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You are here: Home / Archives for Management

Management

Voxx Tells the SEC Its Latest Quarterly Report Will Be Late; Sets Severance for Key Execs

January 21, 2025 by Ted Leave a Comment

Voxx Int'l headquarters building

Voxx International Corporation (Nasdaq: VOXX) has filed papers with the Securities and Exchange Commission (SEC) informing them that the company will be late in filing its latest Quarterly Report. It has separately notified the SEC of new “Compensatory Arrangements” with certain officers of the company. The subject of the first filing is a regular Quarterly Earnings report – which is mandated by securities regulations. The delayed report Voxx is referring to is its normal earnings report for the quarter ending November 30, 2024.

The second filing – a Form 8-K – details certain changes to the employment agreements of CEO/President Pat Lavelle, Senior VP/COO/CFO Lorianne Shelton, and Senior VP/Treasurer Charles M. Stoehr.

See why Voxx is delaying the filing of its SEC-required Quarterly report

[Read more…] about Voxx Tells the SEC Its Latest Quarterly Report Will Be Late; Sets Severance for Key Execs

Filed Under: Financial, Management, Manufacturers Tagged With: Gentex, Lorianne Shelton, Pat Lavelle, Voxx International

After Year-and-a-Half Fight, All Claims are Dismissed in Snap One vs AVA

January 16, 2025 by Ted Leave a Comment

Graphic showing AVA, Josh.ai, and Snap One

Snap One vs Josh.ai Lawsuit Continues

Strata-gee has learned that the U.S. District Court in the District of Utah has granted a Joint Motion to Dismiss all claims between Snap One, LLC (now part of Resideo) and AVA, Inc. The motion is the result of a negotiated settlement between the parties. This solves one-half of a lawsuit originally filed in August 2023 between Snap One, LLC (plaintiff) versus AVA, Inc. (defendant), and Josh.ai, Inc. (defendant).

Josh.ai is not part of this settlement so that case carries on.

Learn more about the settlement between Snap One and AVA

[Read more…] about After Year-and-a-Half Fight, All Claims are Dismissed in Snap One vs AVA

Filed Under: Law, Management, News, Pivot Point Tagged With: Alex Capecelatro, AVA, Josh.ai, Snap One, Ted Haeger

Now Part of Bose, McIntosh Group Terminates Independent Sales Reps

January 15, 2025 by Ted 15 Comments

Image of McIntosh and Bose products

In the wake of its acquisition by Bose last November, I have learned that there has been a significant shift in McIntosh’s go-to-market strategy. Multiple sources are reporting that McIntosh Group has terminated all independent manufacturer sales representatives. This move appears to contradict statements made by a Bose executive during the original announcement of its acquisition of McIntosh in November.

Learn more about McIntosh terminating its sales representatives

[Read more…] about Now Part of Bose, McIntosh Group Terminates Independent Sales Reps

Filed Under: Dealers, Feature, Management, Manufacturers, News, Strategy Tagged With: Bose, McIntosh

AVPro Global Selects Loel Wheeler for Murideo VP of Sales

January 14, 2025 by Ted Leave a Comment

Loel Wheeler new head of Murideo for AVPro Global

AVPro Global Holdings LLC, a company holding a diversified portfolio of top custom integration brands, such as AudioControl Pro, Murideo, Bullet Train, and more announced on Monday that it has selected Loel Wheeler to be its Vice President of Sales for Murideo – the company’s testing and measurement tools division.

Learn more about Loel Wheeler as VP of Sales at Murideo

[Read more…] about AVPro Global Selects Loel Wheeler for Murideo VP of Sales

Filed Under: Management, Manufacturers, News, People, Sales Tagged With: AVPro Global, Murideo

Sonos CEO Patrick Spence is Out; Board Names Tom Conrad as Interim CEO

January 13, 2025 by Ted Leave a Comment

Patrick Spence, Sonos now ex-CEO

In a move I have been anticipating for weeks, the Sonos Board has finally made a move and dismissed Patrick Spence as CEO as of this morning, Monday, January 13, 2025. The company has named a member of the Board – Tom Conrad – as an interim CEO, while a search has been launched for its next CEO.

