Shareholder Rights Archives - aftermarketNews
Universal Technical Institute Announces Termination Of Shareholder Rights Agreement

“In accelerating the termination of the rights agreement, the board considered a number of factors, including an assessment of the current environment, proxy advisory guidelines and feedback from shareholders,” said Kim McWaters, chairman and CEO. “The board believes that terminating the rights agreement now rather than waiting until June, when it is due to expire, is in the best interest of the company and its shareholders.”