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UTI > SEC Filings for UTI > Form 8-K on 11-Mar-2014All Recent SEC Filings

Show all filings for UNIVERSAL TECHNICAL INSTITUTE INC

Form 8-K for UNIVERSAL TECHNICAL INSTITUTE INC


11-Mar-2014

Change in Directors or Principal Officers, Financial Statements


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 7, 2014, Universal Technical Institute, Inc. (the "Company") entered into amendments (collectively, the "Amendments") to the Company's separate employment agreements with each of Kimberly J. McWaters, Eugene S. Putnam, Jr. and Kenneth J. Cranston (collectively, the "Existing Agreements"). The Amendments extend the term of the Existing Agreements until April 7, 2014. All other terms of the Existing Agreements remain unchanged by the Amendments. The Company is working with Ms. McWaters and Messrs. Putnam and Cranston on new employment agreements, and the parties agreed to extend the term of the Existing Agreements in order to complete that process.

The foregoing description is qualified in its entirety by reference to the complete text of the Amendments, copies of which are filed herewith as Exhibits 10.1, 10.2 and 10.3. The Existing Agreements and amounts payable under them are summarized in the "Executive Compensation" section of the Company's definitive proxy statement dated January 6, 2014 under the headings "Employment Agreements" and "Potential Payments upon Termination or Change-in-Control Table."

All statements contained in this Current Report on Form 8-K, other than statements of historical fact, are "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements include the Company's expectations or beliefs concerning future events, are based upon management's current expectations, and are subject to a number of uncertainties that could cause actual events to differ materially from the forward-looking statements, including ongoing discussions regarding new agreements. The Company cannot guarantee that any forward-looking statement will be realized or new agreements reached. The forward-looking statements speak only as of the date of this report. Except as required by law, the Company expressly disclaims any obligation to publicly update any forward-looking statements whether as a result of new information, future events, changes in expectations, any changes in events, conditions or circumstances, or otherwise.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits The exhibits to this Current Report are listed in the Exhibit Index set forth elsewhere herein.

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