secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL SAFETY PRODUCTS, INC. (UUU)
CIK:        0000102109
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0001104659-21-096873
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Harvey Grossblatt's employment extended one year to July 31, 2022; bonus threshold unchanged
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102109/000110465921096873/0001104659-21-096873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102109/000110465921096873/tm2123502-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-096873

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer