[NT 10-Q] UNIVERSAL SAFETY PRODUCTS, INC. SEC Filing

Rhea-AI Filing Summary

Universal Safety Products (UUU) filed a Form 12b-25, notifying a late Form 10-Q for the quarter ended September 30, 2025. The delay stems from late‑quarter transactions that require implementing previously unadopted accounting principles, creating added complexity in completing the financial statements.

The company anticipates a significant change in results: lower net income for the quarter and higher net income for the six months ended September 30, 2025, versus the same 2024 periods. All other required periodic reports over the past 12 months have been filed.

Insights

Financial Reporting and Accounting Analyst

Late 10-Q tied to new accounting implementation; lower quarterly NI, higher six-month NI; impact not yet quantified.

Universal Safety Products, Inc. filed an NT 10-Q for the period ended September 30, 2025. The company cites late-quarter transactions requiring implementation of previously unadopted accounting principles, which delayed completion of the financial statements. It also indicates a significant change in results: lower net income for the quarter and higher net income for the six months versus the 2024 comparables, without quantitative detail.

This matters because a late 10-Q introduces reporting uncertainty and suggests complex accounting judgments are in progress. Implementing new accounting principles can affect revenue recognition, expenses, or classification, which may influence comparability and volatility in reported net income. The disclosure of lower quarterly net income contrasts with higher year-to-date performance, implying timing effects tied to those late-quarter transactions and the new accounting.

Watch for the filed 10-Q to: detail which accounting principles were implemented, quantify the quarterly decline and six-month increase in net income, and describe any one-time or recurring impacts. The signature on November 13, 2025 and the affirmative response that prior reports were filed establish context on reporting history; focus next on the magnitude and nature of the accounting changes when the 10-Q posts.

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:          September 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 transactions occurring late in the fiscal quarter, the Registrant must implement previously unadopted accounting principles. The Registrant needs additional time to complete its financial statements due to complexities encountered in this process.

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: November 13, 2025	By:	/s/ Harvey B. Grossblatt
		Harvey B. Grossblatt
		President

UNIVERSAL SAFETY PRODUCTS, INC.

FORM 12b-25

FISCAL QUARTER ENDED SEPTEMBER 30, 2025

PART IV, ITEM 3

The Registrant anticipates lower net income for the quarter and higher net income for the six months ended September 30, 2025, as compared to operating results for the corresponding 2024 periods. 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

What did UUU file and for which period?

UUU filed a Form 12b-25 for a late Form 10-Q covering the quarter ended September 30, 2025.

Why was UUU’s 10-Q delayed?

Late‑quarter transactions require implementing previously unadopted accounting principles, adding complexity to finalizing financial statements.

Does UUU expect changes in results?

Yes. The company anticipates lower quarterly net income and higher six‑month net income versus the 2024 periods.

Has UUU kept up with other SEC filings?

Yes. The company indicated all other required periodic reports over the past 12 months have been filed.

Did UUU provide quantitative estimates?

No. The company stated it has not yet completed its financial statements and did not provide definitive figures.

Who is the contact for this notice?

Contact Harvey B. Grossblatt at (410) 363-3000.