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.

Universal Electronics Inc.'s subsidiary, Gemstar Technology (Yangzhou) Co. Ltd., entered into a Line of Credit Agreement and a Working Capital Loan Contract with Bank of China Limited, Baoying Sub-Branch on July 15, 2026. The agreements, which continue the line of credit granted in August 2024, maintain a new borrowing capacity of 130,000,000 RMB for general business purposes through July 9, 2027. Universal Electronics Inc. operates in the consumer electronics industry and provides remote control technology solutions.

Sue Ann R. Hamilton resigned from the Board of Directors and its committees effective June 30, 2026. The resignation was not due to any disputes or disagreements with management or the Board. Universal Electronics Inc. operates in the consumer electronics industry and provides connectivity solutions for home automation and smart home technology.

Universal Electronics Inc. received approximately $7.6 million from a third-party financial institution in exchange for the sale of its claims and causes of action related to unlawfully paid Customs and Border Protection tariffs. The transaction involves the claim sale and purchase agreement to convey all rights to tariff-related proceeds and interest. Universal Electronics Inc. operates in the consumer electronics industry and provides components for smart home and smart TV technology.