Universal Safety Products holders back share increase

Universal Safety Products, Inc. held a special stockholder meeting on July 31, 2026.

Accepted by SEC EDGAR 07/31/2026 - 04:30 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Universal Safety Products, Inc. held a special stockholder meeting on July 31, 2026. As of June 15, 2026, 3,028,363 shares of common stock were outstanding and entitled to vote. Stockholders approved an amendment to increase authorized common stock from 20,000,000 to 525,000,000 shares.

They also approved eliminating super-majority voting rights and, to comply with NYSE American Rule 713(a), the issuance of additional common shares underlying convertible notes issued or issuable under a June 12, 2026 securities purchase agreement. Proposals to authorize 25,000,000 preferred shares and 25,000,000 class B common shares were not approved.

Positive

• Stockholders approved elimination of super-majority voting rights for future decisions.

Negative

• Authorized common stock increased to 525,000,000 shares from 20,000,000.
• Approved issuance of more shares under convertible notes financing agreement.

Filing Explained

The July 31 8-K records shareholder approval to increase authorized common stock and to issue additional shares underlying convertible notes, but it does not state that those shares were issued or quantify any issuance. The filing therefore establishes additional share capacity and potential dilution for existing holders, not completed dilution.

8-K Event Classification

2 items: 5.07, 9.01

2 items

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Authorized common stock after amendment: 525,000,000 shares Authorized common stock before amendment: 20,000,000 shares Shares outstanding and entitled to vote: 3,028,363 shares +3 more

6 metrics

Authorized common stock after amendment 525,000,000 shares Approved in Proposal One to amend Articles of Incorporation

Authorized common stock before amendment 20,000,000 shares Original common share authorization prior to Proposal One

Shares outstanding and entitled to vote 3,028,363 shares Common stock outstanding as of June 15, 2026 record date

Votes for Proposal One 2,190,202 shares Increase in authorized common stock to 525,000,000 shares

Votes for Proposal Four 2,063,611 shares Amendment to eliminate super-majority voting rights

Votes for Proposal Five 2,046,885 shares Approval of additional common shares underlying convertible notes

Key Terms

super-majority voting rights, convertible notes, broker non-votes, securities purchase agreement, +1 more

5 terms

super-majority voting rights regulatory

"approval of an amendment of the Articles to eliminate super-majority voting rights"

convertible notes financial

"issuance by the Company of additional shares of Common Stock underlying the Company’s convertible notes"

Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.

broker non-votes regulatory

"votes cast for and against or withheld, and the number of abstentions or broker non-votes"

Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

securities purchase agreement financial

"convertible notes issued or issuable pursuant to the securities purchase agreement dated June 12, 2026"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

Rule 713(a) of the NYSE American regulatory

"approval, for purposes of complying with Rule 713(a) of the NYSE American"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Universal Safety Products (UUU) shareholders approve at the July 31, 2026 special meeting?

Shareholders approved increasing authorized common stock to 525,000,000 shares, eliminating super-majority voting rights, and authorizing issuance of additional common shares underlying convertible notes related to a June 12, 2026 securities purchase agreement.

How many Universal Safety Products (UUU) shares were entitled to vote at the special meeting?

As of the June 15, 2026 record date, 3,028,363 shares of Universal Safety Products common stock were outstanding and entitled to vote at the July 31, 2026 special meeting of stockholders.

Which Universal Safety Products (UUU) proposals to create new share classes were rejected?

Stockholders did not approve the proposals to authorize 25,000,000 preferred shares and 25,000,000 class B common shares, even though each proposal received more votes for than against, due to the applicable approval requirements.

What change did Universal Safety Products (UUU) make to super-majority voting rights?

Stockholders approved an amendment to the Articles of Incorporation to eliminate super-majority voting rights, changing how certain future corporate actions will be approved under the company’s charter going forward.

What is Proposal Five regarding NYSE American Rule 713(a) for Universal Safety Products (UUU)?

Proposal Five sought stockholder approval, for NYSE American Rule 713(a) purposes, of the issuance of additional common shares underlying the company’s convertible notes issued or issuable under a June 12, 2026 securities purchase agreement. Stockholders approved this proposal.

How large is Universal Safety Products’ (UUU) new authorized common share capacity?

Following approval of Proposal One, Universal Safety Products’ authorized common stock increased from 20,000,000 to 525,000,000 shares, substantially expanding the number of common shares the company is permitted to issue under its charter.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 31, 2026

UNIVERSAL SAFETY PRODUCTS, INC. 

(Exact name of registrant as specified in its charter)

Maryland	001-31747	52-0898545
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

11407 Cronhill Drive, Suite A, Owings Mills, Maryland 21117

(Address of principal executive offices) (Zip Code)

(410) 363-3000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value		UUU		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).                          

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.07 Submission of Matters to a Vote of Security Holders.

On July 31, 2026, Universal Safety Products, Inc., a Maryland corporation (the “Company”) held a special meeting of stockholders (the “Special Meeting”). As of June 15, 2026, the record date for the Special Meeting, the Company had outstanding and entitled to vote 3,028,363 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), which constitutes all of the outstanding voting capital stock of the Company.

At the Special Meeting, the stockholders voted on five proposals, each of which is described in more detail in the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on June 23. 2026. At the Special Meeting, stockholders approved proposals 1, 4 and 5 and rejected proposals 2 and 3, each of which were presented for a vote. The tables below set forth the number of votes cast for and against or withheld, and the number of abstentions or broker non-votes, for each matter voted upon by the Company’s stockholders.

Proposal One: The approval of an amendment to the Company’s Articles of Incorporation (the “Articles”) to increase the authorized shares of common stock (the “Common Stock”) from 20,000,000 to 525,000,000.

For		Against		Abstain		Broker Non-Votes
2,190,202		219,642		11,421		0

Proposal Two: The approval of an amendment of the Articles to authorize 25,000,000 shares of preferred stock and to permit the issuance of those 25,000,000 shares of preferred stock with rights and preferences to be determined by the Company’s Board of Directors from time to time.

For		Against		Abstain		Broker Non-Votes
1,894,277		194,822		778		331,388

Proposal Three: The approval of an amendment of the Articles to authorize 25,000,000 shares of class B common stock.

For		Against		Abstain		Broker Non-Votes
1,911,223		177,876		778		331,388

Proposal Four: The approval of an amendment of the Articles to eliminate super-majority voting rights.

For		Against		Abstain		Broker Non-Votes
2,063,611		25,468		798		331,388

Proposal Five: The approval, for purposes of complying with Rule 713(a) of the NYSE American, the issuance by the Company of additional shares of Common Stock underlying the Company’s convertible notes issued or issuable pursuant to the securities purchase agreement dated June 12, 2026.

For		Against		Abstain		Broker Non-Votes
2,046,885		41,600		1,392		331,388

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.		Description
101		Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).
104		Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).

2

SIGNATURE

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 SAFETY PRODUCTS, INC.
Dated: July 31, 2026	/s/ Harvey B. Grossblatt
	Harvey B. Grossblatt
	President and Chief Executive Officer

3

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.9 KB