Universal Safety Products Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
Universal Safety Products, Inc., a Maryland corporation (the “Company”) held a special meeting of stockholders (the “Special Meeting”) on October 20, 2025, which Special Meeting was adjourned until November 14, 2025 and further adjourned until December 16, 2205 (the “Adjourned Meeting”) to allow additional time for voting on Proposals 1-4 (the Authorized Share Increase Proposal, the Blank Check Preferred Proposal, the Class B Common Proposal and the Voting Rights Proposal) in the Company’s proxy materials.
The Adjourned Meeting reconvened at 12:00 p.m. Eastern Time on December 16, 2025. As of September 17, 2025, the record date for the Adjourned Meeting, the Company had outstanding and entitled to vote 2,312,887 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), which constitutes all of the outstanding voting capital stock of the Company.
At the Adjourned 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 September 17, 2025. At the Adjourned Meeting, stockholders rejected proposals 1, 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 approval of an amendment to the Company’s Articles of Incorporation (the “Articles”) to increase the authorized shares of Common Stock from 20,000,000 to 220,000,000.
| For | Against | Abstain | Broker Non-Votes | ||||
| 1,310,421 | 187,354 | 11,306 | 0 |
Proposal Two: The approval of an amendment of the Articles to authorize 25,000,000 shares of preferred stock and to permit the issuance of those 25,000,000 shares of preferred stock with rights and preferences to be determined by the Company’s Board of Directors from time to time.
| For | Against | Abstain | Broker Non-Votes | ||||
| 968,165 | 104,427 | 6,545 | 429,944 |
Proposal Three: The approval of an amendment of the Articles to authorize 20,000,000 shares of class B common stock.
| For | Against | Abstain | Broker Non-Votes | ||||
| 972,004 | 100,763 | 6,370 | 429,944 |
Proposal Four: The approval of an amendment of the Articles to eliminate super-majority voting requirements.
| For | Against | Abstain | Broker Non-Votes | ||||
| 1,020,008 | 52,844 | 6,285 | 429,944 |
| 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: December 16, 2025 | /s/ Harvey B. Grossblatt |
| Harvey B. Grossblatt | |
| President and Chief Executive Officer |