VOXX International Corp – ‘8-K’ for 4/15/03

On:  Wednesday, 4/16/03, at 12:20pm ET   ·   For:  4/15/03   ·   Accession #:  807707-3-10   ·   File #:  1-09532

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         4Q Press Release                                       5     17K 

Document Table of Contents

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

 Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):            April 15, 2003     
                                                        --------------

AUDIOVOX CORPORATION
------------------------------------------------------------------------------- 
(Exact name of registrant as specified in its charter)

DELAWARE                  0-28839               13-1964841    
----------------------------    ------------          ------------------------  
(State or other jurisdiction    (Commission            (I.R.S. Employer         
 of Incorporation or             File Number)             Identification Number)
organization)                                                                 

150 Marcus Boulevard, Hauppauge, New York                   11788               
------------------------------------------------------------------------------- 
(Address of principal executive offices)                     (Zip Code)         

Registrant's telephone number, including area code:         (631) 231-7750      
                                                        ----------------

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Item 5.  Other Events.                                                          
------------                                                  

     Attached as Exhibit 99.1 is a copy of a press release dated April 15, 2003.

Forward Looking Statements Warning                                              

     Except for historical information contained herein, statements made in this
release that would  constitute  forward-looking  statements may involve  certain
risks and uncertainties. All forward looking statements made in this release are
based  on  currently   available   information   and  the  company   assumes  no
responsibility  to update  any such  forward-looking  statement.  The  following
factors,  among others,  may cause actual results to differ  materially from the
results suggested in the forward- looking statements.  The factors include,  but
are not  limited  to:  risks that may result  from our ability to keep pace with
technological  advances;  significant  competition  in the wireless,  mobile and
consumer  electronics  businesses;  quality  and  consumer  acceptance  of newly
introduced products; our relationships with key suppliers and customers;  market
volatility;  non-availability  of product;  excess inventory;  price and product
competition;  new product introductions;  the possibility that the review of our
prior filings by the SEC may result in changes to our financial statements;  the
possibility  that our failure to timely file our annual  report on Form 10-K for
the fiscal year ended November 30, 2002 and potentially our quarterly  report on
Form 10-Q for the quarter ended February 28, 2003 will result in a determination
that we are subject to delisting from the Nasdaq Stock Market;  the  possibility
that the  Nasdaq  will  decline  our  request  for  continued  listing;  and the
possibility that stockholders or regulatory authorities may initiate proceedings
against  Audiovox  and/or  our  officers  and  directors  as  a  result  of  any
restatements  that may be  required  as a result  of the  resolution  of the SEC
comment letter. Risk factors associated with our business, including some of the
factors set forth herein, are detailed in the Company's Form 10-Q for the fiscal
third quarter ended August 31, 2002 and other documents filed with the SEC.     

Item 7(c). Exhibit                                                              

  Exhibit 99.1 Press Release of Audiovox Corporation dated April 15, 2003.

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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: April 16, 2003               By: s/Charles M. Stoehr                     
                                        ----------------------------------------
                         Charles M. Stoehr
                                 Senior Vice President and
                                   Chief Financial Officer

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 EXHIBIT INDEX

Exhibit No.       Description                                                   

Exhibit 99.1      Press Release of Audiovox Corporation dated April 15, 2003    

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FOR IMMEDIATE RELEASE                                                           

 Audiovox Corporation to File Quarterly Report on Form 10-Q Late

HAUPPAUGE,  N.Y., April 15 /PRNewswire/ -- Audiovox Corporation (Nasdaq:  VOXXE)
today announced that it would not timely file its Form 10-Q for the fiscal first
quarter ended February 28, 2003.                                                

As  previously  announced,  the company has not filed its Annual  Report on Form
10-K for the fiscal year ended November 30, 2002 due to the Company's continuing
effort to respond to and clarify matters raised in comment letters received from
the  Securities  and  Exchange  Commission  (SEC)  on prior  Form  10-K and 10-Q
filings.  Inasmuch as the comments  raised have not yet been resolved,  Audiovox
will not be in a position to timely file its  quarterly  report on Form 10-Q and
earlier today, filed Form 12b-25, indicating the delayed filing of the Form 10-Q
for the 2003 fiscal first  quarter.  While the Company can give no assurances as
to when the matters will be resolved, the Company has devoted, and will continue
to devote,  significant time and resources to expedite the resolution of the SEC
comment letter and make the SEC filings.                                        

The  company's  hearing  before  the  Nasdaq  Listing  Qualification  Panel  for
continued listing has been scheduled for Thursday,  April 24, 2003. There can be
no assurance that the Nasdaq panel will grant  Audiovox's  request for continued
listing.                                                                        

Audiovox  Corporation  is an  international  leader in the marketing of cellular
telephones,  mobile security and entertainment systems, and consumer electronics
products. The Company conducts its business through two subsidiaries and markets
its products both domestically and internationally under its own brands. It also
functions  as an OEM  (Original  Equipment  Manufacturer)  supplier  to  several
customers.  For  additional  information,  please  visit  Audiovox on the Web at
http://www.audiovox.com .                                                       

Audiovox Safe Harbor                                                            

Except for historical  information  contained  herein,  statements  made in this
release that would  constitute  forward-looking  statements may involve  certain
risks and uncertainties. All forward-looking statements made in this release are
based  on  currently   available   information   and  the  company   assumes  no
responsibility  to update  any such  forward-looking  statement.  The  following
factors,  among others,  may cause actual results to differ  materially from the
results suggested in the forward-looking  statements.  The factors include,  but
are not  limited  to:  risks that may result  from our ability to keep pace with
technological  advances;  significant  competition  in the wireless,  mobile and
consumer  electronics  businesses;  quality  and  consumer  acceptance  of newly
introduced products; our relationships with key suppliers and customers;  market
volatility;  non-availability  of product;  excess inventory;  price and product
competition;  new product introductions;  the possibility that the review of our
prior filings by the SEC may result in changes to our financial statements;  the
possibility  that our failure to timely file our annual  report on Form 10-K for
the fiscal year ended November 30, 2002 and potentially our quarterly  report on
Form  10-Q  for  the  quarter  ended   February  28,.  2003  will  result  in  a
determination that we are subject to delisting from the Nasdaq Stock Market; the
possibility that the Nasdaq will decline our request for continued listing;  and
the  possibility  that  stockholders  or  regulatory  authorities  may  initiate
proceedings  against  Audiovox  and/or our officers and directors as a result of
any  restatements  that may be required as a result of the resolution of the SEC
comment letter. Risk factors associated with our business, including some of the
factors set forth herein, are detailed in the Company's Form 10-Q for the fiscal
third quarter ended August 31, 2002 and other documents filed with the SEC.     

Company Contacts:                                                               
C. Michael Stoehr, SVP and CFO - (631) 231-7750                                 

Glenn Wiener, Investor and Financial Media Relations -(212)579-2255             

Exhibit 99.1

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		4/24/03		5
Filed on:		4/16/03		3
For Period End:		4/15/03		1		4			NT 10-Q
		2/28/03		2		5			10-Q,  NT 10-Q
		11/30/02		2		5			10-K,  10-K/A,  NT 10-K
		8/31/02		2		5			10-Q,  NT 10-Q
									List all Filings