secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL SAFETY PRODUCTS, INC. (UUU)
CIK:        0000102109
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001104659-23-070660
Event type: leadership
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Security extends CEO Harvey Grossblatt's employment through July 2024
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- CEO Harvey Grossblatt's term extended one year, from July 31, 2023 to July 31, 2024.
- Bonus threshold maintained at 4% of shareholders' equity as of April 1, 2023.
- Addendum executed June 12, 2023, effective immediately.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102109/000110465923070660/0001104659-23-070660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102109/000110465923070660/tm2318477d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-070660

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