Universal Security Instruments Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
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| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
The Annual Meeting of Stockholders of Universal Security Instruments, Inc. (the “Company”) was held on November 7, 2024. The matters submitted to the stockholders for a vote were: (i) the election of one director; (ii) a non-binding resolution approving the compensation of the executive officers named in the proxy statement; and (iii) the authorization of the Company’s Board of Directors to accept the selection by the Audit Committee of an outside auditing firm for the Company’s 2025 fiscal year.
Of the 2,312,887 shares entitled to notice of and to vote at the meeting, 1,194,384 shares (or 51.6% of the total shares) were represented at the meeting.
| (i) | The nominee submitted for election as director was Ronald A. Seff, M.D., for a term of three years, as described in the Proxy Statement distributed to stockholders in connection with the meeting. The following are the voting results (in number of shares) with respect to the election of directors: |
|
Name |
For |
Withhold |
Abstain |
Broker Non-Votes |
| Ronald A. Seff, M.D. | 280,848 | 267,741 | 0 | 645,795 |
As a result, the nominee was elected. Ira F. Bormel, Harvey B. Grossblatt and Cary Luskin were not up for re-election and continue in office as Directors after the Meeting.
| (ii) | The results of the vote on the non-binding resolution approving the compensation of the executive officers named in the proxy statement were as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
| 314,320 | 225,659 | 8,610 | 645,795 |
As a result, the resolution was approved.
| (iii) | The results of the vote on the proposal to authorize selection of an auditor were as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
| 1,060,724 | 107,012 | 26,648 | 0 |
As a result, the proposal was approved.
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SIGNATURES
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 thereunto duly authorized.
| UNIVERSAL SECURITY INSTRUMENTS, INC. | ||
| (Registrant) | ||
| Date: November 7, 2024 | By: | /s/ Harvey B. Grossblatt |
| Harvey B. Grossblatt | ||
| President | ||
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