Form 8-K
8-K — UNIVERSAL SAFETY PRODUCTS, INC.
Accession: 0001104659-26-036163
Filed: 2026-03-27
Period: 2026-03-27
CIK: 0000102109
SIC: 5065 (WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC)
Item: Submission of Matters to a Vote of Security Holders
Item: Financial Statements and Exhibits
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report
(Date of earliest event reported): March 27, 2026
UNIVERSAL SAFETY PRODUCTS, INC.
(Exact name of
registrant as specified in its charter)
Maryland
001-31747
52-0898545
(State or other jurisdiction of
incorporation
or organization)
(Commission File Number)
(I.R.S. Employer Identification No.)
11407
Cronhill Drive, Suite A,
Owings Mills, Maryland
21117
(Address of principal executive offices) (Zip Code)
(410)
363-3000
(Registrant’s telephone
number, including area code)
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, $0.01 par value
UUU
NYSE
American
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.07 Submission of Matters to a Vote of Security Holders.
On
March 27, 2026, Universal Safety Products, Inc., a Maryland corporation (the “Company”) held its 2026
annual meeting of stockholders (the “Meeting”). As of February 24, 2026, the record date for the Meeting, the
Company had outstanding and entitled to vote 2,717,787 shares of the Company’s common stock,
par value $0.001 per share (the “Common Stock”), which constitutes
all of the outstanding voting capital stock of the Company.
At the Meeting, the stockholders
voted on four proposals, each of which is described in more detail in the Company’s definitive proxy statement on Schedule 14A filed
with the U.S. Securities and Exchange Commission on February 24, 2026. At the Meeting, stockholders appointed three (3) directors,
and approved proposals 2, 3 and 4, each of which were presented for a vote. The tables below set forth the number of votes cast for and
against or withheld, and the number of abstentions or broker non-votes, for each matter voted upon by the Company’s stockholders.
Proposal
One: The election of one (1) Class II director nominee named by the Company to hold office for a term of two
(2) years until the annual meeting of stockholders to be held in 2028.
For
Against
Abstain
Broker Non-Votes
Ira F. Bormel
736,173
80,519
41,856
586,187
The election of two (2) Class III
director nominees named by the Company to hold office for a term of three (3) years until the annual meeting of stockholders to be
held in 2029.
For
Against
Abstain
Broker Non-Votes
Harvey B. Grossblatt
792,783
62,703
3,062
586,187
Henry C.W. Nisser
853,679
4,205
664
586,187
Proposal Two:
The ratification of CBIZ CPAs P.C., as the Company’s independent registered public accounting firm for the fiscal year ending March 31,
2026.
For
Against
Abstain
Broker Non-Votes
1,361,691
50,957
32,045
42
Proposal Three:
Approval of, on a non-binding advisory basis, the compensation of our named executive officers.
For
Against
Abstain
Broker Non-Votes
741,119
115,107
2,322
586,187
Proposal Four:
Approval of, on a non-binding advisory basis, the frequency of advisory approval of the compensation of our named executive officers.
3 Years
2 Years
1 Year
Abstain
Broker Non-Votes
695,035
1,201
156,990
5,364
586,145
Following the Company’s receipt of the voting
results on Proposal Four, the Company has determined to proceed with a frequency for voting on executive compensation of every three years.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
Exhibit No.
Description
101
Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).
104
Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UNIVERSAL SAFETY PRODUCTS, INC.
Dated: March 27, 2026
/s/ Harvey B. Grossblatt
Harvey B. Grossblatt
President and Chief Executive Officer
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Entity File Number
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Entity Registrant Name
UNIVERSAL SAFETY PRODUCTS, INC.
Entity Central Index Key
0000102109
Entity Tax Identification Number
52-0898545
Entity Incorporation, State or Country Code
MD
Entity Address, Address Line One
11407
Cronhill Drive
Entity Address, Address Line Two
Suite A
Entity Address, City or Town
Owings Mills
Entity Address, State or Province
MD
Entity Address, Postal Zip Code
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City Area Code
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Local Phone Number
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