UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): November 1, 2007
AUDIOVOX CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
0-28839 13-1964841
(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))
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Item 1.01Entry into a Material Definitive Agreement.
On November 1, 2007, Audiovox Corporation ("Audiovox") announced that its
wholly-owned subsidiary Audiovox Accessories Corporation ("AAC") had entered
into a definitive agreement (the "Agreement") to acquire Technuity, Inc., an
emerging leader in the battery and power products industry. Technuity is the
exclusive licensee of the Energizer brand in North America, marketing
Energizer-branded products for rechargeable batteries and battery packs.. The
purchase price is $16.5 million, plus the repayment of $4 million of debt and an
earn-out if certain sales and gross profit margins are met. Audiovox announced
that the acquisition was expected to close, and in fact, did close on November
1, 2007.
Item 9.01(d). Exhibits
Exhibit Number Description
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99.1 Press Release dated November 1, 2007 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: November , 2007 By: /s/ Charles M. Stoehr
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Charles M. Stoehr
Senior Vice President and
Chief Financial Officer
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