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): June 26, 2003
AUDIOVOX CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-9532 13-1964841
(State or other jurisdiction (Commission (IRS Employer Identification
of Incorporation) File Number) Number)
150 Marcus Boulevard, Hauppauge, New York 11788
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (631) 231-7750
NONE
(Former name or former address, if changed since last report)
Exhibit Index on Page 2
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ITEM 5. OTHER EVENTS
Ninth Amendment to the Fourth Amended and Restated Credit Agreement:
Effective June 26, 2003, the Company and its Lenders executed a Ninth Amendment
to the Company's Fourth Amended and Restated Credit Agreement (the "Amendment").
The Amendment, among other things, (i) reduces the aggregate Commitments of
the Lenders from $175,000,000 to $150,000,000; and, (ii) amends certain
provisions to allow the Company to consummate the acquisition transaction
contemplated by the Stock and Asset Purchase Agreement dated as of May 23, 2003
among Recoton Audio Corporation, Recoton Home Audio, Inc., Recoton Mobile
Electronics, Inc. Recoton International Holdings, Inc., Recoton Corporation,
recoton Canada Ltd. and Jax Assets Corp.
ITEM 7. EXHIBITS
Exhibit 99.1 Ninth Amendment dated as of June 26, 2003 to the Audiovox
Corporation Fourth Amended and Restated Credit Agreement
Exhibit Index on Page 2
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AUDIOVOX CORPORATION
Dated: July 1, 2003 By:s/ Charles M. Stoehr
-------------------------------
Charles M. Stoehr
Senior Vice President
and Chief Financial Officer
Exhibit Index on Page 2
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