{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-12T01:00:36.727237+00:00","company":{"ticker":"UTI","cik":1261654,"company_name":"UNIVERSAL TECHNICAL INSTITUTE INC"},"pagination":{"limit":100,"returned":34,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"Fifth Third Bank","detail":"credit_facility","count":2,"first_seen":"2022-11-21T23:59:59+00:00","last_seen":"2023-08-29T23:59:59+00:00","evidence_fact_ids":[116087,194988]}],"lender":[{"display_name":"Fifth Third Bank","detail":"revolving_credit","count":1,"first_seen":"2022-11-21T23:59:59+00:00","last_seen":"2022-11-21T23:59:59+00:00","evidence_fact_ids":[194991]}],"ma_counterparty":[{"display_name":"Concorde Career Colleges, Inc.","detail":"acquisition","count":1,"first_seen":"2022-12-02T23:59:59+00:00","last_seen":"2022-12-02T23:59:59+00:00","evidence_fact_ids":[193310]}]},"facts":[{"fact_type":"earnings_release","fact_key":"2f67b02dbd4a3dbaa8e584876e7d11a4596d6203","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2026-05-06T23:59:59+00:00","payload":{"eps_text":"$0.01","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"$0.4 million","period_text":"fiscal 2026 second quarter ended March 31, 2026","report_date":"2026-05-06","result_type":"reported_results","revenue_text":"$221.4 million"},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC reported fiscal 2026 second quarter ended March 31, 2026 results: revenue $221.4 million, net income $0.4 million, EPS $0.01. Guidance reaffirmed.","evidence_excerpt":"• Revenues increased 6.7% to $221.4 million compared to $207.4 million. • Operating expenses increased 16.0% to $221.1 million, compared to $190.6 million primarily due to the growth in both UTI and Concorde average full-time active students and strategic growth expenses associated with new campus launches and program expansions currently underway or completed over the last year. • Operating income of $0.3 million compared to operating income of $16.9 million primarily due to strategic growth expen ses. 1 • Net income decreased to $0.4 million compared to $11.4 million primarily due to strategic growth expenses. • Basic and diluted earnings per share (EPS) were $0.01, compared to $0.21.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001261654-26-000009","anchor_url":"https://secwatch.observer/filing/0001261654-26-000009#claim-2f67b02dbd4a3dbaa8e584876e7d11a4596d6203","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165426000009/0001261654-26-000009-index.htm"},{"fact_type":"governance_change","fact_key":"66da9a6f23aafaa4e2c16606aa5934bf3831472f","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2026-03-17T23:59:59+00:00","payload":{"change_type":"code_of_ethics","effective_date":"2026-03-11","item_codes_triggered":["5.05"],"summary_text":"Board approved amended and restated Code of Conduct updating governance, ethics, and compliance practices and eliminating redundant provisions."},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC: Board approved amended and restated Code of Conduct updating governance, ethics, and compliance practices and eliminating redundant provisions (effective 2026-03-11).","evidence_excerpt":"On March 11, 2026, the board of directors of Universal Technical Institute, Inc. (the “Company”) approved an amended and restated Code of Conduct (the “Code of Conduct”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-110942","anchor_url":"https://secwatch.observer/filing/0001193125-26-110942#claim-66da9a6f23aafaa4e2c16606aa5934bf3831472f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312526110942/0001193125-26-110942-index.htm"},{"fact_type":"executive_change","fact_key":"6c5af14ba4","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2025-03-31T23:59:59+00:00","payload":{"action":"transitioned","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2025-03-31","interim":false,"role":"Chief Operating Officer","role_category":"coo","successor_name":null,"successor_named":false},"claim":"Todd Hitchcock changed role as Chief Operating Officer at UNIVERSAL TECHNICAL INSTITUTE INC.","evidence_excerpt":"On March 31, 2025 (the “ Transition Date ”), Universal Technical Institute, Inc., a Delaware corporation (the “ Company ”), announced the transition of Todd Hitchcock to the role of Chief Operating Officer, effective immediately (the “ Transition ”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-25-068855","anchor_url":"https://secwatch.observer/filing/0001193125-25-068855#claim-6c5af14ba4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312525068855/0001193125-25-068855-index.htm"},{"fact_type":"executive_change","fact_key":"afbb4c8280","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2025-03-17T23:59:59+00:00","payload":{"action":"resigned","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2025-03-17","interim":false,"role":"Interim Chief Financial Officer","role_category":"cfo","successor_name":"Bruce Schuman","successor_named":true},"claim":"Christine Kline resigned as Interim Chief 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Universal Technical Institute, Inc., a Delaware corporation (the “ Company ”), notified the Company that he is resigning from all offices and positions that he holds with the Company and its subsidiaries, effective as of October 11, 2024 (the “ Effective Date ”), to pursue a new position outside the Company.