Universal Security Instruments Files 8-K on Shareholder Vote Matters

TL;DR

USUR filed an 8-K on Jan 23, 2025, for a shareholder vote. Details TBD.

AI Summary

Universal Security Instruments, Inc. filed an 8-K on January 23, 2025, to report on matters submitted to a vote of its security holders. The filing does not contain details on specific proposals or outcomes of the vote, but indicates a formal reporting event occurred on this date.

Why It Matters

This filing indicates that Universal Security Instruments, Inc. has held a shareholder vote, which is a key governance event that can impact corporate direction and shareholder rights.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of a shareholder vote event without immediate financial implications or significant changes reported.

Key Players & Entities

• Universal Security Instruments, Inc. (company) — Registrant
• January 23, 2025 (date) — Date of Report

FAQ

Filing Documents

• tm254274d1_8k.htm (8-K) — 27KB
• 0001104659-25-005593.txt ( ) — 197KB
• uuu-20250123.xsd (EX-101.SCH) — 3KB
• uuu-20250123_lab.xml (EX-101.LAB) — 33KB
• uuu-20250123_pre.xml (EX-101.PRE) — 22KB
• tm254274d1_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. On January 23, 2025, Universal Security Instruments, Inc. (the " Company ") called to order the Special Meeting of Shareholders (the " Special Meeting ") in accordance with the notice of Special Meeting and the Proxy Statement (the " Proxy Statement ") dated December 27, 2024 filed with the Securities and Exchange Commission (the "SEC") and sent to shareholders of record as of December 19, 2024. Of the 2,312,787 shares entitled to notice of and to vote at the Special Meeting, 1,649,857 shares (or 71.3% of the total outstanding shares) were represented at the Special Meeting. Accordingly, a quorum was present. The Chairman of the meeting opened the Special Meeting by calling for a vote on the proposal (the " Adjournment Proposal ") to grant discretionary authority to the Company's Board of Directors to adjourn the Special Meeting, even if a quorum is present, to solicit additional proxies in the event that there are insufficient shares present virtually or represented by proxy voting in favor of either the Asset Sale Proposal or the Dissolution Proposal (as defined and described in the Proxy Statement). The Adjournment Proposal was approved by a vote of 1,174,449 shares of Common Stock in favor, and no more than 319,629 shares voted against or abstaining from the Adjournment Proposal, thus constituting approval by more than a majority of the shares of Common Stock represented in person or by proxy at the Special Meeting and entitled to vote on the Adjournment Proposal. As authorized by the Company's Board of Directors, the Chairman then adjourned the Special Meeting without opening the polls on the other proposals that were scheduled to be submitted to a vote of the Company's shareholders at the Special Meeting. The Special Meeting was adjourned until March 6, 2025 at 10:00 a.m., Eastern Time in order to allow the Company to solicit additional proxies with respect to the proposals set forth in the

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 hereunto duly authorized. UNIVERSAL SECURITY INSTRUMENTS, INC. (Registrant) Date: January 23, 2025 By: /s/ Harvey B. Grossblatt Harvey B. Grossblatt President

View Full Filing

View this 8-K filing on SEC EDGAR