VOXX

VOXX International Corporation Announces Joint Venture Between EyeLock LLC and GalvanEyes Partners LLC

Retrieved on: 
Thursday, March 7, 2024
Senior, VOXX, Marketing, Growth, Good, Sale, Voxx International, JV, Organization, Agreement, Partnership, Management

ORLANDO, Fla., March 7, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that its majority owned subsidiary, EyeLock LLC, has entered into a joint venture agreement (the "Agreement") with GalvanEyes Partners LLC to form BioCenturion, LLC. The combination of both companies will create a stronger and more streamlined organization bringing together technology, R&D, sales, marketing, and business development under one roof, while opening new avenues for growth.

Key Points: 
  • Companies reach agreement to engage in a joint venture and form new entity – BioCenturion, LLC
    ORLANDO, Fla., March 7, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that its majority owned subsidiary, EyeLock LLC, has entered into a joint venture agreement (the "Agreement") with GalvanEyes Partners LLC to form BioCenturion, LLC.
  • Under the Agreement, both companies will be contributing selected assets and liabilities to the joint venture.
  • EyeLock will retain the liability of the approximate $70 million Note due to VOXX, which is not part of this transaction.
  • Commenting on the joint venture and executive changes, Pat Lavelle, Chief Executive Officer of VOXX International stated, "With respect to the joint venture, I believe this is a win-win situation for the Company.

Avalon Park Group Holding AG and Avalon Park International LLC Enter into Stock Purchase Agreement with Gentex Corporation

Retrieved on: 
Tuesday, October 10, 2023
Avalon, Automotive industry, Security (finance), Common stock, Securities and Exchange Commission (Nigeria), Voxx International, GNTX, VWAP, Biometrics, Asset purchase agreement, Form 4, APG, Sellers, Cryptocurrency, Management, VOXX, Gentex

ORLANDO, Fla., Oct. 10, 2023 /PRNewswire/ -- Avalon Park Group ("APG"), a diversified family of companies across multiple industries and geographies, is pleased to announce today that it has entered into Stock Purchase Agreement with Gentex Corporation (NASDAQ: GNTX) to sell 50% of its total ownership stake in VOXX International Corporation (NASDAQ: VOXX).

Key Points: 
  • ORLANDO, Fla., Oct. 10, 2023 /PRNewswire/ -- Avalon Park Group ("APG"), a diversified family of companies across multiple industries and geographies, is pleased to announce today that it has entered into Stock Purchase Agreement with Gentex Corporation (NASDAQ: GNTX) to sell 50% of its total ownership stake in VOXX International Corporation (NASDAQ: VOXX).
  • The Stock Purchase Agreement was signed on October 5, 2023 between Avalon Park International LLC and Avalon Park Group Holding AG, as Sellers, and Gentex Corporation, as the Purchaser.
  • As noted in its Form 4 filing with the Securities and Exchange Commission on August 21, 2023, Gentex Corporation previously owned 173,808 shares of VOXX International's Class A Common Stock.
  • Gentex is one of our key partners in Biometrics and we've worked closely with them on the Automotive side of our business as well.

VOXX International Corporation Extends Employment Agreement of Chief Executive Officer

Retrieved on: 
Monday, October 2, 2023
Voxx International, Insurance, CFO, Employment, Shared services, Treasurer, Senior, Family, VOXX, Management

ORLANDO, Fla., Oct. 2, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it has extended the employment agreement of Chief Executive Officer Pat Lavelle through February 28, 2025. The Company also disclosed upcoming changes to its executive leadership and board of directors which will take effect on March 1, 2024, the start of Fiscal Year 2025.

Key Points: 
  • ORLANDO, Fla., Oct. 2, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that it has extended the employment agreement of Chief Executive Officer Pat Lavelle through February 28, 2025.
  • The Company is pleased to announce that Loriann Shelton, who currently serves as Senior Vice President and Chief Operating Officer, will also become Chief Financial Officer effective March 1, 2024.
  • She will replace Michael Stoehr, Senior Vice President and Chief Financial Officer, who has admirably served as CFO for over 40 years.
  • Pat Lavelle, Chief Executive Officer of VOXX International stated, "I want to first congratulate Loriann.