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-24-216695","anchor_url":"https://secwatch.observer/filing/0001193125-24-216695#claim-8e08e17c22","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312524216695/0001193125-24-216695-index.htm"},{"fact_type":"earnings_release","fact_key":"5e3c94884b6fc671bc6d6bb028e0d54fd3d96b28","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2024-05-08T23:59:59+00:00","payload":{"eps_text":"$0.14","guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":"$7.8 million","period_text":"the fiscal 2024 second quarter ended March 31, 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Guidance raised.","evidence_excerpt":"Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the “Company,” “we,” “us” or “our.” • Reven ue of $184.2 million representing 12.4% growth versus the prior year period, with UTI and Concorde achieving 14.7% and 8.2% growth versus the prior year period, respectively. • Total new student","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001261654-24-000042","anchor_url":"https://secwatch.observer/filing/0001261654-24-000042#claim-5e3c94884b6fc671bc6d6bb028e0d54fd3d96b28","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165424000042/0001261654-24-000042-index.htm"},{"fact_type":"shareholder_vote","fact_key":"7bed6d02e3fdabf95de832fe7fa688187fec2176","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE 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Guidance initiated.","evidence_excerpt":"Established fiscal 2024 full year guidance ranges including revenue of $705 to $715 million, and adjusted EBITDA of $98 to $102 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001261654-23-000097","anchor_url":"https://secwatch.observer/filing/0001261654-23-000097#claim-f5e0564b2896179a6f416b3e0617b4952649f588","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165423000097/0001261654-23-000097-index.htm"},{"fact_type":"earnings_release","fact_key":"98bb09e52826140270eabfc98112a258ea7204a0","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2023-11-15T23:59:59+00:00","payload":{"eps_text":"Basic and diluted EPS were $0.13","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"Full year net income was $12.3 million","period_text":"fiscal 2023 full year and fourth quarter ended September 30, 2023","report_date":"2023-11-15","result_type":"reported_results","revenue_text":"Full year revenue of $607.4 million"},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC reported fiscal 2023 full year and fourth quarter ended September 30, 2023 results: revenue Full year revenue of $607.4 million, net income Full year net income was $12.3 million, EPS Basic and diluted EPS were $0.13.","evidence_excerpt":"• Full year revenue of $607.4 million in 2023 with UTI contributing $429.3 million and Concorde contributing $178.1 million. • Full year net income was $12.3 million while full year adjusted net income (1) was $22.3 million.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001261654-23-000097","anchor_url":"https://secwatch.observer/filing/0001261654-23-000097#claim-98bb09e52826140270eabfc98112a258ea7204a0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165423000097/0001261654-23-000097-index.htm"},{"fact_type":"material_agreement","fact_key":"555e51ee93fbd2c7fd7c3e7bd3ce8e671ce3248a","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2023-08-29T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"First Amendment to Credit Agreement","agreement_type":"credit_facility","counterparty":"Fifth Third Bank","effective_date":"2023-08-23","item_codes_triggered":["1.01"],"value_text":"Amendment to Credit Agreement to remove clean off provision, modify bank products obligation, and mo"},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC amended First Amendment to Credit Agreement with Fifth Third Bank valued at Amendment to Credit Agreement to remove clean off provision, modify bank products obligation, and mo (effective 2023-08-23).","evidence_excerpt":"On August 23, 2023, the Loan Parties entered into a First Amendment to Credit Agreement (the “ Amendment ”) with the Lender that (i) removed the “clean off” provision, which previously required that the amount outstanding under the Credit Agreement not exceed $20,000,000 for a single thirty (30) consecutive day period during the period commencing on the date of the initial draw under the Credit Agreement and ending on the date twenty (20) months thereafter; (ii) removed the specific timing requirement and clarified other terms surrounding the Loan Parties’ obligation to use the Lender as their primary provider of bank products; and (iii) modified the Loan Parties’ obligation under the quick ratio financial covenant.