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UEIC > SEC Filings for UEIC > Form 8-K on 24-Feb-2009All Recent SEC Filings

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Form 8-K for UNIVERSAL ELECTRONICS INC


24-Feb-2009

Completion of Acquisition or Disposition of Assets


Item 2.01 Completion of Acquisition or Disposition of Assets
On February 18, 2009, Universal Electronics Inc. (the "Company"), through certain of its wholly-owned subsidiaries, acquired the universal remote control software technology and related assets (the "Universal Remote Control Software Assets") of Zilog, Inc., a Delaware corporation ("Zilog"), pursuant to an Asset Purchase Agreement (the "Purchase Agreement"), dated February 18, 2009, by and among Maxim Integrated Products, Inc., a Delaware corporation ("Maxim"), the Company, UEI Cayman Inc., a company organized under the Laws of the Cayman Islands, UEI Electronics Private Limited, a company organized under the Laws of the India, Zilog and ZiLOG India Electronics Pvt Ltd, a company organized under the laws of India. The Universal Remote Control Software Assets include Zilog's library and database of infrared codes and software tools. In related transactions, Maxim acquired certain assets related to the hardware portion of Zilog's wireless control business and to Zilog's secured transaction product line.
The Company acquired Zilog's Universal Remote Control Software Assets in an all-cash transaction for a purchase price of $9.5 million plus certain expenses, fees and taxes.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. Pursuant to General Instruction B.2 of Form 8-K, the information contained in Exhibit 99.1 will be deemed furnished, and not "filed," for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in any such filing.
99.1 Press Release dated February 19, 2009, entitled "Universal Electronics Acquires Zilog's Universal Remote Control Software Technology and Related Assets".

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