Universal Safety Products Inc.

08/07/2026 | Press release | Distributed by Public on 08/07/2026 14:58

Amendments to Bylaws (Form 8-K)

Item 5.03 Amendments to Articles of Incorporation; Change in Fiscal Year.

On August 7, 2026, Universal Safety Products, Inc., a Maryland corporation (the "Company") filed articles of amendment (the "Articles of Amendment") to its Articles of Incorporation (the "Articles of Incorporation"), with the Maryland State Department of Assessments and Taxation (the "SDAT"), to (i) effectuate an increase to the number of authorized shares of its common stock, par value $0.01, to 525,000,000 from 20,000,000 (the "Authorized Increase") and (ii) eliminate super-majority voting requirements (the "Super-Majority Voting Elimination"). As a result of the Super-Majority Voting Elimination, future amendments to the Articles of Incorporation will require the affirmative vote from the holders of a majority of all votes entitled to be cast on the matter.

The Authorized Increase and Super-Majority Voting Elimination were approved by the Company's board of directors, subject to stockholder approval, on June 12, 2026, and approved by a super-majority vote of the stockholders of the Company at its July 31, 2026 Special Meeting of Shareholders. The Articles of Amendment become effective when the SDAT accepts the filing for record.

The foregoing description of the Articles of Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Articles of Amendment, a copy of which is attached as Exhibit 3.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

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