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Subsequent Events
12 Months Ended
Jun. 30, 2012
Subsequent Events

Note 24 – Subsequent Events

Amendment to Revolving Credit Facility

Effective July 2, 2012, we and Harman KG, entered into the Second Amendment to the Credit Agreement (the “Second Amendment”), with a group of banks. The Second Amendment amends the Credit Agreement by, among other things: (a) allowing us and our subsidiaries to enter into certain internal legal entity restructuring transactions subject in certain circumstances to various conditions, (b) in connection with such internal legal entity restructuring transactions, providing for the release of certain security interests created by the Guarantee and Collateral Agreement, and (c) making certain other amendments to facilitate the foregoing.

Dividend Declaration

On August 10, 2012, we declared a cash dividend of $0.15 per share for the quarter ended June 30, 2012. The quarterly dividend will be paid on September 4, 2012 to each stockholder of record as of the close of business on August 20, 2012.

Shares Repurchased

Between July 1, 2012 through August 10, 20102, we repurchased 129,966 shares of our common stock at a total cost of $4.8 million in connection with our share buyback program.