Universal Security Instruments Files 8-K on Shareholder Votes

TL;DR

USUR filed an 8-K on Nov 7, 2024, regarding shareholder votes.

AI Summary

Universal Security Instruments, Inc. filed an 8-K on November 7, 2024, to report on matters submitted to a vote of its security holders. The filing details events that occurred on or before November 7, 2024, related to shareholder decisions.

Why It Matters

This filing informs investors about significant decisions made by Universal Security Instruments, Inc. shareholders, which could impact the company's future direction and governance.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of shareholder voting matters and does not indicate any immediate financial distress or significant operational changes.

Key Players & Entities

• UNIVERSAL SECURITY INSTRUMENTS, INC. (company) — Registrant
• November 7, 2024 (date) — Date of report and earliest event
• Maryland (jurisdiction) — State of Incorporation
• 52-0898545 (tax_id) — IRS Employer Identification No.
• 11407 Cronhill Drive, Suite A, Owings Mills, Maryland 21117 (address) — Principal Executive Offices
• (410) 363-3000 (phone_number) — Registrant's telephone number

FAQ

Filing Documents

• tm2427814d1_8k.htm (8-K) — 35KB
• 0001104659-24-115223.txt ( ) — 205KB
• uuu-20241107.xsd (EX-101.SCH) — 3KB
• uuu-20241107_lab.xml (EX-101.LAB) — 33KB
• uuu-20241107_pre.xml (EX-101.PRE) — 22KB
• tm2427814d1_8k_htm.xml (XML) — 4KB

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. The Annual Meeting of Stockholders of Universal Security Instruments, Inc. (the " Company ") was held on November 7, 2024. The matters submitted to the stockholders for a vote were: (i) the election of one director; (ii) a non-binding resolution approving the compensation of the executive officers named in the proxy statement; and (iii) the authorization of the Company's Board of Directors to accept the selection by the Audit Committee of an outside auditing firm for the Company's 2025 fiscal year. Of the 2,312,887 shares entitled to notice of and to vote at the meeting, 1,194,384 shares (or 51.6% of the total shares) were represented at the meeting. (i) The nominee submitted for election as director was Ronald A. Seff, M.D., for a term of three years, as described in the Proxy Statement distributed to stockholders in connection with the meeting. The following are the voting results (in number of shares) with respect to the election of directors: Name For Withhold Abstain Broker Non-Votes Ronald A. Seff, M.D. 280,848 267,741 0 645,795 As a result, the nominee was elected. Ira F. Bormel, Harvey B. Grossblatt and Cary Luskin were not up for re-election and continue in office as Directors after the Meeting. (ii) The results of the vote on the non-binding resolution approving the compensation of the executive officers named in the proxy statement were as follows: For Against Abstain Broker Non-Votes 314,320 225,659 8,610 645,795 As a result, the resolution was approved. (iii) The results of the vote on the proposal to authorize selection of an auditor were as follows: For Against Abstain Broker Non-Votes 1,060,724 107,012 26,648 0 As a result, the proposal was approved. - 2 -

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. UNIVERSAL SECURITY INSTRUMENTS, INC. (Registrant) Date: November 7, 2024 By: /s/ Harvey B. Grossblatt Harvey B. Grossblatt President - 3 -

View Full Filing

View this 8-K filing on SEC EDGAR