Schedule 13D/A: Kent Lake Reports $8.85M Position in UEIC

Rhea-AI Filing Summary

Amendment No. 2 to a Schedule 13D reports that Kent Lake Partners LP, Kent Lake PR LLC and Benjamin Natter beneficially own a combined 990,870 shares of Universal Electronics Inc. (UEIC), representing approximately 7.4% of the company based on 13,336,969 shares outstanding as of August 5, 2025. The filing states the shares were acquired in open-market purchases using working capital and the aggregate purchase price for the 990,870 shares is approximately $8,850,076, including commissions.

The filing amends Item 3 to disclose the source and amount of funds and amends Item 5 to restate the Reporting Persons' aggregate ownership and voting and investment power. Exhibit 1 is added to detail the transactions in the shares.

Positive

• Disclosure of a substantial equity stake: Reporting Persons beneficially own 990,870 shares, equal to approximately 7.4% of UEIC.
• Full transaction transparency: Aggregate purchase price disclosed as approximately $8,850,076 including brokerage commissions and Exhibit 1 will detail transactions.
• Open-market purchases with working capital: The filing states the shares were acquired in open market transactions using working capital, indicating standard acquisition method.

Negative

• None.

Insights

Financial Analyst

TL;DR: A disclosed 7.4% open-market stake valued at about $8.85M signals a meaningful passive position; monitor for further accumulation or proposals.

The reporting persons together hold 990,870 shares (7.4%), purchased in open-market transactions using working capital. For a company with ~13.34 million shares outstanding, a 7.4% stake is large enough to attract investor attention and could influence trading liquidity and perceived shareholder base. The filing does not state any intent to change or influence control. Materiality hinges on whether the holders increase their position or seek board influence; as filed, this is a substantial disclosure of ownership but not an explicit strategic action.

Corporate Governance Expert

TL;DR: Ownership disclosure is significant for governance monitoring but the filing shows no stated plan to seek control or board representation.

The Schedule 13D/A clarifies beneficial ownership and voting/investment power, which is essential for governance transparency. While 7.4% is a meaningful ownership stake that can provide leverage in shareholder discussions, the statement explicitly confines itself to ownership details and transaction exhibit inclusion. Absent language about intent to solicit proxies, nominate directors, or propose corporate actions, this filing appears to be informational rather than an activist signal.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

UNIVERSAL ELECTRONICS INC

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

913483103

(CUSIP Number)

BENJAMIN NATTER
KENT LAKE PR LLC, Carr. 115 km 12.1 Ave., Albizu Campos #2490 Suite 28
Rincon, PR, 00677
415-237-0007

SEBASTIAN ALSHEIMER, ESQ.
WILSON SONSINI GOODRICH & ROSATI, 1301 Avenue of the Americas
New York, NY, 10019
(212) 999-5800

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/25/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 913483103

1

Name of reporting person

Kent Lake Partners LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 990,870.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 990,870.00

11

Aggregate amount beneficially owned by each reporting person

990,870.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.4 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No. 913483103

1

Name of reporting person

Kent Lake PR LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

PUERTO RICO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 990,870.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 990,870.00

11

Aggregate amount beneficially owned by each reporting person

990,870.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.4 %

14

Type of Reporting Person (See Instructions)

IA, HC

SCHEDULE 13D

CUSIP No. 913483103

1

Name of reporting person

Benjamin Natter

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 990,870.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 990,870.00

11

Aggregate amount beneficially owned by each reporting person

990,870.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

7.4 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: UNIVERSAL ELECTRONICS INC
(c)	Address of Issuer's Principal Executive Offices: 15147 N SCOTTSDALE RD, SUITE H300, SCOTTSDALE, ARIZONA , 85254.
Item 1 Comment: The following constitutes Amendment No. 2 to the Schedule 13D filed by the undersigned ("Amendment No. 2"). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended as follows: The securities purchased by Kent Lake Partners, were purchased with working capital in open market purchases as set forth in Exhibit 1, which is incorporated by reference herein. The aggregate purchase price of the 990,870 Shares directly owned by Kent Lake Partners is approximately $8,850,076, including brokerage commissions.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5(a)-(c) are hereby amended and restated to read as follows: As of the date hereof, the Reporting Persons beneficially own 990,870 shares in the aggregate, representing approximately 7.4% of the outstanding Shares. The aggregate percentage of Shares reported owned by the Reporting Persons herein is based upon approximately 13,336,969 outstanding, as of August 5, 2025, which is the total number of shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2025.
(b)	The Reporting Persons have sole voting power and sole investment power with respect to the Shares beneficially owned by the Reporting Persons.
(c)	During the past 60 days, none of the Reporting Persons has effected any transaction in the Shares, except as set forth in Exhibit 1, which is incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: Exhibit 1: Transactions in the Shares.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Kent Lake Partners LP

Signature:	/s/ Benjamin Natter
Name/Title:	Managing Member
Date:	08/27/2025

Kent Lake PR LLC

Signature:	/s/ Benjamin Natter
Name/Title:	Managing Member
Date:	08/27/2025

Benjamin Natter

Signature:	/s/ Benjamin Natter
Name/Title:	Managing Member
Date:	08/27/2025

FAQ

How many UEIC shares do Kent Lake Partners and related persons own?

They beneficially own 990,870 shares, representing approximately 7.4% of UEIC based on 13,336,969 shares outstanding.

What was the aggregate cost of the shares reported in the Schedule 13D/A?

The aggregate purchase price for the 990,870 shares is approximately $8,850,076, inclusive of brokerage commissions.

How were the UEIC shares purchased according to the filing?

The filing states the shares were purchased in open market purchases using working capital.

Does the filing state any intent to change control or influence UEIC management?

No. The filing provides ownership and transaction details and does not state any intent to change or influence control or to nominate directors.

On what outstanding share count is the 7.4% ownership based?

The percentage is based on approximately 13,336,969 shares outstanding as of August 5, 2025, as reported in the issuer's filings.

Where can I find details of the specific transactions that led to this position?

The filing adds Exhibit 1 titled 'Transactions in the Shares' which is incorporated by reference to provide transaction-level details.