon Title: President -----END PRIVACY-ENHANCED MESSAGE-----