UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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:
Securities registered pursuant to Section 12(b) of the Act:
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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 8.01 Other Events.
On July 18, 2023, Judge Fernando L. Aenlle-Rocha of the United States District Court, Central District of California, issued an order granting Seaguard Electronics LLC’s Petition to confirm the Arbitration Award against VOXX International Corporation (the “Company”) in the amount of $39,444,745 and denied the Company’s Petition to vacate the Arbitration Award. The Company plans to file an appeal based on, among other possible grounds, that the underlying supply contract explicitly prohibited the award of punitive damages and further, that the Company was denied due process during the course of the Arbitration Hearing. The Company expects to file an appeal with the United States Court of Appeals for the Ninth Circuit.
The information furnished under Item 8.01 shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any registration statement filed under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
SIGNATURES
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.
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VOXX INTERNATIONAL CORPORATION |
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Date: |
July 19, 2023 |
By: |
/s/ Charles M. Stoehr |
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Charles M. Stoehr |
Document And Entity Information |
Jul. 18, 2023 |
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| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Jul. 18, 2023 |
| Entity Registrant Name | VOXX INTERNATIONAL CORPORATION |
| Entity Central Index Key | 0000807707 |
| Entity Emerging Growth Company | false |
| Securities Act File Number | 0-28839 |
| Entity Incorporation, State or Country Code | DE |
| Entity Tax Identification Number | 13-1964841 |
| Entity Address, Address Line One | 2351 J. Lawson Boulevard |
| Entity Address, City or Town | Orlando |
| Entity Address, State or Province | FL |
| Entity Address, Postal Zip Code | 32824 |
| City Area Code | (800) |
| Local Phone Number | 645-7750 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Class A Common Stock $.01 par value |
| Trading Symbol | VOXX |
| Security Exchange Name | NASDAQ |
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