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001193125-23-222905","anchor_url":"https://secwatch.observer/filing/0001193125-23-222905#claim-555e51ee93fbd2c7fd7c3e7bd3ce8e671ce3248a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312523222905/0001193125-23-222905-index.htm"},{"fact_type":"earnings_release","fact_key":"291afb06042707340efc611d30ccc119ad5ddd26","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2023-05-09T23:59:59+00:00","payload":{"eps_text":"$0.04","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"$3.5 million","period_text":"fiscal 2023 second quarter ended March 31, 2023","report_date":"2023-05-09","result_type":"reported_results","revenue_text":"$163.8 million"},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC reported fiscal 2023 second quarter ended March 31, 2023 results: revenue $163.8 million, net income $3.5 million, EPS $0.04. Guidance reaffirmed.","evidence_excerpt":"Reven ue was $163.8 million with UTI increasing 5.4% versus the prior year period and Concorde contributing $56.3 million • Net income of $3.5 million , adjusted net income* of $6.3 million , and adjusted EBITDA* of $19.2 million . • Total new student starts of 4,626 with UTI increasing 4.4% versus the prior year period and 2,252 contributed by Concorde. • The Company reiterates its full year, fiscal 2023 guidance across all key metrics.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001261654-23-000080","anchor_url":"https://secwatch.observer/filing/0001261654-23-000080#claim-291afb06042707340efc611d30ccc119ad5ddd26","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165423000080/0001261654-23-000080-index.htm"},{"fact_type":"shareholder_vote","fact_key":"8db7019c2525ec1da6f3a17ee4fda882d8dfe4a6","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE 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executive officers at the 2023-03-02 meeting.","evidence_excerpt":"Proposal 3 : The stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as follows: Votes For Votes Against Abstentions Broker Non-Votes 22,390,700 2,636,624 23,420 2,540,153","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001261654-23-000067","anchor_url":"https://secwatch.observer/filing/0001261654-23-000067#claim-4f25a501d6bba5e22b8425a9c65d4d9f86a304c9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165423000067/0001261654-23-000067-index.htm"},{"fact_type":"shareholder_vote","fact_key":"15aaf484f768cabf8baaf9aa85df2bda51ccdde6","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2023-03-07T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-03-02","outcome":"passed","proposal_text":"Ratification of Deloitte & Touche LLP as independent registered public 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96,959","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001261654-23-000067","anchor_url":"https://secwatch.observer/filing/0001261654-23-000067#claim-15aaf484f768cabf8baaf9aa85df2bda51ccdde6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165423000067/0001261654-23-000067-index.htm"},{"fact_type":"shareholder_vote","fact_key":"807f40855aea97d02049db8404c3425d7a805f08","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2023-03-07T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-03-02","outcome":"passed","proposal_text":"Election of Class I Directors","proposal_type":"director_election","results":[{"broker_non_votes":"2,540,153","subject":"David A. 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Grant 24,188,012 150,481 712,251 2,540,153 Shannon Okinaka 24,919,303 127,676 3,765 2,540,153","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001261654-23-000067","anchor_url":"https://secwatch.observer/filing/0001261654-23-000067#claim-807f40855aea97d02049db8404c3425d7a805f08","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165423000067/0001261654-23-000067-index.htm"},{"fact_type":"executive_change","fact_key":"fc3389b105","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2023-03-02T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-03-01","interim":false,"role":"Class III director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Michael A. Slubowski was appointed as Class III director at UNIVERSAL TECHNICAL INSTITUTE INC.","evidence_excerpt":"On March 1, 2023, on the recommendation of the Nominating and Corporate Governance Committee of the Board of Directors (the “ Board ”) of Universal Technical Institute, Inc. (the “ Company ”), the Board appointed Michael A. 