Universal Electronics responds to ISS opposition to Say-on-Pay; notes shift to performance-based equity in 2024

UNIVERSAL ELECTRONICS INC

ISS recommended AGAINST Say-on-Pay, citing misalignment due to time-vesting CEO equity awards.
Company states it replaced time-vesting equity awards with performance-based stock units for 2024 grants.
Glass Lewis recommended FOR Say-on-Pay, noting the compensation committee's changes.
Company continues to recommend stockholders vote FOR the Say-on-Pay proposal at June 11, 2024 Annual Meeting.

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