On March 13, 2026, Universal Electronics Inc. (the "Company") disclosed in its Form 8-K filing that Ramzi Ammari, the Senior Vice President of Corporate Planning and Strategy, has decided to retire effective May 29, 2026. This announcement comes as part of the Company's ongoing leadership transitions. In connection with his retirement, the Company has entered into a letter agreement with Mr. Ammari, which stipulates that if his employment is terminated without cause prior to the retirement date, he will receive a severance payment equivalent to his current base salary from the date of termination through May 29, 2026. This arrangement is contingent upon Mr. Ammari executing and not revoking the Company's standard form of separation agreement and release. The Company has not indicated any immediate plans to fill the position or how this change might impact its strategic direction. The retirement of a senior executive can often lead to shifts in company strategy or operations, but the Company has not provided further details on potential successors or changes in leadership structure. As such, this filing is considered neutral in its impact on the stock price, reflecting standard administrative updates rather than significant corporate developments.

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