Brief: Voxx International And Seaguard Entered Into A Settlement And Mutual Release On December 2023
02/01/2024 22:13
Jan 2 (Reuters) - VOXX International Corp VOXX.O :
* VOXX INTERNATIONAL - ON DEC 22, 2023, CO & SEAGUARD
ENTERED INTO
A SETTLEMENT AGREEMENT AND MUTUAL RELEASE, WITH AN EFFECTIVE
DATE OF JANUARY 10, 2024
* VOXX INTERNATIONAL - IN AGREEMENT, CO AGREED TO PAY
SEAGUARD
$42,000,000 IN FULL AND FINAL SETTLEMENT
* VOXX INTERNATIONAL - INITIAL PAYMENT OF $10 MILLION MADE
ON DEC
27, 2023 & FINAL PAYMENT OF $32 MILLION IS DUE ON AGREEMENT
EFFECTIVE DATE OF JAN 10, 2024
Further company coverage: VOXX.O
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