VOXX International Corporation Reports its Fiscal 2024 First Quarter Financial Results

Retrieved on: 
Monday, July 10, 2023
Workforce, Tax, Sharp Corporation, CE, Travel, Interest, Engineering, Ford, Electronics, GAAP, Research, Sikorsky HH-52 Seaguard, VOXX, Sale, EBITDA, Stellantis, Germany, Acquisition, Euro, Depreciation, Webcast, OEM, Consumer electronics, Adjustment, Automotive Electronics Council, Fiscal, Retail, Video game, Coal, Security (finance), Pharmaceutical industry, Bookkeeping, Nissan

ORLANDO, Fla., July 10, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2024 first quarter ended May 31, 2023.

Key Points: 
  • ORLANDO, Fla., July 10, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2024 first quarter ended May 31, 2023.
  • The gross margin in the Fiscal 2024 first quarter was 24.6% as compared to 25.8% in the Fiscal 2023 first quarter, a decline of 120 basis points.
  • Net loss attributable to VOXX International Corporation in the Fiscal 2024 first quarter was $10.7 million as compared to a net loss attributable to VOXX International Corporation of $6.5 million in the comparable Fiscal 2023 period.
  • The Company reported a basic and diluted loss per share attributable to VOXX International Corporation of $0.45 in the Fiscal 2024 first quarter as compared to a basic and diluted loss per common share attributable to VOXX International Corporation of $0.27, in the comparable Fiscal 2023 period.

VOXX International Corporation's Board of Directors Nominates Gentex Corporation's President and Chief Executive Officer Steve Downing, to Serve as a Director of VOXX at the Company's 2023 Annual Meeting of Stockholders

Retrieved on: 
Monday, May 8, 2023
Our Boarding House, Gentex, Growth, GNTX, Glass, Family, VOXX, Management

Downing is currently the President and Chief Executive Officer of Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies.

Key Points: 
  • Downing is currently the President and Chief Executive Officer of Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies.
  • Lesser, who has served on the VOXX Board of Directors since 2003 will not stand for re-election.
  • After more than two decades with VOXX, he has decided to step down as of our Fiscal 2023 annual meeting to enjoy more time with his family.
  • Our Board looks forward to working with Steve in the years to come."

VOXX International Corporation Appoints Beat Kahli as its New President

Retrieved on: 
Tuesday, February 7, 2023
Avalon, Health, AdventHealth Orlando, Biometrics, International Red Cross and Red Crescent Movement, Automotive industry, Growth, Public affairs, University of Central Florida, R, Management, VOXX, Central Florida

ORLANDO, Fla., Feb. 7, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that Beat Kahli, Co-Vice Chairman of the Board and VOXX's largest shareholder, has been appointed President.

Key Points: 
  • ORLANDO, Fla., Feb. 7, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that Beat Kahli, Co-Vice Chairman of the Board and VOXX's largest shareholder, has been appointed President.
  • "I've known Beat for years and it truly is a major win to bring someone of his caliber to VOXX.
  • I strongly believe in the Company's future and I am eager to focus my energies on unlocking this value as President."
  • As of December 1, 2022, Mr. Kahli was the largest shareholder of VOXX International Corporation's Class A common stock, owning 6.27 million shares or 29.4% of the shares outstanding through two companies owned and controlled by Mr. Kahli - Avalon Park Group Holding AG and Avalon Park International LLC.

VOXX International Corporation Reports its Fiscal 2023 Third Quarter Financial Results

Retrieved on: 
Monday, January 9, 2023
Arbitral tribunal, Adjustment, Depreciation, EBITDA, Marginal cost, Research, Douglas v. U.S. District Court ex rel Talk America, Electronics, Biometrics, GAAP, Interim, District court, Consumer electronics, Western Division, Tax, Engineering, Confirmation, CE, Fiscal, Acquisition, Growth, Sikorsky HH-52 Seaguard, Interest, Court, NIXT, Webcast, VOXX, Hand, Germany, Patent, OEM, Sharp Corporation, Units of paper quantity, Automotive Electronics Council, Renewable energy, Retail, Bank, Cassette tape, Video game, Grocery store, Spice, Security (finance), Bookkeeping, Healthcare, Health insurance, Financial services, Onkyo, Pioneer

ORLANDO, Fla., Jan. 9, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2023 third quarter ended November 30, 2022.

