0001140361-14-041913.txt : 20141114
0001140361-14-041913.hdr.sgml : 20141114
20141114113622
ACCESSION NUMBER: 0001140361-14-041913
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140724
FILED AS OF DATE: 20141114
DATE AS OF CHANGE: 20141114
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VOXX International Corp
CENTRAL INDEX KEY: 0000807707
STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
IRS NUMBER: 131964841
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0229
BUSINESS ADDRESS:
STREET 1: 180 MARCUS BLVD
CITY: HAUPPAUGE
STATE: NY
ZIP: 11788
BUSINESS PHONE: 6312317750
MAIL ADDRESS:
STREET 1: 180 MARCUS BLVD
CITY: HAUPPAUGE
STATE: NY
ZIP: 11788
FORMER COMPANY:
FORMER CONFORMED NAME: AUDIOVOX CORP
DATE OF NAME CHANGE: 19920703
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shelton Loriann
CENTRAL INDEX KEY: 0001396215
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09532
FILM NUMBER: 141221701
MAIL ADDRESS:
STREET 1: 180 MARCUS BLVD
CITY: HAUPPAUGE
STATE: NY
ZIP: 11788
4
1
doc1.xml
FORM 4
X0306
4
2014-07-24
0
0000807707
VOXX International Corp
VOXX
0001396215
Shelton Loriann
180 MARCUS BLVD
HAUPPAUGE
NY
11788
0
1
0
0
Senior Vice President and CAO
SERP Restricted Stock Units
2014-07-24
4
A
0
6360
A
Class A Common
6360
6360
D
As previously disclosed in the Issuer's Proxy Statement filed on June 10, 2014, this Form 4 is filed to report a grant of restricted stock units ("RSUs") pursuant to the Issuer's 2014 Omnibus Equity Incentive Plan (the "Plan"). The grant was made on January 30, 2014 subject to shareholder approval of the Plan, which approval was obtained on July 24, 2014 at the Annual Meeting of Shareholders. The RSUs will vest on the later of three years from the date of grant or the grantee reaching the age of 65 years. At the time of vesting, the Issuer, in its sole discretion, may pay RSUs in the form of cash, shares of the Issuer's Class A Common Stock or a combination of both. This Form 4 includes the reporting person's balance in the Issuer's Supplemental Executive Retirement Plan ("SERP") that is hypothetically invested 100% in the Issuer's Class A Common Stock on the date of grant.
The investment return on contributions in the SERP is generally equal to the earnings and losses that would occur if 100% of the contributions were invested in the Issuer's Class A Common Stock on the date of grant. Vested balances in the SERP are settled in the Issuer's sole discretion in the form of cash, shares of the Issuer's Class A Common Stock or a combination of both.
Represents the aggregate number of RSUs allocated to the reporting person under the SERP as of the date of grant based on the closing price of a share of the Issuer's Class A Common Stock on January 30, 2014.
The vested balance in the reporting person's SERP account is payable in cash, Class A Common Stock or a combination of both following a Participant's termination of service due to death, Disability, retirement no less than 3 years from the initial date of participation in the Plan or a reason approved by the Board in accordance with Article 2.2 of the Plan.
The number of RSUs allocated to the reporting person under the SERP is determined by dividing the amount of deferred eligible director compensation by the closing price of a share of the Issuer's Class A Common Stock on each applicable award date.
/s/ Loriann Shelton
2014-11-14