secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001193125-22-034451
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UTI subsidiary purchases 34.2% indirect interest in own Lisle campus, raising ownership to 62.2%
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- Purchase price was $13.4 million, paid with cash on hand.
- Acquired 47.5% of a REIT that holds a 34.2% indirect interest in the campus-owning entity.
- UTI Ventures now holds 62.2% of the Target (2611 Corporate West Drive Venture LLC).
- Transaction closed February 8, 2022; no operational changes at the Lisle campus.
- Company states it now has ability to seek full ownership of the campus later.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000119312522034451/0001193125-22-034451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000119312522034451/d296816d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-034451

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