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): June 11, 2004
AUDIOVOX CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-28839 13-1964841
(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification
Number)
150 Marcus Boulevard, Hauppauge, New York 11788
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (631) 231-7750
NONE
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On June 14, 2004 Audiovox Corporation (the "Company") announced that its
majority owned subsidiary, Audiovox Communications Corp. ("ACC") had entered
into a definitive agreement to sell selected assets and liabilities to
UTStarcom, Inc. (the "Asset Purchase Agreement"). Annexed to the Asset Purchase
Agreement as Exhibits were forms of, among other documents, an Escrow Agreement,
a Transition Services Agreement and a Trademark License Agreement, all of which
are attached as an exhibit to this report (the "Agreements"). At the closing of
the Asset Purchase Agreement, Seller and Purchaser shall enter into the
Agreements substantially in the form attached hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
Exhibit 99.1Form of Escrow Agreement
Exhibit 99.2Form of Transition Services Agreement
Exhibit 99.3Form of Trademark License Agreement
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AUDIOVOX CORPORATION
Dated: August 10, 2004 By: /s/ Charles M. Stoehr
---------------------------------
Charles M. Stoehr
Senior Vice President and
Chief Financial Officer