---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-036096"
form_type: "8-K"
ticker: "UUU"
cik: "0000102109"
company_name: "UNIVERSAL SAFETY PRODUCTS, INC."
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T11:24:36.836235+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# USI enters MOU with Ault & Co to defer dissolution, pursue investment and new business

## Summary
- Ault & Co agrees to vote for asset sale to Feit Electric Co. and dissolution at April 15 meeting.
- USI agrees not to consummate dissolution for at least 90 days after asset sale approval (Negotiation Period).
- Ault & Co commits to negotiate up to 19.9% market cap convertible note investment; also up to $400k note for SEC/NYSE costs.
- Ault & Co gets right to appoint two directors; board size capped at 3-6 (amended from 3-15).
- CEO Harvey Grossblatt agrees to remain director for 24 months after asset sale; shareholders did not approve dissolution.

## SEC filing metadata
- accession: 0001104659-25-036096
- form_type: 8-K
- ticker: UUU
- cik: 0000102109
- company_name: UNIVERSAL SAFETY PRODUCTS, INC.
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102109/000110465925036096/0001104659-25-036096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102109/000110465925036096/tm2512601d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-036096
- JSON: https://secwatch.observer/filing/0001104659-25-036096.json
- Plain text: https://secwatch.observer/filing/0001104659-25-036096.txt

## Key facts
- Governance Changes
  UNIVERSAL SAFETY PRODUCTS, INC.: Added new Article V, Section 9 to the Bylaws (effective 2025-04-15).
  - Change: bylaw amendment
  - Effective: 2025-04-15
  source text: Article V of the Bylaws was amended to add Section 9.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102109/000110465925036096/0001104659-25-036096-index.htm
- Governance Changes
  UNIVERSAL SAFETY PRODUCTS, INC.: Amended Article II, Section 1 to reduce the maximum number of directors from fifteen to six (effective 2025-04-15).
  - Change: bylaw amendment
  - Effective: 2025-04-15
  source text: Article II, Section 1 of the Company’s Bylaws was amended to provide that the number of members of the Company’s Board of Directors would be between three and six. Prior to this amendment, the Bylaws provided that the number of members of the Company’s Board of Directors would be between three and fifteen.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102109/000110465925036096/0001104659-25-036096-index.htm

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