Highest-materiality recent filing
Universal Safety Products converts $1.36M convertible note into 310,575 common shares
On March 11, 2026, issued 125,000 shares upon conversion of $470,720 of principal and accrued interest.
Universal Safety Products annual meeting elects directors, approves say-on-pay every 3 years
Stockholders elected Ira F. Bormel (Class II), Harvey B. Grossblatt and Henry C.W. Nisser (Class III) as directors.
Universal Safety Products issues 405k shares upon conversion of $1.5M convertible note
Issued 405,000 shares of common stock between Jan 26 and Feb 3, 2026 upon conversion of $1,503,424.80 in principal and accrued interest.
Universal Safety Products shareholders reject four proposals at special meeting
Proposal to increase authorized common shares from 20M to 220M rejected; 1,310,421 for, 187,354 against.
Special meeting reconvened Nov 14, 2025 with 2,312,887 shares eligible to vote.
Special meeting approves 4 proposals; adjourns 4 key items to Nov 14 on low votes
Stockholders approved 2025 Equity Incentive Plan (931,883 for, 58,273 against).
New employment agreement effective Oct 1, 2025, runs to July 31, 2027, replacing prior agreement.
Universal Safety Products declares $1.00 special dividend from asset sale proceeds
One-time special cash dividend of $1.00 per share, record date Sep 18, payment date Sep 25.
Universal Safety Products amends bylaws to allow virtual and out-of-state shareholder meetings
Board adopted First Amendment to Bylaws on August 28, 2025, effective immediately.
Universal Safety Products enters into $2.75M convertible note agreement with SJC Lending LLC
Agreement provides for up to $2.75M principal amount of convertible notes, purchased for $2.5M total.
Director Cary Luskin resigns from Universal Safety Products board
Cary Luskin resigned from the Board of Directors on July 28, 2025, for personal reasons.
Universal Safety Products gets NYSE American delisting notice for late 10-K; name change July 31
Received NYSE American delinquency notification on July 16, 2025 for failure to timely file Form 10-K for FY ended March 31, 2025.
UUU gets NYSE American noncompliance notice over late FY2025 10-K filing
Received NYSE American notice for failing to timely file Annual Report (Form 10-K) for year ended March 31, 2025.
On June 2, 2025, Marcum resigned as auditor and CBIZ engaged as new auditor after CBIZ acquired Marcum's attest business on Nov 1, 2024.
USI closes asset sale to Feit Electric for ~$4.96M; appoints two directors
Asset sale closed May 22, 2025; purchase price of $4,955,107.90 based on eligible inventory value.
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
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
Max materiality 0.95 · Median 0.55 · Most common event other_material