SUMMARY

This summary highlights selected information from this Information Statement with respect to the proposed merger of Upton Merger Sub I, Inc., a Michigan corporation, which we refer to in this Information Statement as “Merger Sub,” with and into LINC Logistics Company, a Michigan corporation, which we refer to in this Information Statement as “LINC,” with LINC as the surviving entity, and promptly thereafter the merger of LINC with and into Upton Merger Sub II, LLC, a Michigan limited liability company, which we refer to in this Information Statement as “Merger Sub, LLC,” with Merger Sub, LLC as the surviving entity, and the Merger Agreement (as defined below). In this Information Statement we refer to the foregoing mergers collectively as the “merger.” This summary may not contain all of the information that is important to you. To understand the merger fully and for a more complete description of the legal terms of the Merger Agreement and the related agreements, you should carefully read this entire Information Statement. You should also read Universal’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011 (attached hereto as Annex D) and its Quarterly Report on Form 10-Q for the fiscal period ended June 30, 2012 (attached hereto as Annex E). Please see “Where You Can Find More Information” beginning on page 150. We have included references to other portions of this Information Statement to direct you to a more complete description of the topics presented in this summary, which you should review carefully in their entirety.

The Companies (Page 37)

Universal

Universal is a publicly traded Michigan corporation, whose common shares, no par value, which we refer to in this Information Statement as Universal “common stock,” are traded on The NASDAQ Global Select Market. Universal is primarily an asset-light provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. Its over-the-road trucking services include both flatbed and dry van operations and it provides rail-truck and steamship-truck intermodal support services. Universal also offers truck brokerage services, which allows it to supplement its capacity and provide its customers with transportation of freight by using third party capacity, as well as full service international freight forwarding and customs house brokerage services.

Universal conducts its operations through its wholly-owned operating subsidiaries under the brand names Universal Am-Can, Ltd., Mason & Dixon Lines, Inc., Louisiana Transportation Inc., Mason Dixon Intermodal, Inc., Economy Transport, Inc., Great American Lines, Inc., Universal Logistics Solutions, Inc., Universal Logistics Solutions International, Inc., and Cavalry Transportation, LLC.

Merger Sub

Merger Sub was formed as a Michigan corporation by Universal solely for the purpose of completing the transactions contemplated by the Merger Agreement. Merger Sub is a wholly-owned subsidiary of Universal and has not carried on any activities to date, except for activities incidental to its incorporation and activities undertaken in connection with the transactions contemplated by the Merger Agreement.

Merger Sub, LLC

Merger Sub, LLC was formed as a Michigan limited liability company by Universal solely for the purpose of completing the transactions contemplated by the Merger Agreement. Merger Sub, LLC is a wholly-owned subsidiary of Universal and has not carried on any activities to date, except for activities incidental to its formation and activities undertaken in connection with the transactions contemplated by the Merger Agreement.

LINC Logistics Company

LINC is a Michigan corporation that is a leading provider of custom-developed third-party logistics solutions that LINC believes allow its customers and clients to reduce costs and manage their global supply chains more efficiently. LINC offers a suite of supply chain logistics services, including value-added, transportation and specialized services, through 43 locations in the United States, Canada and Mexico. Historically, LINC’s largest end-market has been the automotive segment.

The Merger (Page 38)

On July 25, 2012, we entered into an Agreement and Plan of Merger, which we refer to in this Information Statement as the “Merger Agreement,” with LINC, Merger Sub, Merger Sub, LLC, Matthew T. Moroun, Matthew T. Moroun as Trustee of the MJ Moroun 2012 Annuity Trust dated April 30, 2012, which we refer to in this Information Statement as the “Annuity Trust,” Manuel J. Moroun, in his capacity as Trustee of the Manuel J. Moroun Revocable Trust U/A dated March 24, 1977, as amended and restated on December 22, 2004, which we refer to in this Information Statement as the “MJM Revocable Trust,” Matthew T. Moroun, in his capacity as agent and attorney-in-fact for the shareholders of LINC, and Manuel J. Moroun, solely with respect to certain sections of the Merger Agreement. We refer to Messrs. Moroun and the MJM Revocable Trust as the “Moroun family” in this Information Statement. The merger will be effectuated pursuant to the terms of the Merger Agreement. At the effective time of the merger of Merger Sub with and into LINC, each outstanding voting common share, no par value, of LINC, which we refer to in this Information Statement as “LINC common stock,” will be converted into the right to receive consideration consisting of 0.700 of a share of Universal common stock and cash in lieu of fractional shares (which cash in lieu of fractional shares is expected to aggregate to less than $30.00). This will result in the issuance of approximately 14.5 million shares, valued at approximately $182 million based on Universal’s closing stock price as of July 25, 2012. It is anticipated that Messrs. Moroun and their affiliated trusts will own approximately 82%, and Universal’s current shareholders, other than the Moroun family, will own approximately 18% of the outstanding common stock of Universal following the completion of the merger.

