UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): January 29, 2007
AUDIOVOX CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-28839
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(State or other jurisdiction of incorporation) (Commission File Number)
13-1964841
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(I.R.S. Employer Identification No.)
180 Marcus Blvd., Hauppauge, New York 11788
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Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (631) 231-7750
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 file
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(e))
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ITEM 2.01COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
On December 21, 2006, Audiovox Corporation ("Audiovox") entered into a
definitive agreement to acquire Thomson's Americas consumer electronics
accessory business as well as rights to the RCA brand for consumer electronics
accessories.
On January 29, 2007, Audiovox completed its acquisition of Thomson's Americas
consumer electronics accessory business for a total purchase price of
approximately $59 million, which includes the working capital adjustment. The
acquisition includes the rights to the RCA brand for consumer electronics
accessories as well as the Recoton, Spikemaster, Ambico and Discwasher brands
for use on any products and the Jensen, Advent, Acoustic Research and Road Gear
brands for accessory products.
There was no material relationship between Audiovox and Thomson prior to the
purchase of the Thomson Americas consumer electronics accessory business.
A press release relating to the completion of this acquisition is furnished as
Exhibit 99.1 attached hereto.
The information furnished under Item 2.01 shall not be deemed to be filed for
the purposes of Section 18 of the Securities Exchange Act of 1934, as amended,
and will not be incorporated by reference into any registration statement filed
under the Securities Act of 1933, as amended, unless specifically identified
therein as being incorporated therein by reference.
ITEM 9.01(D). EXHIBITS
EXHIBIT NO. DESCRIPTION
99.1 Press Release dated January 29, 2007 by Audiovox Corporation
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 thereunto duly authorized.
AUDIOVOX CORPORATION (Registrant)
Date: January 29, 2007 BY:/s/ Charles M. Stoehr
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Charles M. Stoehr
Senior Vice President and
Chief Financial Officer
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