Energy News / Shareholders Foundation, Inc.

NASDAQ:UEIC Shareholder Notice: Investigation over Potential Wrongdoing at Universal Electronics Inc

Via: ReleaseWire

Updated 10:17 AM CST, Thu, November 16,2017

An investigation on behalf of investors in Universal Electronics Inc (NASDAQ:UEIC) shares over potential wrongdoing at Universal Electronics Inc was announced.

San Diego, CA -- (SBWIRE) -- 11/16/2017 -- An investigation was announced for investors in shares of Universal Electronics Inc (NASDAQ:UEIC) concerning possible breaches of fiduciary duties by certain officers and directors at Universal Electronics Inc.

Investors who purchased shares of Universal Electronics Inc (NASDAQ:UEIC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain Universal Electronics directors breached their fiduciary duties.

Santa Ana, CA based Universal Electronics Inc. develops control and sensor technology solutions and manufactures a line of pre-programmed and universal remote control products, audio-video accessories, and intelligent wireless security and automation components. Universal Electronics Inc reported that its annual Total Revenue rose from $602.83 million in 2015 to $651.37 million in 2016 and that its Net Income declined from $29.17 million in 2015 to $20.35 million in 2016.

Shares of Universal Electronics Inc (NASDAQ:UEIC) closed on November 15, 2017, at $51.90 per share.

Those who purchased shares of Universal Electronics Inc (NASDAQ:UEIC), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqueic-shareholder-notice-investigation-over-potential-wrongdoing-at-universal-electronics-inc-893399.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com