The exchange ratio of 0.700 of a share of Universal common stock in exchange for each share of LINC common stock is a fixed exchange ratio, which means that it will not adjust for any changes in the stock price of Universal prior to the closing of the merger. As a result, if the price of Universal common stock increases prior to the closing of the merger, the value of the shares issued to the LINC shareholders will increase, but Universal will not receive the benefit of any price adjustment; similarly, any decline in the value of Universal’s common stock will be to the detriment of the LINC shareholders.

Following the closing of the merger, Scott Wolfe (LINC’s current Chief Executive Officer) is expected to become the Chief Executive Officer of Universal, Don Cochran (Universal’s current Chief Executive Officer and President) is expected to remain President of Universal and to become the Vice Chairman of Universal, David Crittenden (LINC’s current Chief Financial Officer) is expected to become the Chief Financial Officer of Universal, and Robert Sigler (Universal’s current Chief Financial Officer) is expected to become the Executive Vice President of Universal.

Financing of the Merger (page 77).

It is a condition to the closing of the merger that Universal obtain new financing of between $200,000,000 and $220,000,000. On August 30, 2012, Universal entered into a new credit agreement with and among the lenders parties thereto and Comerica Bank, as administrative agent, arranger, and documentation agent, providing for aggregate borrowing facilities of up to $220,000,000. Pursuant to the new credit agreement, the lenders thereunder shall not be obligated to make any advances or loans under the new credit agreement until all conditions precedent have been satisfied, including that all conditions to consummate the merger have been

satisfied. The new credit agreement consists of a $110,000,000 revolving credit facility (which amount may be increased by up to $20,000,000 upon request of Universal and approval of the lenders), a $60,000,000 equipment credit facility, and a $50,000,000 term loan. Borrowings under the revolving credit facility may be made until, and mature on, August 28, 2017. Borrowings under the equipment credit facility may be made until August 28, 2015 and such borrowings made in any year shall be repaid in 28 quarterly installments beginning on April 1 of the year after the applicable borrowing was made. Borrowings under the term loan facility shall be made on the closing date of the merger and shall mature on August 28, 2017. Based on Universal’s and LINC’s outstanding indebtedness and dividends payable at June 30, 2012, Universal would expect to borrow approximately $150.1 million under the new credit agreement and use the proceeds for the following: (i) to pay off LINC’s outstanding indebtedness to lenders totaling $57.8 million, (ii) to pay off $22.5 million of a dividend payable to affiliates of Messrs. Moroun, (iii) to pay off a $25.0 million Dividend Distribution Promissory Note to an affiliate of Messrs. Moroun, (iv) to pay off an aggregate $45.0 million promissory notes to LINC’s current shareholders, and (v) to pay an estimated $1.3 million of debt issuance costs. On the closing date of the merger, the LINC shareholders shall cause DIBC Investments Inc. to repay a $5.0 million promissory note owed to LINC, which together with the approximately $150.1 million of expected borrowings under the new credit agreement and the use of $151.6 million of proceeds described above will result in a net increase of pro forma cash for Universal of $3.5 million. Universal may also borrow additional amounts under the new credit agreement to refinance any outstanding amounts under Universal’s existing credit facility.

Approval of the Universal Board of Directors and Special Committee (page 49).

