UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): DECEMBER 21, 2006
AUDIOVOX CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-28839 13-1964841
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
180 MARCUS BOULEVARD
HAUPPAUGE, NEW YORK 11788
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)
(631) 231-7750
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On December 21, 2006, Audiovox Corporation ("Audiovox") entered into a
definitive agreement (the "Agreement") with Thomson ("Thomson"). Under the
Agreement, Audiovox will acquire Thomson's Americas consumer electronics
accessory business as well as rights to the RCA brand for consumer electronics
accessories. Audiovox anticipates that the transaction will close in early 2007.
As consideration for the transferred assets, Audiovox agreed to pay Thomson $50
million plus a five (5) year fee related to the RCA brand in connection with
consumer electronics accessories. A press release relating to the Agreement is
furnished as Exhibit 99.1 attached hereto.
ITEM 9.01(D). EXHIBITS
EXHIBIT N . DESCRIPTION
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99.1 Press Release dated December 21, 2006 by Audiovox Corporation
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AUDIOVOX CORPORATION
By:/s/ Charles M. Stoehr
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Charles M. Stoehr
Senior Vice President and Chief
Financial Officer
Date: December 22, 2006
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EXHIBIT INDEX
EXHIBIT N . DESCRIPTION
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99.1 Press Release dated December 21, 2006 by Audiovox Corporation