secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL TECHNICAL INSTITUTE INC (UTI)
CIK:        0001261654
Form:       8-K/A
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001261654-23-000032
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UTI acquires Concorde Career Colleges; Concorde FY2021 revenue $193.7M, net income $3.6M
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- Acquisition closed Dec 1, 2022; amendment provides audited/unaudited financials and pro forma data.
- Concorde FY2021 net revenues $193.7M (FY2020: $186.0M), net income $3.6M (FY2020: $5.7M).
- Concorde total assets $86.8M, stockholders' equity $36.3M at Dec 31, 2021.
- Unaudited 9-month Sep 30, 2022 financials and pro forma combined statements for FY2022 filed as exhibits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1261654/000126165423000032/0001261654-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1261654/000126165423000032/uti-20221201.htm
  HTML page:      https://secwatch.observer/filing/0001261654-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer