On April 22, 2020, Universal Technical Institute, Inc. (the “Company”) issued a press release providing a business update regarding recent events related to the COVID-19 pandemic. In the press release, the Company also announced the withdrawal of its fiscal 2020 financial guidance due to the economic uncertainty resulting from the COVID-19 pandemic, as well as the details of its upcoming fiscal second quarter earnings conference call. The Company is not providing updated financial guidance at this time. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated herein by reference.

The information set forth under this Item 7.01 and in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

UNIVERSAL TECHNICAL INSTITUTE INC Exhibit
EX-99.1 2 ex991-updateandearningsdat.htm EXHIBIT 99.1 Exhibit                                                             Exhibit 99.1Universal Technical Institute Provides Business and COVID-19 UpdateFiscal Year 2020 Second Quarter Results Release and Conference Call Scheduled for May 7,…
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About UNIVERSAL TECHNICAL INSTITUTE, INC. (NYSE:UTI)

Universal Technical Institute, Inc. is a provider of postsecondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians as measured by total average undergraduate full-time enrollment and graduates. The Company offers undergraduate degree or diploma programs at approximately 12 campuses across the United States under the banner of various brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (collectively, MMI) and NASCAR Technical Institute (NASCAR Tech). The Company also offers manufacturer specific advanced training (MSAT) programs, including student-paid electives, at its campuses and manufacturer or dealer sponsored training at certain campuses and dedicated training centers. UTI offers automotive, diesel and industrial, and collision repair and refinishing programs.