Business Context and Reporting Period
Company: Universal Technical Institute, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 9, 2010
Event: Declaration of a special cash dividend.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a capital distribution event.
Material Changes
The Board of Directors declared a special cash dividend of $1.50 per share on the Company's common stock.
Guidance, Outlook, and Management Commentary
Dividend Details:
- Amount: $1.50 per share
- Record Date: July 6, 2010
- Payment Date: July 16, 2010
The filing references a press release (Exhibit 99.1) for further details but contains no forward-looking guidance, risk factors, or management commentary regarding future operations within the text provided.
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the aggregate cash outflow for the dividend.
- Confirm the Company's current cash position to ensure liquidity is sufficient to fund the $1.50 per share payment.
- Review the referenced press release (Exhibit 99.1) for the strategic rationale behind the special dividend.
- Check subsequent filings for any changes to the dividend schedule or payment status.