Universal Security Instruments INC 8-K filings

Universal Safety Products, Inc. has amended its Articles of Incorporation to significantly increase authorized common stock and eliminate super-majority voting requirements.

Universal Safety Products, Inc. held a special meeting where stockholders approved amendments to increase authorized shares and eliminate super-majority voting, while rejecting preferred and class B stock authorizations.

Universal Safety Products, Inc. entered into a securities purchase agreement for up to $10.6 million in convertible notes.

Universal Safety Products, Inc. announced the full conversion of its convertible note, resulting in the issuance of new common stock and a fully extinguished debt.

Universal Safety Products, Inc. announced the results of its 2026 annual stockholders' meeting, including director elections and auditor ratification.

Universal Safety Products, Inc. issued 405,000 common shares by converting $1.5 million in convertible notes.

Universal Safety Products, Inc. stockholders rejected all four management proposals, including increasing authorized shares and authorizing preferred and Class B common stock, at a reconvened special meeting.

Universal Safety Products, Inc. has further adjourned its special stockholder meeting to December 16, 2025, to allow more time for voting on key proposals.

Universal Safety Products stockholders approved its 2025 Equity Incentive Plan and director equity issuances, but adjourned the special meeting to gather more votes for capital structure changes.

Universal Safety Products, Inc. has renewed its employment agreement with President and CEO Harvey B. Grossblatt through July 31, 2027, including a base salary, performance bonuses tied to capital raises, and comprehensive benefits.

Universal Safety Products, Inc. announced a one-time special cash dividend of $1.00 per share, returning value from a recent asset sale while planning for future growth.

Universal Safety Products, Inc. has amended its bylaws to allow annual and special stockholder meetings to be held virtually or at any location, inside or outside Maryland.

Universal Safety Products, Inc. entered into a Securities Purchase Agreement to sell up to $2.75 million in convertible promissory notes for $2.5 million.

Universal Safety Products, Inc. announced the resignation of Board Director Cary Luskin effective July 28, 2025.

Universal Safety Products, Inc. received a delinquency notification from NYSE Regulation for failing to timely file its Annual Report on Form 10-K, while also announcing its official name change and upcoming trading under the new name.

Universal Safety Products, Inc. has received a notice of non-compliance from NYSE American LLC for failing to timely file its annual Form 10-K report, potentially leading to delisting if compliance is not regained within six months.

Universal Safety Products, Inc. has appointed CBIZ CPAs P.C. as its new independent registered public accounting firm following the acquisition of its previous auditor, Marcum LLP, while disclosing ongoing material weaknesses in its internal financial controls.

Universal Security Instruments, Inc. announced the completion of its asset sale of smoke and carbon monoxide alarm inventory to Feit Electric for $4.96 million, while confirming its intent to continue operations in other product lines and appointing two new independent directors.

Universal Security Instruments (UUU) has entered into a Memorandum of Understanding (MOU) with Ault & Company (A&C) that outlines a potential investment, a strategic shift following an asset sale, and changes to the company's board.

Universal Security Instruments' shareholders approved the sale of substantially all assets to Feit Electric Company, Inc., but rejected the proposed liquidation and dissolution of the company.

Universal Security Instruments adjourns its Special Meeting of Shareholders for a second time to April 15, 2025, to further solicit proxies for the Asset Sale and Dissolution proposals.

Universal Security Instruments adjourns its Special Meeting of Shareholders for a second time to March 24, 2025, to further solicit proxies for the Asset Sale and Dissolution proposals.

Universal Security Instruments reports an 18.9% increase in sales for the third quarter ended December 31, 2024, but experiences a net loss due to bulk sales of inventory and expenses related to a potential asset sale.

Universal Security Instruments adjourns its Special Meeting of Shareholders to March 6, 2025, to solicit additional proxies for the Asset Sale and Dissolution Proposals.

Universal Security Instruments' CEO, Harvey B. Grossblatt, has waived certain change of control payments related to the asset sale to Feit Electric, effective only if the transaction closes.

Universal Security Instruments held its annual meeting on November 7, 2024, electing a director, approving executive compensation, and authorizing the selection of an auditor.

Universal Security Instruments has entered into an asset purchase agreement with Feit Electric Company and has notified its sales representatives of the planned sale.

Universal Security Instruments has entered into an agreement to be acquired by Feit Electric for $6 million, pending shareholder approval.

Universal Security Instruments has extended CEO Harvey B. Grossblatt's employment agreement by one year, through July 31, 2025, while maintaining his bonus threshold.