SCHEDULE 13G/A: Manulife Entities Update Passive Stake in Universal Electronics, Reporting Minimal Ownership
Beneficial Ownership Update
Manulife Financial Corporation and its subsidiary, Manulife Investment Management Limited, have filed an amendment to their Schedule 13G, disclosing a negligible beneficial ownership of Universal Electronics Inc. common stock.
Summary
- Manulife Financial Corporation (MFC) and its indirect, wholly-owned subsidiary, Manulife Investment Management Limited (MIML), filed an Amendment No. 2 to their Schedule 13G regarding Universal Electronics Inc. common stock.
- As of December 31, 2024, MIML beneficially owned 236 shares of Universal Electronics Inc. common stock.
- MFC may be deemed to have beneficial ownership of these same 236 shares due to its parent-subsidiary relationship with MIML.
- The aggregate beneficial ownership for both MFC and MIML represents 0.00% of the 12,952,143 shares of Common Stock outstanding as of May 2, 2024.
- This filing indicates a passive investment, with neither entity holding 5% or more of the class.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing (Schedule 13G/A) disclosing a passive and negligible ownership stake. It contains no positive or negative operational or financial news, thus maintaining a neutral sentiment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of passive ownership by institutional investors. It does not provide specific insights into broader industry trends for Universal Electronics Inc. or the investment management sector, beyond indicating Manulife's minimal, non-strategic stake in the company.
Stakeholder Impact
- The negligible ownership stake reported in this filing is unlikely to have any material impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2018-01-17 | Date of Power of Attorney for Graham Miller. |
| 2018-01-29 | Date Manulife Financial Corporation filed Exhibit A to Schedule 13F-NT with the SEC. |
| 2024-05-02 | Date shares of Common Stock outstanding were reported by the issuer. |
| 2024-05-06 | Date Universal Electronics Inc. filed Form 10-Q with the SEC. |
| 2024-12-31 | Date of event which requires filing of this statement. |
| 2025-02-04 | Signature date for Manulife Financial Corporation. |
| 2025-02-12 | Signature date for Manulife Investment Management Limited. |
Keywords
Universal Electronics Inc., Manulife Financial Corporation, Manulife Investment Management Limited, Schedule 13G/A, Common Stock, Beneficial Ownership, Passive Investment, SEC Filing, 913483103
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