leadership
confidence high
sentiment neutral
materiality 0.35
CEO Harvey Grossblatt's employment extended one year to July 31, 2022; bonus threshold unchanged
UNIVERSAL SAFETY PRODUCTS, INC.
- Addendum extends CEO Harvey Grossblatt's employment term from July 31, 2021 to July 31, 2022.
- Bonus threshold for fiscal year starting April 1, 2021 held at 4% of shareholders' equity as of April 1, 2021.
- No other changes to the existing Second Amended and Restated Employment Agreement.