UNIVERSAL SAFETY PRODUCTS, INC. 8-K

What Happened
Universal Safety Products, Inc. (Maryland) filed an 8-K reporting the results of its March 27, 2026 annual meeting of stockholders. As of the record date (February 24, 2026) there were 2,717,787 shares of common stock outstanding and entitled to vote. Stockholders elected three directors and approved the ratification of CBIZ CPAs P.C. as the independent registered public accounting firm for the fiscal year ending March 31, 2026, and approved non-binding advisory votes on executive compensation and the frequency of those advisory votes.

Key Details

• Record date and shares outstanding: February 24, 2026; 2,717,787 shares entitled to vote.
• Directors elected:
  • Ira F. Bormel (Class II, term to 2028): For 736,173; Against 80,519; Abstain 41,856; Broker non-votes 586,187.
  • Harvey B. Grossblatt (Class III, term to 2029): For 792,783; Against 62,703; Abstain 3,062; Broker non-votes 586,187.
  • Henry C.W. Nisser (Class III, term to 2029): For 853,679; Against 4,205; Abstain 664; Broker non-votes 586,187.
• Auditor ratified: CBIZ CPAs P.C. — For 1,361,691; Against 50,957; Abstain 32,045; Broker non-votes 42.
• Say-on-pay (advisory) approved: For 741,119; Against 115,107; Abstain 2,322; Broker non-votes 586,187.
• Say-on-frequency vote: plurality for a three-year cycle (3 years: 695,035); company will hold advisory votes on executive compensation every three years.

Why It Matters
These votes finalize the company’s board composition and confirm its auditor for the coming fiscal year, both of which are important for governance and financial oversight. The non-binding approval of executive pay (and the three-year frequency decision) tells investors that shareholders generally supported management’s compensation policies and that future advisory votes on pay will occur every three years. Investors should note the vote tallies for each director and proposal as indicators of shareholder support.