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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 5.07Submission 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 9.01Financial 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