The terms of the Merger Agreement were negotiated and considered by a special committee, which we refer to in this Information Statement as the “Special Committee,” comprised entirely of independent and disinterested members of Universal’s Board of Directors, which we refer to in this Information Statement as the “Board.” The Special Committee unanimously recommended that the Board adopt the Merger Agreement and approve the transactions contemplated thereby, including the issuance of shares of common stock of Universal in accordance with the Merger Agreement. The Board, with Messrs. Moroun recusing themselves, acting upon the unanimous recommendation of the Special Committee, adopted the Merger Agreement and approved the transactions contemplated thereby including the issuance of shares of common stock of Universal in accordance with the Merger Agreement. For additional information, see the section captioned “Background of the Merger” beginning on page 38 of the Information Statement.

NASDAQ Shareholder Approval Requirement.

Universal’s common stock is listed on The NASDAQ Global Section Market. Pursuant to NASDAQ Listing Rule 5635(a), the affirmative vote or written consent of the holders of a majority of the issued and outstanding shares of common stock of Universal is required to issue shares with voting power equal to or in excess of 20% of the voting power of the shares outstanding before such issuance or equal to or more than 20% of the number of shares outstanding before such issuance. Accordingly, the issuance of shares of Universal common stock in connection with the merger will require shareholder consent. On July 26, 2012, the Moroun family executed a written consent authorizing the issuance of shares of Universal common stock in connection with the merger in accordance with NASDAQ Listing Rule 5635(a). Because the Moroun family owns approximately 65% of the issued and outstanding shares of common stock of Universal, no further action by any other shareholder of Universal is required to approve the issuance of shares of common stock. There is no requirement under Michigan law requiring consent of the shareholders of Universal to the merger.

Reasons for the Merger (page 49).

In making its decision to recommend that the Universal Board of Directors adopt the Merger Agreement and approve the merger and the other transactions contemplated by the Merger Agreement, the Special Committee

considered the factors described in the section of this Information Statement entitled “The Merger—Reasons for the Merger” beginning on page 49 of this Information Statement. The Universal Board of Directors, with Messrs. Moroun recusing themselves, acting upon the unanimous recommendation of the Special Committee and taking into account the factors considered by the Special Committee, adopted the Merger Agreement and approved the merger and the other transactions contemplated by the Merger Agreement.

Opinion of the Special Committee’s Financial Advisor (page 53).

On July 25, 2012, the Special Committee’s financial advisor, Evercore Group L.L.C., who we refer to in this Information Statement as “Evercore,” delivered its oral opinion to the Special Committee, which opinion was subsequently confirmed by delivery of a written opinion dated July 25, 2012, to the effect that, as of such date and based upon and subject to the factors, procedures, assumptions, qualifications and limitations set forth in its opinion, the exchange ratio pursuant to the Merger Agreement was fair, from a financial point of view, to Universal.

The full text of the written opinion of Evercore, dated as of July 25, 2012, which sets forth, among other things, the procedures followed, assumptions made, matters considered and qualifications and limitations on the scope of review undertaken in rendering its opinion, is attached as Annex B to this Information Statement and is incorporated by reference in its entirety into this Information Statement. You are urged to read this opinion carefully and in its entirety. Evercore’s opinion was addressed to, and provided for the information and benefit of, the Special Committee in connection with its evaluation of the exchange ratio from a financial point of view and did not address any other aspects or implications of the merger. The opinion does not constitute a recommendation to the Special Committee or to any other persons in respect of the merger, including as to how any holder of shares of the Universal common stock should act in respect of the Universal share issuance. Evercore’s opinion does not address the relative merits of the merger as compared to other business or financial strategies that might be available to Universal, nor does it address the underlying business decision of Universal to engage in the merger. The summary of the Evercore opinion set forth herein is qualified in its entirety by reference to the full text of the opinion included as Annex B.

Interests of Executive Officers and Directors of Universal in the Merger (page 73)

