Current Report Filing (8-k)
October 31 2018 - 6:12AM
Edgar (US Regulatory)
UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13
OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
October 26, 2018
UNIVERSAL
SECURITY INSTRUMENTS, INC.
(Exact name of registrant as specified in
its charter)
Maryland
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001-31747
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52-0898545
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(State or Other Jurisdiction
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(Commission
File Number)
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(IRS Employer
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of Incorporation)
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Identification No.)
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11407 Cronhill Drive, Suite A, Owings
Mills, Maryland 21117
(Address of Principal Executive Offices)
Registrant’s telephone number, including
area code:
(410) 363-3000
Inapplicable
(Former Name or Former Address if Changed
Since Last Report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
INFORMATION TO BE INCLUDED IN THE REPORT
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Item 5.07.
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Submission of Matters to a Vote of Security Holders.
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The Annual Meeting
of Stockholders of Universal Security Instruments, Inc. (the “
Company
”) was held on October 26, 2018. The matters
submitted to the stockholders for a vote were: (i) the election of one director; (ii) a non-binding resolution approving the compensation
of the executive officers named in the proxy statement; and (iii) the authorization of the Company’s Board of Directors to
accept the selection by the Audit Committee of an outside auditing firm for the Company’s 2019 fiscal year.
Of the 2,312,887 shares
entitled to notice of and to vote at the meeting, 1,598,697 shares (or 69.2% of the total shares) were represented at the meeting.
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(i)
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The nominee submitted for election as director was Harvey B. Grossblatt, for a term of three years,
as described in the Proxy Statement distributed to stockholders in connection with the meeting. The following are the voting results
(in number of shares) with respect to the election of directors:
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Name
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For
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Withhold
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Abstain
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Broker
Non-Votes
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Ronald A. Seff, M.D.
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485,567
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148,852
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0
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964,278
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As a result, the nominee
was elected. Ira Bormel, Harvey B. Grossblatt and Cary Luskin were not up for re-election and continue in office as Directors after
the Meeting.
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(ii)
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The results of the vote on the non-binding resolution approving the compensation of the executive
officers named in the proxy statement were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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467,914
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164,780
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1,725
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964,278
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As a result, the resolution was
approved.
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(iii)
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The results of the vote on the proposal to authorize selection of an auditor were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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1,397,099
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201,598
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0
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0
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As a result, the proposal
was approved.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
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UNIVERSAL SECURITY INSTRUMENTS, INC.
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(Registrant)
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Date: October 31, 2018
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By:
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/s/ Harvey B. Grossblatt
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Harvey B. Grossblatt
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President
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