See more on the exit of Spence as Sonos CEO

[Read more…] about Sonos CEO Patrick Spence is Out; Board Names Tom Conrad as Interim CEO

Filed Under: Feature, Management, Manufacturers, News, People, Strategy Tagged With: Patrick Spence, Sonos

CES 25 – Premium Audio Co Launches New Onkyo Icon Series Amps & Preamp

January 9, 2025 by Ted Leave a Comment

New components from Onkyo

Premium Audio Company (PAC), a division of Gentex Corp. that oversees the Onkyo, Integra, and Klipsch audio gear, has launched an interesting new series of electronics including an amplifier, preamplifier, and integrated amplifier at CES 2025 taking place in Las Vegas, Nevada this week. This new series is called the Onkyo Icon Series, a line of high-fidelity electronics that the company says is “a bold step forward in the brand’s evolution.”

Learn more about the all-new Onkyo Icon Series

[Read more…] about CES 25 – Premium Audio Co Launches New Onkyo Icon Series Amps & Preamp

Filed Under: Management, Manufacturers, News, Products, Shows & Events Tagged With: Onkyo, Premium Audio Company

At CES 2025 LG Goes Deep on AI; Sees Dollar Signs for ‘Space as a Service’

January 9, 2025 by Ted 2 Comments

The LG press conference at CES 25 focused on AI

Much like the last few years, exhibitors at the Consumer Electronics Show (CES) in Las Vegas have largely focused on advances in artificial intelligence (AI). All major manufacturers spoke to it…none more deeply than LG, whose 45-minute press conference began with AI…ended with AI…and had a lot of AI in the middle.

See more on how LG envisions AI’s transformation of Tech

[Read more…] about At CES 2025 LG Goes Deep on AI; Sees Dollar Signs for ‘Space as a Service’

Filed Under: Consumer Trends, Feature, Management, Manufacturers, Marketing, News, Shows & Events, Strategy, Tech Trends, Technology Tagged With: affectionate intelligence, AI, artificial intelligence, LG

Was Tech Good for Investors in 2024? Let’s See…

January 3, 2025 by Ted Leave a Comment

S&P 500 stock chart for 2024

So the book is now closed on 2024 and…good or bad…it certainly was a consequential year for our industry. And while in the wake of all of that, we in the industry try to sort out what new challenges and opportunities 2025 brings…how did investors fare last year?

See how investors in select tech companies prospered (or didn’t) in 2024

[Read more…] about Was Tech Good for Investors in 2024? Let’s See…

Filed Under: Feature, Financial, Management, News Tagged With: investing, S&P 500, stock market

Fast Growing Nationwide Mktg Grp CI Div – Working the Plan Because the Plan is Working

December 23, 2024 by Ted Leave a Comment

Teams meeting with Nationwide CI Division executives

Part 1 of 2 – 2024 Progress in Executing Custom Integration Growth Plan

It was March of 2023 when I began picking up on the buzz that something big was in the works in the buying group world. At the Spring members conference of Azione Unlimited, which had been acquired by and was now part of Nationwide Marketing Group, President and founder Richard Glikes introduced Azione members to a new initiative called the “Drive to 1,000.” Although not a lot of details were discussed at this event, clearly something big was in the works.

Now, a little over a year later, I met with the entire management team of Nationwide’s Custom Integration Group, including Andy Orozco (Nationwide Senior Vice President of Custom Integration), Patrick McCarthy (Executive Director of Azione Unlimited), Hank Alexander (Executive Director of Oasys Residential Technology Group) and Chris Whitley (Executive Director of Ellipsys Commercial Technology Group) to take stock of just what has transpired over the last year or so with the new, expanded family of groups that are all under the Nationwide Marketing Group umbrella.

Read more on Nationwide Marketing Group’s progress in the CI channel

[Read more…] about Fast Growing Nationwide Mktg Grp CI Div – Working the Plan Because the Plan is Working

Filed Under: Buying Groups, Feature, Integrators, Management, News, Strategy Tagged With: Andy Orozco, Azione Unlimited, Chris Whitley, Ellipsys, Hank Alexander, Nationwide Marketing Group, Oasys, Patrick McCarthy

Gentex to Acquire Voxx Intl for $7.50/Share

December 18, 2024 by Ted Leave a Comment

Image from Gentex website
Irony – talking about the future while looking in the rearview mirror

Long rumored and now confirmed, Gentex Corporation (Nasdaq: GNTX), an approximately $2.4 billion supplier of largely automotive-related products, announced this morning that it has agreed to acquire Voxx International (Nasdaq: VOXX) in an all-cash transaction valued at $7.50 per share. The transaction covers all Voxx divisions, including the newly shrunk Premium Audio Company that holds just three audio brands – Onkyo, Klipsch, and Integra.

Learn more on the acquisition of Voxx Int’l by Gentex Corp

[Read more…] about Gentex to Acquire Voxx Intl for $7.50/Share

Filed Under: Feature, Financial, Management, Manufacturers, News, Strategy

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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