8-K
UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 6, 2025
UNIVERSAL TECHNICAL INSTITUTE, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 1-31923 | 86-0226984 |
|---|---|---|
| (State or other jurisdiction<br> <br>of incorporation) | (Commission<br> <br>File Number) | (IRS Employer<br> <br>Identification No.) |
| 4225 E. Windrose Drive, Suite 200, Phoenix, Arizona | 85032 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
(623) 445-9500
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K 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 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Common Stock, par value $0.0001 per share | UTI | New York Stock Exchange |
|---|---|---|
| (Title of each class) | (Trading<br> <br>symbol) | (Name of each exchange on<br> <br>which registered) |
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 5.07 | Submission of Matters to a Vote of Security Holders. |
|---|
Universal Technical Institute, Inc (the “Company”) held its Annual Meeting of Stockholders (the “Annual Meeting”) on March 6, 2025. At the Annual Meeting, the Company’s stockholders voted on three proposals. The proposals are described in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on January 15, 2025. The voting results for each of the proposals are set forth below.
Proposal 1: The stockholders elected each of the four nominees as Class III Directors to serve a three-year term ending in 2028, or until the Director’s successor is duly elected and qualified, as follows:
| Director | Votes For | Votes Against | Abstentions | Broker Non-Votes |
|---|---|---|---|---|
| Loretta L. Sanchez | 41,527,739 | 1,366,164 | 11,820 | 2,321,868 |
| Christopher S. Shackelton | 41,486,610 | 1,397,040 | 22,073 | 2,321,868 |
| Michael A. Slubowski | 41,412,720 | 1,466,088 | 26,915 | 2,321,868 |
| Kenneth R. Trammell | 41,189,518 | 1,704,633 | 11,572 | 2,321,868 |
Proposal 2: The stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the Company for the year ending September 30, 2025 as follows:
| Audit Firm | Votes For | Votes Against | Abstentions |
|---|---|---|---|
| Deloitte & Touche LLP | 44,877,455 | 264,183 | 85,953 |
Proposal 3: The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as follows:
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
|---|---|---|---|
| 41,838,139 | 880,804 | 186,780 | 2,321,868 |
No other proposals were submitted to a vote of the Company’s stockholders at the Annual Meeting.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: March 11, 2025 | Universal Technical Institute, Inc. | |
|---|---|---|
| By: | /s/ Christopher Kevane | |
| Name: | Christopher Kevane | |
| Title: | Executive Vice President and Chief Legal Officer |
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