Key Points: 
  • ORLANDO, Fla., Jan. 9, 2023 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced its financial results for its Fiscal 2023 third quarter ended November 30, 2022.
  • On a sequential basis, when compared to the Fiscal 2023 second quarter ended August 31, 2022, Fiscal 2023 third quarter net sales increased $17.4 million or 13.8%.
  • Net income attributable to VOXX International Corporation in the Fiscal 2023 third quarter was $7.4 million as compared to a net loss attributable to VOXX International Corporation of $28.1 million in the comparable Fiscal 2022 period.
  • Net loss attributable to VOXX International Corporation in the Fiscal 2023 nine-month period was $9.3 million as compared to a net loss attributable to VOXX International Corporation of $25.1 million in the comparable Fiscal 2022 period.

VOXX INTERNATIONAL CORPORATION SETS DATE FOR ITS FISCAL 2023 THIRD QUARTER RESULTS AND CONFERENCE CALL

Retrieved on: 
Tuesday, January 3, 2023
Annual report, Electronics, Risk, Form 10-K, Voxx International, Consumer electronics, VOXX, COVID-19, Security (finance)

The Company will also be hosting a conference call and webcast to discuss its results and provide updates on its business operations on Tuesday, January 10, 2023 at 10:00 a.m. Eastern.

Key Points: 
  • The Company will also be hosting a conference call and webcast to discuss its results and provide updates on its business operations on Tuesday, January 10, 2023 at 10:00 a.m. Eastern.
  • Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call.
  • VOXX International Corporation (NASDAQ: VOXX) has grown into a leader in Automotive Electronics and Consumer Electronics, with emerging Biometrics technology to capitalize on the increased need for advanced security.
  • The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements.

VOXX INTERNATIONAL CORPORATION SETS DATE FOR ITS FISCAL 2023 SECOND QUARTER RESULTS AND CONFERENCE CALL

Retrieved on: 
Tuesday, October 4, 2022
Form 10-K, NASDAQ, Company, Electronics, Annual report, COVID-19, Risk, VOXX, Online shopping

To access the call by phone, please visit https://register.vevent.com/register/BI6a5657904be244d1870a5baee625d2fd and you will be provided dial-in numbers.

Key Points: 
  • To access the call by phone, please visit https://register.vevent.com/register/BI6a5657904be244d1870a5baee625d2fd and you will be provided dial-in numbers.
  • Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call.
  • AboutVOXX International CorporationVOXX International Corporation(NASDAQ:VOXX) has grown into a leader inAutomotive Electronicsand Consumer Electronics, with emerging Biometrics technology to capitalize on the increased need for advanced security.
  • The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements.

VOXX International Corporation Launches New E-Commerce Platform to Support Anticipated Growth and Drive Customer Satisfaction

Retrieved on: 
Monday, September 19, 2022
Pioneer, Electronics, COVID-19, Sale, LLC, Jamo, Company, Integra, Form 10-K, Schneider Electric, Risk, Klipsch Audio Technologies, TEAC, CEO, Data collection, Solution, Amazon Pay, NASDAQ, VOXX, Amazon, Annual report, Online shopping, Onkyo, Elite

While customer satisfaction is high, the Company saw ways to transition to a newer, more consumer-friendly platform that would improve visibility, data aggregation, and various operational support functions.

Key Points: 
  • While customer satisfaction is high, the Company saw ways to transition to a newer, more consumer-friendly platform that would improve visibility, data aggregation, and various operational support functions.
  • This new platform is capable of supporting all e-Commerce initiatives throughout the Company's global footprint.
  • Premium audio brands covered as part of this initial roll-out include Klipsch, Jamo, Onkyo, Pioneer, Elite, Magnat, Heco and TEAC.
  • Premium Audio Company has integrated new tools and features into its platform that will be leveraged by customer service representatives when answering support calls or through live chat.