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

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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

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Now Part of Bose, McIntosh Group Terminates Independent Sales Reps

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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

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AVPro Global Selects Loel Wheeler for Murideo VP of Sales

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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

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

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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

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

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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

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

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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

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Savant Partners with Top Solar Provider Sunder Energy to Make Solar Smart

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Savant app on tablet and smartphone

I first heard about Savant’s interest in energy for the home back in 2018 when a company representative walked me through the Racepoint Energy booth at CEDIA Expo 2018. Racepoint Energy was a sister company to Savant and the two were partnering on creating new concepts in automating, monitoring, and controlling power as part of a smart home system. Ultimately, the two companies would merge to become Savant Power which turbocharged the development of deeper integration and automation of energy solutions for the now smarter smart home.

Now, Savant is partnering with Sunder Energy to provide smart solar power…

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Gentex to Acquire Voxx Intl for $7.50/Share

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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

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Procella Audio Appoints Tom Gandulla U.S. Director of Sales

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Procella Audio logo

Procella Audio BV, a manufacturer of high-performance speakers for residential and commercial cinemas, announced on Tuesday that it has appointed well-known industry executive Tom Gandulla as its U.S. Director of Sales. Gandulla’s appointment was announced by Procella’s USA Managing Director Chuck Back.

See more on the Procella Audio appointment of Tom Gandulla

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Masimo Responds to ‘Speculative Articles’ on Sound United

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Marantz Grand Horizon speaker from the Masimo Sound United group
Marantz’s just launched Grand Horizon loudspeaker [Click to enlarge]

‘Discontinued Operation’ is a Financial Reporting Designation

Late Tuesday, Masimo’s communications team reached out to Strata-gee to provide a statement designed to counter or otherwise address unspecified “speculative articles” on the recent pronouncement from Masimo CFO Micah Young that the Sound United division may end up being treated as a “discontinued operation” if the Board decides not to spin it off as a publicly-traded company.

Why are people speculating about that? Read on…

See more on the Sound United ‘Discontinued Operation’ controversy

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