Messrs. Moroun are directors of Universal and beneficially own, in the aggregate, approximately 65% of the outstanding common stock of Universal. Messrs. Moroun also beneficially own, in the aggregate, 100% of the common stock of LINC and are directors of LINC. After the completion of the merger, Messrs. Moroun will beneficially own, in the aggregate, approximately 82% of Universal’s outstanding shares of common stock. In connection with the transactions described herein, Messrs. Moroun and entities they control will receive cash in an aggregate amount of $92.5 million to pay previously declared but unpaid dividends and related promissory notes. The $92.5 million of payments consist of (i) a Dividend Distribution Promissory Note, dated December 31, 2008, among LINC and CenTra, Inc. to pay the principal amount of $25,000,000 in respect of a dividend declared on December 29, 2006 and subsequently contributed to Detroit International Bridge Company who assigned the promissory note to its subsidiary, DIBC Investments, Inc., (ii) a dividend payable in the amount of $22.5 million net in respect of a dividend declared on December 29, 2006, (iii) a Promissory Note, dated July 23, 2012, among Matthew T. Moroun and LINC to pay the principal amount of $14,094,360 in respect of a shareholder distribution, (iv) a Promissory Note, dated July 23, 2012, among LINC and the MJM Revocable Trust to pay the principal amount of $13,905,640 in respect of a shareholder distribution, (v) a Promissory Note, dated July 23, 2012, among LINC and Matthew T. Moroun to pay the principal amount of $8,551,000 in respect of a dividend declared on July 23, 2012, (vi) a Promissory Note, dated July 23, 2012, among LINC and the Annuity Trust to pay the principal amount of $5,893,266 in respect of a dividend declared on July 23, 2012 and (vii) a Promissory Note, dated July 23, 2012, among LINC and the MJM Revocable Trust to pay the principal amount of $2,555,734 in respect of a dividend declared on July 23, 2012. The Moroun family has interests that are different from, or in

addition to, the interests of the Universal shareholders generally. Although Messrs. Moroun and their related entities will own approximately 82% of the common stock of Universal after the completion of the merger, they have agreed in the Merger Agreement not to permit Universal to undertake a short-form merger until the earlier of four years from the date of the closing of the merger or the day after the LINC shareholders and their related persons no longer beneficially own, in the aggregate, more than 75% of the then outstanding common stock of Universal. A “short-form” merger is a statutory merger transaction between a parent company and its controlled subsidiary which can be unilaterally effected by the parent company, the effect of which is to force minority shareholders of the subsidiary to exchange their shares for merger consideration. A short-form merger under Michigan law would require the approval of shareholders holding not less than 90% of the shares of each class of stock, and if the parent corporation owns less than 100% of the outstanding shares of the subsidiary, minority shareholders must be notified promptly of the merger and granted dissenters’ rights. Messrs. Moroun have advised the Company that they and their related persons currently have no intention of undertaking any transaction that would result in the deregistration of Universal or otherwise undertaking a transaction subject to Rule 13e-3 under the Securities Exchange Act of 1934, as amended. For additional information, see the sections captioned “The Merger—Interests of Executive Officers and Directors of Universal in the Merger” on page 73 of the Information Statement.

Material Agreements and Relationships between Universal and LINC and their Respective Affiliates (page 69).

In addition to the relationships between Messrs. Moroun and both LINC and Universal that are described above relating to Messrs. Moroun’s roles as directors and beneficial owners, Universal and LINC have significant ongoing business relationships with each other and with other affiliates of Messrs. Moroun. For example, both Universal and LINC obtain various administrative and management services from CenTra, Inc., which we refer to in this Information Statement as “CenTra,” and its affiliates. CenTra is wholly-owned and controlled by the Moroun family or its affiliates. LINC and Universal also obtain auto liability and property damage insurance and employee health and other insurances from an affiliate of CenTra, and lease various properties from affiliates of CenTra. Additionally, LINC and Universal have ongoing business relationships with each other and with CenTra including freight carrier services and transportation services. Universal and the Moroun family are also parties to a registration rights agreement, which is described below and will be amended and restated in connection with the closing of the merger.

LINC also pays tolls and other fees to Detroit International Bridge Company and certain related entities, which is ultimately controlled by the Moroun family or its affiliates, when LINC crosses the Ambassador Bridge between Detroit, Michigan and Windsor, Ontario. LINC previously advanced $5 million to an affiliate of DIBC Investments, Inc. in return for a promissory note accruing interest at 6.5% per annum, compounded daily. This note will be paid off in connection with the closing of the merger.

Executive Compensation (page 74).

None of Universal’s or LINC’s named executive officers will receive any compensatory payments or benefits that constitute “golden parachute” payments within the meaning of Item 402(t) of Regulation S-K.

Impact of Stock Issuance on Existing Stockholders (page 74).

