Leadership & Pay ·
Universal Electronics Inc. reported second quarter 2026 GAAP net sales of $73.2 million and a net income of $1.6…
UEICUniversal Electronics Inc
Universal Electronics Inc. reported second quarter 2026 GAAP net sales of $73.2 million and a net income of $1.6 million, or $0.12 per diluted share. The company declared a one-time special cash dividend of $0.24 per share, payable on October 15, 2026 to stockholders of record as of August 24, 2026. Management announced significant leadership changes: Richard K. Carnifax resigned as Interim CEO and COO, while Wade M. Jenke was appointed CEO and President, Sui Man Ho became CFO, and Joseph Haughawout was named COO. Additionally, the company filed a patent infringement lawsuit against Amazon in the Central District of California regarding remote control and smart home connectivity technologies. Universal Electronics Inc. operates in the consumer electronics industry, designing wireless universal control solutions for the connected home.