0001261654-23-000111.txt : 20231212 0001261654-23-000111.hdr.sgml : 20231212 20231212180244 ACCESSION NUMBER: 0001261654-23-000111 CONFORMED SUBMISSION TYPE: 3/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231204 FILED AS OF DATE: 20231212 DATE AS OF CHANGE: 20231212 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Prehn Kevin CENTRAL INDEX KEY: 0002002125 FILING VALUES: FORM TYPE: 3/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-31923 FILM NUMBER: 231482359 MAIL ADDRESS: STREET 1: 4225 E. WINDROSE DRIVE STREET 2: SUITE 200 CITY: PHOENIX STATE: AZ ZIP: 85032 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL TECHNICAL INSTITUTE INC CENTRAL INDEX KEY: 0001261654 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 860226984 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 4225 EAST WINDROSE DRIVE STREET 2: SUITE 200 CITY: PHOENIX STATE: AZ ZIP: 85032 BUSINESS PHONE: 623-445-9500 MAIL ADDRESS: STREET 1: 4225 EAST WINDROSE DRIVE STREET 2: SUITE 200 CITY: PHOENIX STATE: AZ ZIP: 85032 3/A 1 wk-form3a_1702422152.xml FORM 3/A X0206 3/A 2023-12-04 2023-12-04 0 0001261654 UNIVERSAL TECHNICAL INSTITUTE INC UTI 0002002125 Prehn Kevin 4225 EAST WINDROSE DRIVE, SUITE 200 PHOENIX AZ 85032 0 1 0 0 Concorde Division President Performance Units Common Stock, $0.0001 par value 3482 D Restricted Stock Units Common Stock, $0.0001 par value 3482 D Each performance unit represents a contingent right to receive one share of the UTI Common Stock, 60% of which vest based on revenue for the fiscal year ending September 30, 2025 and 40% of which vest based on adjusted EBITDA for the fiscal year ending September 30, 2025, the sum of which will be adjusted by a compound annual total shareholder return ("TSR") modifier (which modifier may result in the adjustment of the performance units by up to 25% either upward or downward). For purposes of determining the TSR, the change in the price of the UTI Common Stock is based upon the 30-trading day average closing stock price (i) immediately preceding and through grant date, and (ii) immediately preceding and through the 3rd anniversary of grant date (ending price). The amount represents the maximum number of shares that may be delivered pursuant to the award, which is 187.5% of the target number of shares. Each restricted stock unit represents a contingent right to receive one share of UTI Common Stock. The restricted stock units vest in three equal annual installments beginning on December 8, 2023. /s/ Christopher Kevane, attorney-in-fact for Kevin Prehn 2023-12-11