The issuance of common stock of Universal as consideration for the merger will dilute the ownership and voting interests of the Universal existing shareholders. Upon the issuance of 14,527,332 shares of Universal common stock in connection with the merger and assuming no other issuances of shares prior to the date of completion of the merger, the Moroun family will own 81.8% of the Universal common stock issued and

outstanding immediately after the consummation of the merger. Therefore, the ownership and voting interests of Universal’s existing shareholders (other than the Moroun family) will be proportionately reduced.

Material U.S. Federal Income Tax Consequences of the Merger to Universal and its Shareholders (page 75).

No gain or loss will be recognized by us or our shareholders in connection with the issuance of Universal common stock or the exchange of LINC common stock for shares of Universal common stock in the merger. See “The Merger—Material U.S. Federal Income Tax Consequences of the Merger to Universal and its Shareholders” beginning on page 75 of this Information Statement for further information.

Accounting Treatment of the Merger (page 76).

Under United States Generally Accepted Accounting Principles, the merger will be accounted for using the guidance for transactions between entities under common control as described in Accounting Standards Codification (“ASC”) Topic 805—“Business Combinations.”

Regulatory Approvals and Clearances (page 76).

The parties cannot close the merger until the appropriate pre-merger notification forms are filed with the U.S. Federal Trade Commission and the U.S. Department of Justice and the statutory 30-calendar day waiting period following the filing of the notification forms has expired or been terminated. The pre-merger notification forms were filed on July 27, 2012.

Expected Timing of the Merger (page 78).

We expect to complete the merger before the end of October 2012. However, the merger is subject to a number of conditions, some of which are beyond the control of Universal, LINC and the Moroun family, and we cannot predict the precise timing for completion of the merger with certainty. See “The Merger Agreement” beginning on page 79 of this Information Statement and “Risk Factors—The merger may not be completed, which could adversely affect Universal’s financial condition, results of operation, and trading price of its common stock” beginning on page 20 of this Information Statement for further information.

Conditions to the Merger (page 87).

The completion of the merger is subject to the satisfaction or, to the extent legally permissible, the waiver of a number of conditions in the Merger Agreement, such as:

Termination of the Merger Agreement (page 92).

The Merger Agreement may be terminated at any time prior to the completion of the merger in any of the following ways:

If terminated in accordance with its terms, the Merger Agreement will become wholly void and of no further force and effect and there shall be no liability or obligation of any party, except with respect to any damages incurred or suffered by a party to the extent that such damages were the result of, or otherwise arose from, the fraud or willful and material breach of the terms of the Merger Agreement by another party. If the Merger Agreement is terminated other than in accordance with its terms or if a party has incurred damages arising from the fraud or willful and material breach of the Merger Agreement, the breaching party will be liable for damages suffered or incurred by the other parties in connection with such termination. The Merger Agreement does not provide for any break up fees to be paid if the Merger Agreement is terminated for any reason.

Appraisal Rights (page 78).

Holders of Universal common stock will not be entitled to exercise appraisal or dissenters rights under Michigan law in connection with the Merger, the issuance of shares of Universal common stock pursuant to the merger or the amendment to Universal’s Amended and Restated Articles of Incorporation.

Amended and Restated Registration Rights Agreement

In connection with the execution of the Merger Agreement, Universal entered into an Amended and Restated Registration Rights Agreement with Matthew T. Moroun, the Annuity Trust and the MJM Revocable Trust, which will become effective upon the closing of the merger. The Amended and Restated Registration Rights Agreement amends and restates the Registration Rights Agreement, dated December 31, 2004, among Universal, Matthew T. Moroun and the MJM Revocable Trust. The Amended and Restated Registration Rights Agreement provides Matthew T. Moroun, the Annuity Trust and the MJM Revocable Trust with certain demand registration rights with respect to all of the shares of Universal that such parties may from time to time own, whereby such persons may demand that Universal use its reasonable best efforts to effect the registration under the Securities Act of 1933, as amended, which we refer to in this Information Statement as the “Securities Act,” of the registrable securities held by such persons, subject to certain limitations contained therein. These rights include the right to “piggyback” on registration statements on which Universal registers additional shares of common stock.

Amendment to Certificate of Incorporation

Universal’s Amended and Restated Articles of Incorporation currently authorize 40,000,000 shares of common stock. As of July 25, 2012, Universal had 15,490,954 shares of common stock outstanding. Although Universal currently has a sufficient number of shares of common stock authorized to issue the shares of common stock in connection with the merger, Universal intends to amend its Amended and Restated Articles of Incorporation to increase the number of authorized shares of common stock from 40,000,000 to 100,000,000.

