Universal Electronics appoints Raymond Ho as interim CFO and principal officer

Universal Electronics Inc. (NASDAQ:UEIC) announced the appointment of Sui Man Ho, also known as Raymond Ho, as Interim Chief Financial Officer, principal financial officer, and principal accounting officer, effective immediately. The decision was made unanimously by the company’s board of directors on September 12.

Raymond Ho, age 53, has served as Senior Vice President, Finance at Universal Electronics since May 2025. He joined the company in April 2011 as Chief Financial Officer for Asia, was promoted to Senior Vice President, Chief Financial Officer for Asia in May 2018, and became Senior Vice President, Finance for Global Operations in September 2022. Ho joins at a crucial time when the company maintains a healthy current ratio of 1.62 and operates with a moderate debt-to-equity ratio of 0.28, as revealed by InvestingPro data.

Before joining Universal Electronics, Ho was Chief Financial Officer at Yau Lee Holdings Limited (HKEX:406) from June 2008 to March 2011. His earlier roles include Regional Senior Audit Manager, Regional Audit Director, and Regional Financial Controller at American Standard Companies and Trane (NYSE:TT). He also worked at Arthur Andersen & Co. as a staff accountant and at PricewaterhouseCoopers as a senior manager.

Ho is a Certified Public Accountant in Hong Kong, a fellow member of the Chartered Association of Certified Accountants, and an associate member of the Chartered Institute of Management Accountants. He holds a Bachelor of Business Administration with a major in Accountancy and minor in Computer Science, and a Master of Business Administration from the Chinese University of Hong Kong.

There are no arrangements or understandings with any other person regarding his selection as an officer, and Ho has no family relationships with any company directors or executive officers. The company stated that Ho has no material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.

In connection with his appointment, Ho’s base salary will be increased to $341,250, a 5% increase, and his target bonus will be $25,000, subject to performance objectives. Universal Electronics expects to enter into its standard indemnification agreement with Ho.

This information is based on a press release statement filed with the Securities and Exchange Commission.

In other recent news, Universal Electronics reported its second-quarter financial results for 2025, exceeding earnings expectations. The company achieved an earnings per share of $0.18, surpassing the projected $0.08, representing a 125% surprise. Revenue came in at $97.7 million, slightly above the anticipated $95.13 million. Despite this positive earnings report, the company has faced downgrades from analysts. B.Riley downgraded Universal Electronics from Buy to Neutral, citing a weak outlook and adjusting its price target to $5.00 from $14.00. Similarly, Rosenblatt Securities downgraded the company to Neutral, with a price target of $8.00, pointing to concerns about inconsistent revenue growth. These developments reflect a challenging environment for Universal Electronics, despite some areas of growth.

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