VOXX INTERNATIONAL CORPORATION
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(Name of Issuer)
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Class A Common Stock, $.01 par value per share
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91829F-10-4 |
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(Title of class of securities)
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(CUSIP number)
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John J. Shalam
c/o VOXX International Corporation
2351 J Lawson Blvd
Orlando, FL 32824
(800) 645-7750
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(Name, address and telephone number of person authorized to receive notices and communications)
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November 4, 2020
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(Date of event which requires filing of this statement)
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1
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NAMES OF REPORTING PERSONS
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John J. Shalam
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)
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☐
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(b)
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☐
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
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OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
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☐
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6
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States of America
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7
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SOLE VOTING POWER
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4,076,865 (1) (see Item 5)
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8
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SHARED VOTING POWER
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-0- (see Item 5)
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9
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SOLE DISPOSITIVE POWER
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4,076,865 (1) (see Item 5)
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10
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SHARED DISPOSITIVE POWER
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-0- (see Item 5)
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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4,076,865 (1) (see Item 5)
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☒
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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18.8% (2) (see Item 5)
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14
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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Item 1. |
Security and Issuer.
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Item 2. |
Identity and Background.
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a) |
John J. Shalam (the “Reporting Person” or “Mr. Shalam”)
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b) |
c/o VOXX INTERNATIONAL CORPORATION
2351 J Lawson Boulevard
Orlando, Florida 32824
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c) |
Chairman of the Board of the Company
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d) |
During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
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e) |
During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which, he was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
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f) |
United States of America
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Item 3. |
Source and Amount of Funds or Other Consideration.
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Item 4. |
Purpose of Transaction.
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a) |
Not Applicable.
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b) |
Not Applicable.
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c) |
Not Applicable.
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d) |
Not Applicable.
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e) |
Not Applicable.
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f) |
Not Applicable.
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g) |
Not Applicable.
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h) |
Not Applicable.
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i) |
Not Applicable.
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j) |
Not Applicable.
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Item 5. |
Interest in Securities of the Issuer.
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a) |
The responses of the Reporting Person to Rows (7) through (13) of the cover page of this Amendment No. 02, as of October 15, 2020, are incorporated herein by reference. As of October 15, 2020, the Reporting Person was the beneficial
owner of 4,076,865 shares of Class A Common Stock, which represents 18.9% of the shares of the Class A Common Stock outstanding. The foregoing represents (i) 17,340 shares of Class A Common Stock held by John J. Shalam, (ii) 1,915,373
shares of Class A Common Stock held by ShalvoxxA, and (iii) 2,144,152 shares of Class A Common Stock issuable upon conversion of 2,144,152 shares of Class B Common Stock held by ShalvoxxB. Mr. Shalam has sole voting and dispositive power
of the shares of the Issuer held by ShalvoxxA and ShalvoxxB. Excluded from the foregoing are 70,657 vested and 52,385 unvested restricted stock units granted by the Issuer to Mr. Shalam, which settle in shares of Class A Common Stock or in
cash at the Company’s sole discretion. Also excludes an aggregate of 2,202 shares of Class A Common Stock and 116,802 shares of Class B Common Stock owned by Mr. Shalam’s children and as to which Mr. Shalam disclaims beneficial ownership.
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b) |
Item 5a of this Amendment No. 02 is incorporated herein by reference.
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c) |
During the past 60 days the Reporting Person has not effected any transactions in the Class A Common Stock, except as disclosed in Item 4 of this Amendment No. 02 (which is incorporated herein by reference).
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d) |
ShalvoxxA and ShalvoxxB and their respective members may receive dividends from, or the proceeds from the sale of, the shares of Class A Common Stock or Class B Common Stock held by ShalvoxxA and ShalvoxxB, respectively.
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e) |
Not Applicable.
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Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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Item 7. |
Material to be Filed as Exhibits.
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Dated: November 4, 2020
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Voxx International Corporation
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By:
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/s/ John J. Shalam
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Chairman of the Board of the Company
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