The approval of the amendment to the Universal Amended and Restated Articles of Incorporation requires the affirmative vote or written consent of the holders of a majority of the issued and outstanding shares of common stock of Universal. The written consent executed by the Moroun family on July 26, 2012 authorized this amendment and, because the Moroun family owns approximately 65% of the issued and outstanding shares of common stock of Universal, no further action by any other shareholder of Universal is required to approve the amendment.

Summary Historical Consolidated Financial Data

Summary Historical Consolidated Financial Data of Universal

The following table sets forth the selected historical financial and operating data of Universal as of and for the periods presented. The selected historical balance sheet data at December 31, 2011, 2010 and 2009 and the selected historical statement of income data for the years ended December 31, 2011, 2010 and 2009 have been derived from Universal’s audited consolidated financial statements included in Universal’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011, attached hereto as Annex D. The selected unaudited historical balance sheet data as of June 30, 2012 and July 2, 2011 and Universal’s unaudited historical statement of income data for the twenty-six weeks ended June 30, 2012 and July 2, 2011 have been derived from Universal’s historical unaudited consolidated financial statements included in Universal’s Quarterly Report on Form 10-Q for the fiscal period ended June 30, 2012, attached hereto as Annex E. The unaudited consolidated financial statements were prepared on a basis consistent with Universal’s audited financial statements and include, in the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the financial information contained in those statements. The selected historical financial and operating data presented below should be read in conjunction with the information included under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Universal’s consolidated financial statements and related notes in its Annual Report on Form 10-K for the fiscal year ended December 31, 2011 and its Quarterly Report on Form 10-Q for the fiscal period ended June 30, 2012, attached hereto as Annex D and E, respectively. The following financial and operating data may not be indicative of Universal’s future performance.

EBITDA is calculated in the following manner for each of the periods presented:

Summary Historical Consolidated Financial Data of LINC

The following table sets forth a summary of LINC’s consolidated financial and operating data as of and for the periods presented. LINC’s selected historical balance sheet data at December 31, 2011, 2010 and 2009 and the selected historical statement of income data for the years ended December 31, 2011, 2010 and 2009 have been derived from LINC’s audited consolidated financial statements included elsewhere in this Information Statement. The summary consolidated statements of income data for the twenty-six weeks ended June 30, 2012 and July 2, 2011 and summary consolidated balance sheet data as of June 30, 2012 are derived from LINC’s unaudited consolidated interim financial statements included elsewhere in this Information Statement. LINC has prepared the unaudited consolidated interim financial statements on the same basis as its audited financial statements and include, in the opinion of LINC’s management, all adjustments, which include only normal recurring adjustments, necessary to present fairly in all material respects their financial position and results of operations.

The information below should be read in conjunction with the information included under the headings “Selected Historical Consolidated Data of LINC” and “Information about LINC Logistics Company—LINC’s Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements and related notes included elsewhere in this Information Statement. The results for any interim period are not necessarily indicative of the results that may be expected for the full year. The following historical financial information may not be indicative of LINC’s future performance.

Summary Unaudited Pro Forma Condensed Combined Financial Information (Page 138)

The following table presents a summary of selected unaudited pro forma condensed combined financial and operating data as of and for the periods presented. The selected unaudited pro forma balance sheet data as of June 30, 2012 and the selected unaudited pro forma statements of income data for the twenty-six weeks ended June 30, 2012 and July 2, 2011, and for each of the three years in the three-year period ended December 31, 2011 have been derived from the unaudited pro forma condensed consolidated financial statements, which are included in this Information Statement, and illustrate the effects of Universal’s acquisition of LINC, the termination of LINC’s existence and S-corporation status and acquisition by a C-corporation, the payoff of promissory notes and dividends payable outstanding to LINC’s current and former shareholders (or entities related to them) under previously declared dividends, and the effects of the anticipated borrowings under the new credit agreement. The summary historical financial and operating data presented below should be read in conjunction with the “Unaudited Pro Forma Condensed Consolidated Financial Information” and related notes included elsewhere in this Information Statement. The following financial and operating data may not be indicative of Universal’s future performance.

EBITDA is calculated in the following manner for each of the periods presented: