UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
AMENDMENT NO. 1 TO
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | September 5, 2013 | |
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))
EXPLANATORY NOTE: This Amendment No. 1 to Current Report on Form 8-K/A (the “Amendment”) amends and restates in its entirety the Current Report on Form 8-K filed by Universal Technical Institute, Inc. (the “Company”) on September 11, 2013 (the “Initial Filing”). Subsequent to the Initial Filing, the Company determined that the numbers of restricted stock units granted as reported in the Initial Filing were incorrect due to an administrative error in the calculation of such awards. This Amendment is being filed to correct the numbers of restricted stock units awarded to the named executive officers. Except as described in this Explanatory Note, the Amendment does not revise the disclosures in the Initial Filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 5, 2013, the independent members of the Board of Directors of Universal Technical Institute, Inc. (the "Company") awarded restricted stock units to certain employees of the Company, including the chief executive officer and certain of the other named executive officers, under the Company's 2003 Incentive Compensation Plan, as amended (the "Plan"). The restricted stock units awarded will be paid promptly after vesting in the form of shares of the Company's common stock, and the awards will vest in four equal annual installments, on each anniversary of the grant date. Awards are subject to transfer restrictions and recipients will not have voting, dividend or other stockholder rights until stock is issued upon vesting. Vesting of each tranche of awards is subject to continued employment with or service to the Company or a subsidiary through the applicable vesting date, except that the awards vest upon death, disability and terminations of employment or service without cause or for good reason within one year after a change in control (as defined in the Plan and award agreements) and except as determined pursuant to the Plan. The following table sets forth the number of restricted stock units awarded to the Company's named executive officers:
Name | Number of Restricted Stock Units Granted | |
Kimberly J. McWaters | 83,334 | |
Eugene S. Putnam, Jr. | 50,000 | |
Kenneth J. Cranston | 16,667 | |
Chad A. Freed | 16,667 | |
The form of the Company's restricted stock unit agreement on which these awards were made was approved on the same date and is filed herewith as Exhibit 10.1. The summary of terms herein is qualified in its entirety by reference to such agreement and to the Plan, which has previously been filed by the Company.
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. | ||||
October 10, 2013 | By: | /s/ Chad A. Freed | ||
Name: Chad A. Freed | ||||
Title: General Counsel, Senior Vice President of Business Development | ||||
Exhibit Index
Exhibit No. | Description | ||
10.1 | Form of Restricted Stock Unit Agreement. (Filed as, and incorporated by reference to, Exhibit 10.1 to the Initial Filing.) | ||