secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL SAFETY PRODUCTS, INC. (UUU)
CIK:        0000102109
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001104659-22-083507
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Security extends CEO Harvey Grossblatt's contract through July 2023
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- Employment term extended one year to July 31, 2023 via Addendum dated July 22, 2022.
- Bonus threshold maintained at 4% of shareholders' equity as of April 1, 2022 for fiscal year starting April 1, 2022.
- No changes to other terms of the Second Amended and Restated Employment Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102109/000110465922083507/0001104659-22-083507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102109/000110465922083507/tm2220331d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-083507

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