form8k-073108.htm
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): July 28, 2008
AUDIOVOX
CORPORATION
(Exact
name of registrant as specified in its charter)
|
Delaware
|
|
0-28839
|
|
(State
or other jurisdiction of incorporation)
|
|
(Commission
File Number
|
|
13-1964841
|
|
(I.R.S.
Employer Identification No.)
|
|
180 Marcus Blvd., Hauppauge, New
York
|
|
11788
|
|
(Address
of principal executive officers)
|
|
(Zip
Code)
|
Registrant's
telephone number, including area code (631) 231-7750
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))
Item
8.01 Other
Events.
On July 28, 2008, C. David Geise,
Senior Vice President, entered into a written selling program in accordance with
the guidelines specified by the SEC’s Rule 10b-5, under the Securities and
Exchange Act of 1934 (the “10b-5 Plan”). Pursuant to the 10b-5 plan,
Mr. Geise intends to exercise 12,500 Audiovox options, 4,166 of which expire
8/31/10, 4,167 of which expire 11/30/10 and the balance of 4,167 which expire on
February 28, 2011. The 10b-5 Plan, which contemplates the exercise
and sale of the options commencing on October 16, 2008, sets an initial strike
price of $21.00 per share. The strike price decreases in increments
until the last month the option is exercisable when the strike price is $11.15
per share. The 10b-5 Plan was entered into in order to facilitate the
orderly sale of common stock for diversification and tax planning purposes prior
to expiration.
The information furnished under this
Item 8.01 shall not be deemed to be filed for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, and will not be incorporated by
reference in any registration statement filed under the Securities Act of 1933,
as amended, unless specifically identified therein as being incorporated therein
by reference.
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 CORPORATON
(Registrant)
Date:
July 31,
2008 ___________________________________
Charles M. Stoehr
Senior Vice President and
Chief Financial Officer