---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-112715"
form_type: "8-K"
ticker: "UUU"
cik: "0000102109"
company_name: "UNIVERSAL SAFETY PRODUCTS, INC."
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:13:16.855005+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Universal Security Instruments sells assets to Feit Electric for $6M; plans liquidation, $2.51/share distribution

## Summary
- Asset sale to Feit Electric for $6M base cash; price adjusts based on inventory value at closing.
- Board approves subsequent dissolution and liquidation; shareholder vote required (two-thirds).
- Estimated distribution to shareholders of ~$2.51 per share, an 83% premium over Oct 29 close.
- Closing conditions include shareholder approval; expects to distribute proceeds quickly after close.
- Certain stockholders entered voting agreements to support the transaction.

## SEC filing metadata
- accession: 0001104659-24-112715
- form_type: 8-K
- ticker: UUU
- cik: 0000102109
- company_name: UNIVERSAL SAFETY PRODUCTS, INC.
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102109/000110465924112715/0001104659-24-112715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102109/000110465924112715/tm2427145d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-112715
- JSON: https://secwatch.observer/filing/0001104659-24-112715.json
- Plain text: https://secwatch.observer/filing/0001104659-24-112715.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.