Attached files
| file | filename |
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| EX-99.1 - EX-99.1 - UNIVERSAL TECHNICAL INSTITUTE INC | exhibit1.htm |
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): | June 30, 2011 |
Universal Technical Institute, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Delaware | 1-31923 | 86-0226984 |
|
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 16220 North Scottsdale Road, Suite 100, Scottsdale, Arizona | 85254 | |
|
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 623-445-9500 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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 240.13e-4(c))
Item 8.01 Other Events.
On June 30, 2011, Universal Technical Institute, Inc. ("the Company") issued a press release reporting the completion on June 30, 2011, of a reduction in force of approximately 195 employees nationwide. The headcount of the Company following these reductions is approximately 2,270 employees. Severance and outplacement charges relating to the reduction in force of approximately $4.3 million will be included in the results of the third quarter ending June 30, 2011. The reduction in the workforce is expected to provide an expense savings in compensation and related benefits in fiscal 2012 of approximately $12.4 million.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by this reference.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
The exhibit to this Current Report is listed in the Exhibit Index set forth elsewhere herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Universal Technical Institute, Inc. | ||||
| July 1, 2011 | By: |
/s/ Chad A. Freed
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| Name: Chad A. Freed | ||||
| Title: General Counsel, Senior Vice President of Business Development | ||||
Exhibit Index
| Exhibit No. | Description | |
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99.1
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Press Release of Universal Technical Institute, Inc., dated June 30, 2011. |