Universal Safety Products, Inc. filings document the Maryland company's public-company governance, capital structure and material events following its name change from Universal Security Instruments. Recent records include proxy materials for director elections, auditor ratification and advisory compensation votes; Form 8-K reports on stockholder voting matters; notices of late Form 10-Q filings; and disclosures about unregistered common stock issued upon conversion of a convertible note.
The filings also describe proposals affecting authorized shares, blank check preferred stock, Class B common stock and voting rights, along with NYSE American-listed common stock registration details and reporting-compliance matters.
Universal Safety Products director and 10% owner Milton C. Ault III reported net share purchases. On March 2–3, 2026, entities associated with him, including Ault Lending, LLC, bought a total of 27,000 shares of common stock in open-market transactions at volume-weighted average prices of $4.9351, $4.7961, and $4.7411 per share.
Following these transactions, Ault Lending held 518,630 shares, Mr. Ault directly held 700 shares, Alpha Structured Finance LP held 10,000 shares, and Ault & Company, Inc. held 6,000 shares, all of which may be deemed beneficially owned by Mr. Ault through his roles in these entities.
UNIVERSAL SAFETY PRODUCTS, INC. reported that entities associated with director and ten-percent owner Milton C. Ault III made open-market purchases of the company’s common stock. On February 27, 2026, Ault Lending, LLC bought 10,060 shares at $5.0041 each. On February 26, 2026, Ault Lending, LLC bought 2,106 shares at $4.7385 each.
After these trades, Ault Lending, LLC held 492,130 shares, reported as indirectly owned. Additional common stock positions were reported as 200 shares held directly, 10,000 shares indirectly through Alpha Structured Finance LP, and 6,000 shares indirectly through Ault & Company, Inc.
Universal Safety Products director and 10% owner Milton C. Ault III reported additional indirect purchases of UUU common stock through affiliated entities. Ault Lending, LLC bought 2,231 shares at $4.6996 on February 24, 2026 and 970 shares at $4.7290 on February 25, 2026 in open-market transactions, totaling 3,201 shares. After these trades, Ault Lending, LLC held 479,964 shares indirectly. As of February 24, 2026, related reported holdings also included 200 shares held directly, 10,000 shares held through Alpha Structured Finance LP, and 6,000 shares held through Ault & Company, Inc.
Universal Safety Products, Inc. is holding its 2026 annual stockholder meeting virtually on March 27, 2026, with a record date of February 24, 2026, covering 2,717,787 common shares entitled to one vote each.
Stockholders are asked to elect one Class II and two Class III directors, ratify CBIZ CPAs P.C. as independent auditor for the year ending March 31, 2026, approve on an advisory basis the compensation of named executive officers, and choose how often to hold future say‑on‑pay votes, with the Board recommending every three years.
The proxy details board structure and independence, committee roles, director pay of $10,000 per independent director in 2025, CEO total compensation of $433,280 with a 4.31:1 CEO‑to‑median pay ratio, a new 2025 Stock Incentive Plan authorizing up to 1,000,000 shares, and related‑party use of the CEO’s and family credit cards for up to $1.1 million of company expenses in 2025, which were fully reimbursed.
UNIVERSAL SAFETY PRODUCTS, INC. director and ten percent owner Milton C. Ault III reported additional indirect purchases of the company’s common stock through affiliated entities. On February 23, 2026, Ault Lending, LLC, a wholly owned subsidiary of Hyperscale Data, Inc., purchased 8,281 shares in open-market transactions at a volume-weighted average price of $4.8543 per share, bringing its indirect holdings to 476,763 shares. On February 20, 2026, Ault Lending, LLC bought a further 6,025 shares at an average price of $4.6590, for indirect ownership of 468,482 shares following that purchase. The filing also reports Mr. Ault’s direct holding of 200 shares and indirect holdings of 10,000 shares through Alpha Structured Finance LP and 6,000 shares through Ault & Company, Inc., which he may be deemed to beneficially own through his roles with those entities.
Universal Safety Products, Inc. reported sharply weaker results for the quarter ended December 31, 2025 after selling its smoke and carbon monoxide alarm business to Feit Electric. Quarterly net sales fell to $22,549 from $5,535,148, producing a gross loss and a net loss of $2,287,174, or $0.99 per share.
For the nine months, sales dropped to $4,606,795 from $17,336,933 and the net loss widened to $1,476,633, despite a $2,820,668 gain on the asset sale. Selling, general and administrative costs stayed high at $4,320,649, including $896,700 of stock-based compensation, professional fees related to strategic alternatives, and workforce reduction costs.
Cash rose to $4,292,476 from $348,074, helped by sale proceeds and new 8% convertible debentures, while the factoring line was largely repaid. Total assets fell to $5,500,042 and shareholders’ equity declined to $2,270,991. Management disclosed that disclosure controls remain ineffective, with multiple material weaknesses in accounting, tax, complex instruments, and segregation of duties still unresolved.
Universal Safety Products, Inc. filed a notice that it will not submit its Form 10-Q for the quarter ended December 31, 2025 on time. The company says it needs more time to complete its financial statements because of complexities in its current operating and financial model.
Universal Safety Products also expects significantly lower sales and reduced net income for the quarter and the nine months ended December 31, 2025 compared with the same periods in 2024. Management has not yet finished the financial statements and therefore cannot provide a precise estimate of these results.
Universal Safety Products, Inc. sees a major ownership update from the Ault-affiliated group in this Amendment No. 9 to Schedule 13D. The filing is based on 2,312,887 common shares outstanding as of November 19, 2025, plus 405,000 additional shares issued upon note conversions, and includes option shares for two directors for percentage calculations.
Ault Lending has acquired a total of 300,000 shares under a stock purchase agreement with JLA Realty Associates LLC for an aggregate $1,800,000, paid via promissory notes. On February 4, 2026, a second closing under that agreement added 205,000 shares and a new note with $1,230,000 initial principal. Ault Lending now beneficially owns 462,457 shares, or 17.0% of the company.
Through layered ownership entities, Hyperscale Data, Inc. and Ault Capital Group, Inc. may each be deemed to beneficially own 472,457 shares, or 17.4%. Milton C. Ault III is reported as beneficially owning 528,657 shares, approximately 19.1% of Universal Safety’s common stock, including 50,000 vested options with a $3.40 strike price expiring August 26, 2035. Director Henry C. Nisser holds 25,000 vested options, representing less than 1% on an as-converted basis.
Universal Safety Products, Inc. reported that between January 26, 2026 and February 3, 2026 it issued 405,000 shares of common stock upon conversion of $1,503,424.80 of principal and accrued interest under a convertible note.
The common shares were issued in a private transaction relying on the Section 4(a)(2) exemption from registration under the Securities Act of 1933. As of February 3, 2026, the company had 2,717,887 shares of common stock outstanding.
Universal Safety Products, Inc. director Milton C. Ault III reported an indirect purchase of common stock tied to an affiliated entity. On February 4, 2026, Ault Lending, LLC, a wholly owned subsidiary of Hyperscale Data, Inc., purchased 205,000 shares of Universal Safety Products at $6 per share.
Following this transaction, Ault Lending holds 462,457 shares indirectly attributed to Mr. Ault through his voting and investment power. The filing also reports 200 shares held directly, and additional indirect holdings of 10,000 shares through Alpha Structured Finance LP and 6,000 shares through Ault & Company, Inc., which Mr. Ault may be deemed to beneficially own.