View:
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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 19, 2008
AUDIOVOX
CORPORATION
(Exact
Name of Registrant as Specified in Its Charter)
DELAWARE
(State or
Other Jurisdiction of Incorporation)
0-28839
0;
13-1964841
(Commission File Number) (IRS Employer Identification No.)
(Commission File Number) (IRS Employer Identification No.)
180
Marcus Boulevard, Hauppauge, New
York 11788
(Address of Principal Executive
Offices) (Zip
Code)
(631)
231-7750
(Registrant’s
Telephone Number, Including Area Code)
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 file 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(e))
1
Item
8.01 Other Events.
On March 19, 2008, Audiovox Corporation
(the “Company”) issued a press release announcing that its wholly owned
subsidiary, Audiovox Accessories Corporation (“AAC”) had entered into a
trademark licensing agreement with Eveready Battery Company, Inc., owner of the
Energizer Brand.
The licensing agreement gives AAC the
right to market and distribute Energizer branded rechargeable power packs and
other power related accessories throughout Mexico, Central America, the
Caribbean and South America, excluding Argentina, Bolivia, Uruguay, Paraguay and
Chile. A press release relating to the Energizer License is furnished
as Exhibit 99.1 attached hereto.
The information furnished under this
Item 8.01 shall not be deemed to be filed for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, and will not be incorporated by
reference in any registration statement filed under the Securities Act of 1933,
as amended, unless specifically identified therein as being incorporated therein
by reference.
Item
9.01(d) Exhibits.
Exhibit
No. DESCRIPTION
99.1 Press
Release dated March 19, 2008 by Audiovox Corporation
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 thereunto duly
authorized.
AUDIOVOX CORPORATION
(Registrant)
Date: March
20, 2008
/s/ Charles M.
Stoehr
Charles M.
Stoehr
Senior Vice President
and
Chief Financial
Officer
2
Audiovox
Secures License for Energizer Brand Rechargeable Power Packs and other Power
Products in Central and South America
HAUPPAUGE, NY, March 19, 2008
- -- Audiovox Corporation (NASDAQ:VOXX) announced today that its
wholly-owned subsidiary Audiovox Accessories Corporation (AAC), has entered into
a trademark licensing agreement with Eveready Battery Company, Inc., owner of
the Energizer brand.
Under the
terms of the agreement, Audiovox has acquired the licensing rights to market and
distribute Energizer-branded products throughout Mexico, Central America, the
Caribbean and South America, excluding select locations (Argentina, Bolivia,
Uruguay, Paraguay and Chile). This licensing agreement includes
rechargeable power packs and other power related accessories.
Pat
Lavelle, President and CEO of Audiovox Corporation stated, “When we acquired
Technuity in late 2007, it was our goal to integrate the powerful Energizer
brand in our core accessory businesses and use it to expand our international
distribution. Today’s announcement takes us in that direction as we
add Mexico, the Caribbean, Central and most of South America to the distribution
network for our power products. We are confident that our global
initiatives will positively impact both our top and bottom-line performance,
enhance our customer offerings globally and maximize value for our
shareholders.”
David
Geise, President of Audiovox Accessories Corporation stated, “The Energizer
brand is an integral part of our accessories group and combined with RCA,
Acoustic Research, Jensen and Terk gives us one of the strongest brand
portfolios in the accessory business. I look forward to using the
Energizer brand to build upon our market leading positions and to growing our
business with the retail leaders in the Latin American countries covered by the
agreement.”
In
November 2007, Audiovox acquired Technuity, Inc., an emerging leader in the
battery and power products industry and the licensee of the Energizer brand in
North America. In that transaction, Audiovox acquired the rights to
market Energizer-branded products for rechargeable batteries and battery packs
for camcorders, cordless phones, digital cameras and DVD players, as well as for
power supply systems, automatic voltage regulators and surge
protectors.
About
Audiovox
Audiovox
Corporation is a leading international supplier and value added service provider
in the consumer electronics accessory industry. The Company conducts its
business through subsidiaries and markets mobile and consumer electronics and
consumer electronics accessories products both domestically and internationally
under several of its own brands. It also functions as an OEM (Original Equipment
Manufacturer) supplier to a wide variety of customers, through several distinct
distribution channels. For additional information, please visit Audiovox on the
Web at http://www.audiovox.com.
Safe Harbor
Language
Except
for historical information contained herein, statements made in this release
that would constitute forward-looking statements may involve certain risks and
uncertainties. All forward-looking statements made in this release are based on
currently available information and the Company assumes no responsibility to
update any such forward-looking statements. The following factors, among others,
may cause actual results to differ materially from the results suggested in the
forward-looking statements. The factors include, but are not limited to, risks
that may result from changes in the Company's business operations; our ability
to keep pace with technological advances; significant competition in the mobile
and consumer electronics businesses; our relationships with key suppliers and
customers; quality and consumer acceptance of newly introduced products; market
volatility; non-availability of product; excess inventory; price and product
competition; new product introductions; the possibility that the review of our
prior filings by the SEC may result in changes to our financial statements; and
the possibility that stockholders or regulatory authorities may initiate
proceedings against Audiovox and/or our officers and directors as a result of
any restatements. Risk factors associated with our business, including some of
the facts set forth herein, are detailed in the Company's Form 10-K for the
fiscal year ended February 28, 2007.
Company
Contacts
Glenn
Wiener
GW
Communications for Audiovox
Tel:
212-786-6011 or Email: gwiener@GWCco.com
1