[NT 10-Q] Universal Safety Products, Inc. SEC Filing

Rhea-AI Filing Summary

Universal Safety Products, Inc. filed a Form 12b-25 notifying a late NT 10-Q for the period ended June 30, 2025. The company says ongoing global disruptions delayed auditor confirmations of balances and required additional audit time. It elected relief to file the report within 15 calendar days. The registrant anticipates lower sales but higher net income for the quarter due to a reported asset sale, but cannot yet quantify results. Other required periodic reports for the past 12 months have been filed. Contact is listed as Harvey B. Grossblatt.

Positive

• elected to file the delayed 10-Q within 15 calendar days
• Anticipates higher net income for the quarter due to a reported asset sale
• All other periodic reports required in the prior 12 months have been filed

Negative

• 10-Q filing is late due to delays obtaining audit confirmations
• Registrant cannot yet quantify results for the quarter ended June 30, 2025
• Anticipated lower sales for the quarter ended June 30, 2025

Insights

Financial Analyst

TL;DR: Late 10-Q driven by audit confirmation delays; asset sale may boost net income while sales decline; key figures not yet available.

The registrant submitted a Form 12b-25 stating that global disruptions delayed the confirmations auditors require, and the independent auditors need additional time to complete procedures. The company checked the box indicating it intends to file the quarter on or before the fifteenth calendar day following the prescribed due date, which limits the timing risk. Management indicates lower sales but higher net income for the quarter ended June 30, 2025 due to a reported asset sale, however no quantitative results are provided. All other periodic reports in the prior 12 months are reported as filed. From a fundamentals perspective, the material impact depends on the size of the asset sale and associated gains, which the filing does not quantify.

Risk Analyst

TL;DR: Disclosure delay reflects operational/audit friction; inability to quantify results increases short-term information risk for investors.

The notification cites difficulty obtaining confirmations and additional audit procedures as the proximate cause of the late NT 10-Q. The company has formalized a timeline to complete the filing within the 15-day relief window, reducing prolonged disclosure uncertainty. The registrant acknowledges anticipated lower sales but expects higher net income tied to an asset sale; because amounts are not yet presented, stakeholders cannot assess magnitude or permanence of the effect. The filing confirms other periodic reports are current, which mitigates broader compliance concerns.

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 12b-25

SEC File Number: 001-31747

CUSIP Number: 913821 30 2

NOTIFICATION OF LATE FILING

(Check one):  ¨ Form 10-K   ¨ Form 20-F   ¨ Form 11-K    x Form 10-Q

¨ Form 10-D   ¨ Form N-SAR    ¨ Form N-CSR

For Period Ended:          June 30, 2025           

¨	Transition Report on Form 10-K	¨	Transition Report on Form 10-Q
¨	Transition Report on Form 20-F	¨	Transition Report on Form N-SAR
¨	Transition Report on Form 11-K

For the Transition Period Ended:                           

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: ________________________________________________________________________________

PART I

REGISTRATION INFORMATION

Full Name of Registrant:        Universal Safety Products, Inc.        

Former Name if Applicable:         N/A        

Address of Principal Executive Office (Street and Number):          11407 Cronhill Drive, Suite A          

City, State and Zip Code:         Owings Mills, Maryland 21117        

PART II

RULE 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25 (b), the following should be completed. (Check box if appropriate)

x (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

x (b)  The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report of Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

¨ (c) The accountant’s statement or other exhibit required by Rule 12-b-25 (c) has been attached if applicable.

PART III

NARRATIVE

State below in reasonable detail the reasons why the form 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Due to ongoing global disruptions, the Registrant has experienced delays in obtaining confirmation of balances required by auditing standards. These disruptions, within its own operations, and those of its customers and suppliers, resulted in the independent auditors requiring additional time to complete procedures.

PART IV

OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this notification.

Harvey B. Grossblatt	(410)	363-3000
(Name)	(Area Code)	(Telephone Number)

(2)  Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or section 30 of Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).

x Yes ¨ No

(3)  Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

x Yes ¨ No

If so: attach an explanation of the anticipated change both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

Universal Safety Products, Inc.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.

Date: August 14, 2025	By:	/s/ Harvey B. Grossblatt
		Harvey B. Grossblatt
		President

UNIVERSAL SAFETY PRODUCTS, INC.

FORM 12b-25

FISCAL QUARTER ENDED JUNE 30, 2025

PART IV, ITEM 3

The Registrant anticipates lower sales but higher net income for the fiscal quarter ended June 30, 2025, as compared to operating results for the corresponding period in the prior year, primarily due to the reported asset sale during the period. However, inasmuch as the Registrant has not yet completed its financial statements, at this time the Registrant is unable to definitively quantify its results of operations.

FAQ

Why is Universal Safety Products (UUU) filing a Form 12b-25?

The registrant reports that ongoing global disruptions delayed obtaining confirmation of balances required by auditing standards, and the independent auditors required additional time to complete procedures.

When will UUU file the delayed 10-Q?

The company checked relief under Rule 12b-25 and intends to file the subject quarterly report on or before the fifteenth calendar day following the prescribed due date.

Does the filing indicate any change in quarterly results for UUU?

Yes. The registrant anticipates lower sales but higher net income for the quarter ended June 30, 2025, primarily due to a reported asset sale, but it cannot yet quantify the results.

Have all other required periodic reports been filed for UUU?

Yes. The registrant indicated that all other periodic reports required under the Securities Exchange Act during the preceding 12 months have been filed.

Who is the company contact for this notification?

Contact listed is Harvey B. Grossblatt, telephone (410) 363-3000.