On October 26, 2016, Paul J.M. Bennett, Executive Vice President - Managing Director EMEA entered into an agreement with Universal Electronics BV (UEBV"), a wholly owned subsidiary of Universal Electronics Inc. (UEI") commencing his orderly retirement from the UEI companies. Mr. Bennett will continue to serve the UEI companies in his current capacity until his successor has been named. Once his successor has been named, he will cease being an executive officer of the UEI companies and will also cease being a Section 16 reporting person of UEI. Thereafter, Mr. Bennett will continue his employment as a non-executive employee of the UEI companies providing assistance to UEI's Chief Executive Officer (CEO") and other executive officers on special projects until June 30, 2019. On November 1, 2016, Louis S. Hughes was promoted to the position of Chief Operating Officer of UEI, reporting directly to UEI's CEO. He will continue with his direct reports and overall responsibilities in the Americas and will assume responsibilities of UEI's EMEA and APAC regions. In addition, he and Mr. Bennett will work together during the search for Mr. Bennett's successor and once that successor has been named, Mr. Hughes will assume all direct reports, including Mr. Bennett's successor, within the EMEA region. Mr. Hughes joined UEI in 2005 as General Manager of Simple Devices Inc., as part of UEI's acquisition of Simple Devices in that same year. From 2008 to 2011, he was UEI's Vice President Corporate Development. From 2011 to 2014, he was the Company's Senior Vice President - Americas. From 2015 to November 1, 2016, he was UEI's Executive Vice President - Americas when he was promoted to his current position. Prior to joining UEI, Mr. Hughes co-founded SimpleDevices Inc. and Supplybase.