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Guidance reaffirmed.","evidence_excerpt":"Institute (UTI) and Concorde Career Colleges (Concorde), and together with its segments and subsidiaries is referred to as the “Company”, “we,” “us” or “our.” • Revenue was $120.0 million with Concorde contributing $14.4 million. • Net income of $2.6 million, adjusted net income* of $5.3 million, and adjusted EBITDA* of $14.4 million. • Total new student starts of","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001261654-23-000034","anchor_url":"https://secwatch.observer/filing/0001261654-23-000034#claim-2fb72265f86eef2c1a3e4b815af21ec97f4930f3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165423000034/0001261654-23-000034-index.htm"},{"fact_type":"earnings_release","fact_key":"8e84b7a70d906ac2a62ec9badf2309eb94ce12ca","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-12-12T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"$2.8 million","period_text":"fourth quarter ended September 30, 2022","report_date":"2022-12-12","result_type":"reported_results","revenue_text":"$110.6 million"},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC reported fourth quarter ended September 30, 2022 results: revenue $110.6 million, net income $2.8 million. Guidance reaffirmed.","evidence_excerpt":"for the fiscal 2022 full year and fourth quarter ended September 30, 2022. • Full year revenue of $418.8 million in 2022, an increase of 25.0% compared to the prior year, and $110.6 million in the fourth quarter, up 13.5% compared to the prior year quarter. • Full year net income was $25.8 million compared to $14.6 million in the prior year, while net income for the","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001261654-22-000102","anchor_url":"https://secwatch.observer/filing/0001261654-22-000102#claim-8e84b7a70d906ac2a62ec9badf2309eb94ce12ca","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165422000102/0001261654-22-000102-index.htm"},{"fact_type":"earnings_release","fact_key":"03a4fd8b691becc06e8b05537709ddb4a8216755","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-12-12T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"$25.8 million","period_text":"the fiscal year ended September 30, 2022","report_date":"2022-12-12","result_type":"reported_results","revenue_text":"$418.8 million"},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC reported the fiscal year ended September 30, 2022 results: revenue $418.8 million, net income $25.8 million. Guidance reaffirmed.","evidence_excerpt":"Full year revenue of $418.8 million in 2022, an increase of 25.0% compared to the prior year","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001261654-22-000102","anchor_url":"https://secwatch.observer/filing/0001261654-22-000102#claim-03a4fd8b691becc06e8b05537709ddb4a8216755","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165422000102/0001261654-22-000102-index.htm"},{"fact_type":"ma_transaction","fact_key":"9194fdfa452c8db4dc16f274a232e50babf32111","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-12-02T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2022-12-01","consideration_text":"$50.0 million in cash","counterparty":"Concorde Career Colleges, Inc.","effective_date":"2022-12-01","item_codes_triggered":["2.01"]},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC completed an acquisition involving Concorde Career Colleges, Inc. for $50.0 million in cash (closed 2022-12-01).","evidence_excerpt":"and online formats. Under the terms of the Purchase Agreement, UTI acquired of all of the issued and outstanding shares of capital stock of Concorde for a base purchase price of $50.0 million in cash, subject to certain customary adjustments as set forth in the Purchase Agreement. As a result of the transactions contemplated by the Purchase Agreement, Concorde is now","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-22-297061","anchor_url":"https://secwatch.observer/filing/0001193125-22-297061#claim-9194fdfa452c8db4dc16f274a232e50babf32111","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522297061/0001193125-22-297061-index.htm"},{"fact_type":"earnings_release","fact_key":"60a6ffb8c85ac6a4aa463b451de054bfe41b458d","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-11-21T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"the full fiscal year ended September 30, 2022","report_date":"2022-11-21","result_type":"preliminary_results","revenue_text":"approximately $418.8 million"},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC reported the full fiscal year ended September 30, 2022 results: revenue approximately $418.8 million. Guidance reaffirmed.","evidence_excerpt":"• Continued progress towards closing of Concorde Career Colleges acquisition Select Preliminary, Unaudited Financial