UNIVERSAL SAFETY PRODUCTS, INC. (UUU): M&A transaction — USI closes asset sale to Feit Electric for ~$4.96M; appoints two directors

UNIVERSAL SAFETY PRODUCTS, INC.

Asset sale closed May 22, 2025; purchase price of $4,955,107.90 based on eligible inventory value.
Company will continue importing/marketing product lines other than smoke/CO alarms after the closing.
Pro forma shows gain on sale $3.27M, net income $2.02M vs historical loss of $0.80M for nine months through Dec 31, 2024.
Board appoints Henry Nisser and Milton C. (Todd) Ault, III as independent directors under MOU with Ault & Company.
Amendment to Asset Purchase Agreement reflects that the Company will not dissolve and will continue operations.

item 1.01 item 2.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Henry Nisser

director

UUU · UNIVERSAL SAFETY PRODUCTS, INC.

Effective: 2025-05-22
Filed: May 29, 2025, 7:59 PM ET

Henry Nisser was appointed to serve as a director until the 2026 Annual Meeting of Shareholders or until his successor is duly elected and qualifies

Appointed

Milton C. (Todd) Ault, III

director

UUU · UNIVERSAL SAFETY PRODUCTS, INC.

Effective: 2025-05-22
Filed: May 29, 2025, 7:59 PM ET

Milton C. (Todd) Ault, III was appointed to serve as a director until the 2027 Annual Meeting of Shareholders or until his successor is duly elected and qualifies

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Henry Nisser was appointed as director at UNIVERSAL SAFETY PRODUCTS, INC..

Action: appointed
Role: director

Exact text from the filing

Henry Nisser was appointed to serve as a director until the 2026 Annual Meeting of Shareholders or until his successor is duly elected and qualifies

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Milton C. (Todd) Ault, III was appointed as director at UNIVERSAL SAFETY PRODUCTS, INC..

Action: appointed
Role: director

Exact text from the filing

Milton C. (Todd) Ault, III was appointed to serve as a director until the 2027 Annual Meeting of Shareholders or until his successor is duly elected and qualifies

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

UNIVERSAL SAFETY PRODUCTS, INC. completed a disposition involving Feit Electric Company, Inc. for $4,955,107.90 (closed 2025-05-22).

Action: disposition
Counterparty: Feit Electric Company, Inc.
Consideration: $4,955,107.90
Closing: 2025-05-22

Exact text from the filing

8-K and is incorporated herein by reference. The Asset Sale closed on May 22, 2025. The purchase price, based on the value of the Eligible Inventory at the time of Closing, was $4,955,107.90. The Company intends to continue importing and marketing its product lines other than smoke alarms and carbon monoxide alarms following the Closing.

View on SEC.gov

30 m&a transactions filed in the last 30 days. Browse all m&a transactions →

UNIVERSAL SAFETY PRODUCTS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-054288

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