0001140361-17-032481.txt : 20170816
0001140361-17-032481.hdr.sgml : 20170816
20170816172252
ACCESSION NUMBER: 0001140361-17-032481
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170720
FILED AS OF DATE: 20170816
DATE AS OF CHANGE: 20170816
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Jacobs Paul
CENTRAL INDEX KEY: 0001522011
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09532
FILM NUMBER: 171037062
MAIL ADDRESS:
STREET 1: 180 MARCUS BOULEVARD
STREET 2: C/O AUDIOVOX CORPORATION
CITY: HAUPPAUGE
STATE: X1
ZIP: 11788
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
4
1
doc1.xml
FORM 4
X0306
4
2017-07-20
0
0000807707
VOXX International Corp
VOXX
0001522011
Jacobs Paul
C/O KLIPSCH GROUP INC.
3502 WOODVIEW TRACE, SUITE 220
INDIANAPOLIS
IN
46268
0
1
0
0
President and CEO for KGI
SERP Restricted Stock Units
2017-07-20
4
A
0
11670
0
A
Class A Common
11670
11670
D
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 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 Fair Market Value defined as the mean between the highest and lowest quoted selling price of a share of the Issuer's Class A Common Stock on July 20, 2017.
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 date of grant 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 compensation by the Fair Market Value of a share of the Issuer's Class A Common Stock on each applicable award date.
/s/ Paul Jacobs
2017-08-16