---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-010952"
form_type: "8-K"
ticker: "UVV"
cik: "0000102037"
company_name: "UNIVERSAL CORP /VA/"
filed_at: "2025-02-10T23:59:59+00:00"
generated_at: "2026-05-26T23:45:52.841030+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Universal Corp. reports preliminary Q3 EPS $2.27, delays 10-Q due to Mozambique embezzlement (now $16.7M)

## Summary
- Preliminary Q3 FY2025: revenue $937.2M, operating income $100.7M, net income $57.1M, diluted EPS $2.27.
- Embezzlement total revised to $16.7M (FY2016-2025); prior disclosure was $7M (FY2022-2025).
- Company expects material weaknesses in internal controls; Q2 and Q3 FY2025 10-Qs delayed.
- Credit agreement waiver extended to June 16, 2025; consent fee of 0.05% paid to lenders.
- Management does not expect material impact on FY2025 results or restatement of prior financial statements.

## SEC filing metadata
- accession: 0001104659-25-010952
- form_type: 8-K
- ticker: UVV
- cik: 0000102037
- company_name: UNIVERSAL CORP /VA/
- filed_at: 2025-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102037/000110465925010952/0001104659-25-010952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102037/000110465925010952/tm255965d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-010952
- JSON: https://secwatch.observer/filing/0001104659-25-010952.json
- Plain text: https://secwatch.observer/filing/0001104659-25-010952.txt

## Key facts
- Debt Financings
  UNIVERSAL CORP /VA/ reported a default on credit facility with JPMorgan Chase Bank, N.A., as Administrative Agent.
  - Instrument: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
  - Event: default
  source text: On February 10, 2025, the Company entered into a further Consent ("February Consent") with respect to the Credit Agreement that provided for, among other things, an extension until June 16, 2025, for delivery by the Company of the Second Quarter 2025 Financials and the financials for the quarter ended December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102037/000110465925010952/0001104659-25-010952-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.