SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 28, 2021
VOXX INTERNATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
2351 J Lawson Blvd., Orlando, FL
(Address of principal executive offices)
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each Class:
Name of Each Exchange on which Registered
Class A Common Stock $.01 par value
The Nasdaq Stock Market LLC
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:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13c-4(c))
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 June 28, 2021, VOXX International Corporation (“VOXX” or the “Company”) issued a press release announcing its wholly owned subsidiary, Premium Audio Company, LLC (“Premium”), and Sharp Corporation (“Sharp”) had entered into a joint venture agreement to acquire the audio/video business of Onkyo Home Entertainment Corporation (“Onkyo”). This joint venture agreement follows the previously announced Asset Purchase Agreement signed by Premium and Sharp on June 3, 2021. The transaction was previously approved by Onkyo’s board of directors and by its shareholders at its Ordinary General Meeting of Shareholders held on June 25, 2021. The transaction is subject to customary and regulatory closing conditions and is expected to close on or before August 30, 2021. In addition, VOXX entered into a new licensing agreement with Pioneer pursuant to which Premium will market and sell the Pioneer and Pioneer Elite Brands worldwide, excluding the People’s Republic of China. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information furnished under Item 8.01, including Exhibit 99.1, 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.
Item 9.01 Financial Statements and Exhibits.
Press Release, dated June 28, 2021, relating to VOXX International Corporation's wholly owned subsidiary’s signing of a Joint Venture Agreement with Sharp to acquire certain assets of the audio/video business of Onkyo (filed herewith).
Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VOXX INTERNATIONAL CORPORATION (Registrant)
Date: June 30, 2021
/s/ Charles M. Stoehr
Charles M. Stoehr
Senior Vice President and
Chief Financial Officer