Results for Full Fiscal Year 2022 • Revenue of approximately $418.8 million • Currently anticipate adjusted EBITDA of not less than $55.0 million (see non-GAAP information below) • New student starts of approximately 13,374, or growth of approximately","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-22-289578","anchor_url":"https://secwatch.observer/filing/0001193125-22-289578#claim-60a6ffb8c85ac6a4aa463b451de054bfe41b458d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm"},{"fact_type":"debt_financing","fact_key":"f6a6c749c0e090958c3bfc2a73b8bd411f708596","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-11-21T23:59:59+00:00","payload":{"counterparty":"Fifth Third Bank","effective_date":"2022-11-18","event":"incurrence","instrument_type":"revolving_credit","interest_rate_text":null,"item_codes_triggered":["2.03"],"maturity_text":"three years","principal_text":"$100.0 million"},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC incurred revolving credit of $100.0 million with Fifth Third Bank maturing three years.","evidence_excerpt":"On November 18, 2022, Universal Technical Institute, Inc., a Delaware corporation (the “ Company ”), as borrower, and certain of its subsidiaries (collectively with the Company, the “ Loan Parties ”), entered into a Credit Agreement (“ Credit Agreement ”) with Fifth Third Bank, a national banking association (the “ Lender ”). Under the Credit Agreement, the Company obtained a $100.0 million senior secured revolving credit facility (the “ Facility ”) for a term of three years, unless earlier terminated pursuant to the terms and conditions set forth in the Credit Agreement.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-22-289578","anchor_url":"https://secwatch.observer/filing/0001193125-22-289578#claim-f6a6c749c0e090958c3bfc2a73b8bd411f708596","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm"},{"fact_type":"material_agreement","fact_key":"1977ee4ca8b6fdd96ff7855f934aae2d1682c139","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-11-21T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Credit Agreement","agreement_type":"credit_facility","counterparty":"Fifth Third Bank","effective_date":"2022-11-18","item_codes_triggered":["1.01"],"value_text":"$100.0 million"},"claim":"UNIVERSAL TECHNICAL INSTITUTE INC entered into Credit Agreement with Fifth Third Bank valued at $100.0 million (effective 2022-11-18).","evidence_excerpt":"On November 18, 2022, Universal Technical Institute, Inc., a Delaware corporation (the “ Company ”), as borrower, and certain of its subsidiaries (collectively with the Company, the “ Loan Parties ”), entered into a Credit Agreement (“ Credit Agreement ”) with Fifth Third Bank, a national banking association (the “ Lender ”). Under the Credit Agreement, the Company obtained a $100.0 million senior secured revolving credit facility (the “ Facility ”) for a term of three years, unless earlier terminated pursuant to the terms and conditions set forth in the Credit Agreement.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-22-289578","anchor_url":"https://secwatch.observer/filing/0001193125-22-289578#claim-1977ee4ca8b6fdd96ff7855f934aae2d1682c139","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000119312522289578/0001193125-22-289578-index.htm"},{"fact_type":"executive_change","fact_key":"e469aa460e","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-03-10T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2022-03-09","interim":false,"role":"member of the Board","role_category":"director","successor_name":null,"successor_named":false},"claim":"Kimberly J. McWaters resigned as member of the Board at UNIVERSAL TECHNICAL INSTITUTE INC.","evidence_excerpt":"Effective March 9, 2022 , Kimberly J. McWaters resigned from her position as a member of the Board.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001261654-22-000069","anchor_url":"https://secwatch.observer/filing/0001261654-22-000069#claim-e469aa460e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165422000069/0001261654-22-000069-index.htm"},{"fact_type":"executive_change","fact_key":"6541324906","cik":1261654,"ticker":"UTI","company_name":"UNIVERSAL TECHNICAL INSTITUTE INC","filed_at":"2022-03-10T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-03-09","interim":false,"role":"Class I director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Shannon Okinaka was appointed as Class I director at UNIVERSAL TECHNICAL INSTITUTE INC.","evidence_excerpt":"the Board appointed Shannon Okinaka as a Class I director of the Board","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001261654-22-000069","anchor_url":"https://secwatch.observer/filing/0001261654-22-000069#claim-6541324906","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1261654/000126165422000069/0001261654-22-000069-index.htm"}]}