UEI - Universal Electronics Inc.
09/18/2025 | Press release | Distributed by Public on 09/18/2025 10:43
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Elections of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 12, 2025, the board of directors (the "Board") of Universal Electronics Inc. (the "Company") unanimously appointed Sui Man Ho (a.k.a. Raymond Ho) as Interim Chief Financial Officer, principal financial officer and principal accounting officer of the Company, effective immediately.
Raymond Ho, age 53, has served as the Company's Senior Vice President, Finance since May 2025. Mr. Ho joined the Company in April 2011 as Chief Financial Officer - Asia; in May 2018, he was promoted to Senior Vice President, Chief Financial Officer - Asia, and in September 2022, he was promoted to Senior Vice President, Finance - Global Operations. Prior to joining the Company, from June 2008 until March 2011, Mr. Ho was the Chief Financial Officer at Yau Lee Holdings Limited (HKEX: 406), a construction company listed on the Hong Kong Stock Exchange. Prior to that, Mr. Ho held various roles at American Standard Companies, a conglomerate manufacturing heating, ventilation and air conditioning systems, plumbing fixtures and automotive parts, including as Regional Senior Audit Manager from November 2002 until December 2004, as Regional Audit Director from January 2005 until December 2005, and as Regional Financial Controller at Trane (NYSE: TT) from January 2006 until May 2008. Before joining American Standard Companies, Mr. Ho was a Staff Accountant at Arthur Andersen & Co., an accounting firm, from September 1994 until June 2002, and a Senior Manager at PricewaterhouseCoopers, an accounting firm, from July 2002 until November 2002. Mr. Ho is a Certified Public Accountant in Hong Kong, a fellow member of the Chartered Association of Certified Accountants, and an associate member of the Chartered Institute of Management Accountants. Mr. Ho holds a Bachelor of Business Administration, with a major in Accountancy and minor in Computer Science, and a Master of Business Administration from the Chinese University of Hong Kong under the Executive Master of Business Administration programme.
There is no arrangement or understanding between Mr. Ho and any other person pursuant to which he was selected as an officer of the Company. Additionally, there are no family relationships between Mr. Ho and any of the Company's directors or executive officers, and Mr. Ho has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
In connection with his appointment, Mr. Ho's base salary will be increased to $341,250 (which is a 5% increase) and his target bonus amount will be $25,000, which is subject to achievement of performance objectives.
In connection with his appointment, the Company expects to enter into its form of indemnification agreement with Mr. Ho.
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