secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001104659-25-010952
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 2.04, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000110465925010952/0001104659-25-010952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000110465925010952/tm255965d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-010952

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