---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-120466"
form_type: "8-K"
ticker: "UUU"
cik: "0000102109"
company_name: "UNIVERSAL SAFETY PRODUCTS, INC."
filed_at: "2024-11-19T23:59:59+00:00"
generated_at: "2026-05-29T22:17:26.781594+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CEO Harvey Grossblatt waives change-of-control payments for Feit Electric asset sale

## Summary
- Waiver of severance and change-of-control benefits under employment agreement, contingent on closing of asset sale to Feit Electric.
- Grossblatt will receive lump sum severance equal to prior 12 months' base salary plus last bonus, payable as of July 31, 2025.
- Company will not renew employment after current period; Grossblatt expected to supervise orderly liquidation post-closing.
- Post-closing, Grossblatt will be engaged by Feit Electric and share confidential information with the buyer.

## SEC filing metadata
- accession: 0001104659-24-120466
- form_type: 8-K
- ticker: UUU
- cik: 0000102109
- company_name: UNIVERSAL SAFETY PRODUCTS, INC.
- filed_at: 2024-11-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102109/000110465924120466/0001104659-24-120466-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102109/000110465924120466/tm2428892d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-120466
- JSON: https://secwatch.observer/filing/0001104659-24-120466.json
- Plain text: https://secwatch.observer/filing/0001104659-24-120466.txt

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