---
schema_version: "secwatch.filing_event.v1"
accession: "0001261654-23-000149"
form_type: "8-K"
ticker: "UTI"
cik: "0001261654"
company_name: "UNIVERSAL TECHNICAL INSTITUTE INC"
filed_at: "2023-12-19T23:59:59+00:00"
generated_at: "2026-06-07T10:21:04.040202+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# UTI repurchases $10.78M Series A preferred, converts all shares; appoints Chris Shackelton director

## Summary
- Repurchased 33,300 Series A Preferred shares from Coliseum affiliates for $10.78M in cash.
- Converted all outstanding Series A Preferred into Common Stock, increasing shares outstanding by 19.3M effective Dec 18, 2023.
- Chris Shackelton, Coliseum co-founder, appointed as Class III director as part of the transaction.
- Purchase price based on Dec 18 VWAP; adjustment possible if VWAP Dec 19-22 exceeds initial VWAP up to $13.00.
- Pricing committee of independent directors approved the repurchase; funded with cash on hand.

## SEC filing metadata
- accession: 0001261654-23-000149
- form_type: 8-K
- ticker: UTI
- cik: 0001261654
- company_name: UNIVERSAL TECHNICAL INSTITUTE INC
- filed_at: 2023-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1261654/000126165423000149/0001261654-23-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1261654/000126165423000149/uti-20231218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001261654-23-000149
- JSON: https://secwatch.observer/filing/0001261654-23-000149.json
- Plain text: https://secwatch.observer/filing/0001261654-23-000149.txt

## Key facts
- Executive change
  Christopher Shackelton was appointed as Class III director at UNIVERSAL TECHNICAL INSTITUTE INC.
  - Action: appointed
  - Role: Class III director
  source text: the Board appointed Mr. Shackelton as a Class III director of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1261654/000126165423000149/0001261654-23-000149-index.htm

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