USI Proxy: Vote Now for Cash Distribution!
Ticker: UUU · Form: DEFA14A · Filed: Feb 3, 2025 · CIK: 102109
| Field | Detail |
|---|---|
| Company | Universal Security Instruments Inc (UUU) |
| Form Type | DEFA14A |
| Filed Date | Feb 3, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2.51, $2.58 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, shareholder-vote, distribution
TL;DR
USI shareholders: VOTE NOW to get your cash payout!
AI Summary
Universal Security Instruments, Inc. (USI) is issuing a second notice to shareholders, urging them to vote to receive a cash distribution. The company, incorporated in Maryland with its fiscal year ending March 31, is seeking shareholder approval for this distribution. The filing is a definitive proxy statement (DEFA14A) filed on February 3, 2025.
Why It Matters
Shareholders need to vote on this proxy filing to ensure they receive a cash distribution from Universal Security Instruments, Inc. This is a crucial step for them to realize value from their investment.
Risk Assessment
Risk Level: low — This filing is a routine proxy statement related to a shareholder vote for a cash distribution, not indicating significant operational or financial risk.
Key Players & Entities
- UNIVERSAL SECURITY INSTRUMENTS INC (company) — Registrant
- USI (company) — Abbreviation for Universal Security Instruments, Inc.
- 0001104659-25-008484 (filing_id) — Accession Number
- 20250203 (date) — Filing Date
FAQ
What is the purpose of this DEFA14A filing?
The purpose of this DEFA14A filing is to provide information required in a proxy statement, specifically to solicit shareholder votes for Universal Security Instruments, Inc. to receive a cash distribution.
What action is Universal Security Instruments, Inc. requesting from its shareholders?
Universal Security Instruments, Inc. is requesting its shareholders to vote so they can receive a cash distribution.
When was this definitive proxy statement filed?
This definitive proxy statement was filed on February 3, 2025.
What is the company's fiscal year end?
The company's fiscal year end is March 31.
What is the company's primary business classification?
The company's Standard Industrial Classification is Wholesale-Electronic Parts & Equipment, NEC [5065].
Filing Stats: 757 words · 3 min read · ~3 pages · Grade level 9.9 · Accepted 2025-02-03 12:16:15
Key Financial Figures
- $2.51 — uld provide you with a cash dividend of $2.51–$2.58 per share — an 83% to
- $2.58 — you with a cash dividend of $2.51–$2.58 per share — an 83% to 88% premium
Filing Documents
- tm255132d1_defa14a.htm (DEFA14A) — 23KB
- image_004.jpg (GRAPHIC) — 5KB
- image_005.jpg (GRAPHIC) — 2KB
- 0001104659-25-008484.txt ( ) — 34KB
From the Filing
SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. 1) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 Universal Security Instruments, Inc. (Name of Registrant as Specified in Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee previously paid with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. SECOND NOTICE: WE NEED YOUR VOTE! YOU OWN SHARES IN UNIVERSAL SECURITY INSTRUMENTS, INC. (USI) AND NOW IS THE TIME TO VOTE FOR YOU TO RECEIVE A CASH DISTRIBUTION. USI’s Board of Directors is asking you to vote FOR the sale of our assets to Feit Electric, which could provide you with a cash dividend of $2.51–$2.58 per share — an 83% to 88% premium over the October 29, 2024 closing price, the day the sale agreement with Feit was signed. WE CANNOT DISTRIBUTE THIS CASH DIVIDEND TO YOU WITHOUT THE REQUIRED VOTES. We have not received enough responses to proceed but you still have time to vote. USI’s Board of Directors recommends voting FOR : The Asset Sale The Plan of Dissolution The Charter Amendment Failure to vote FOR these proposals by the March 6 deadline could lead to a decline in our share price, delisting USI from the NYSE, limiting access to shareholder information and significantly reducing your ability to buy and sell shares. Institutional Shareholder Services (ISS), the proxy advisory firm, recommended that you vote FOR the proposals. HOW TO VOTE: · By calling 1-888-742-1305 (have ready your control number, which is printed on the proxy card accompanying this letter). · Online at www.investorvote.com/UUU (have ready your control number, which is printed on the proxy card accompanying this letter). · By checking the boxes, signing, and returning the proxy card included in the envelope provided. · By attending the reconvened Special Meeting in person on March 6, 2025. If you have any questions about the proposals or how to vote, please contact Laurel Hill Advisory Group LLC at 1-888-742-1305. The Proxy Statement previously sent to you contains important information; please read it carefully. Copies of the Proxy Statement are available for free through the Securities and Exchange Commission’s website at http://www.sec.gov. The Proxy Statement is also available at www.investorvote.com/uuu. SECOND NOTICE: WE NEED YOUR VOTE! YOU OWN SHARES IN UNIVERSAL SECURITY INSTRUMENTS, INC. (USI) AND NOW IS THE TIME TO VOTE FOR YOU TO RECEIVE A CASH DISTRIBUTION. USI’s Board of Directors is asking you to vote FOR the sale of our assets to Feit Electric, which could provide you with a cash dividend of $2.51–$2.58 per share — an 83% to 88% premium over the October 29, 2024 closing price, the day the sale agreement with Feit was signed. WE CANNOT DISTRIBUTE THIS CASH DIVIDEND TO YOU WITHOUT THE REQUIRED VOTES. We have not received enough responses to proceed but you still have time to vote. USI’s Board of Directors recommends voting FOR : The Asset Sale The Plan of Dissolution The Charter Amendment Failure to vote FOR these proposals by the March 6 deadline could lead to a decline in our share price, delisting USI from the NYSE, limiting access to shareholder information and significantly reducing your ability to buy and sell shares. Institutional Shareholder Services (ISS), the proxy advisory firm, recommended that you vote FOR the proposals. HOW TO VOTE: · By calling 1-800-652-VOTE (8683) (have ready your control number, which is printed on the proxy card accompanying this letter). · Online at www.investorvote.com/UUU (have ready your control number, which is printed on the proxy card accompanying this letter). · By checking the boxes, signing, and returning the proxy card included in the envelope provided. · By attending the reconvened Special Meeting in person on March 6, 2025. If you have any questions about the proposals or how to vote, please contact Laurel Hill Advisory Group LLC at 1-888-742-1305. The Proxy Statement previously sent to you contains important information; please read it carefully. Copies of the Proxy Statement are available for free through the Securities and Exchange Commission’s website at http://www.sec.gov. The Proxy Statement is also available at www.investorvote.com/uuu.