UUU
Universal Safety Products, Inc4.9800
+0.0200+0.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
11.52MP/E (TTM)
9.76Basic EPS (TTM)
0.51Dividend Yield
0%Recent Filings
8-K
Stockholders reject charter amendments
Universal Safety Products stockholders rejected all four charter amendment proposals at the reconvened special meeting on December 16, 2025. The share increase from 20M to 220M common shares drew 1.3M for votes but failed alongside blank check preferred, Class B common, and voting rights changes. No capital flexibility gained.
10-Q
Q2 FY2026 results
Universal Safety Products posted Q2 FY2026 net sales of $760K, down 89% y/y from $7.2M after selling its smoke/CO alarm business to Feit in May 2025, yet gross margins soared to 60.4% from 27.7% on tariff refunds. Operating loss hit $929K versus $678K income y/y, driven by $400K higher credit loss allowance; net loss of $1.0M exceeded operating due to $47K fair-value change on convertible debentures. YTD sales fell 61% to $4.6M but net income rose to $811K from $135K y/y, fueled by $2.8M asset sale gain—diluted EPS $0.33 on 2.5M shares. Cash swelled to $5.2M, factor line paid off ($0 borrowed, $67K available), offset by $2.6M 8% convertibles (Aug/Sep 2025, due 2026) and $2.3M special dividend. Customer concentration lingers.
8-K
Adjourned special meeting approved
Universal Safety Products adjourned its October 20, 2025 special meeting after approving equity incentive plan, director/executive issuances, convertible note shares, and adjournment. Four key proposals—increasing shares, blank check preferred, Class B common, voting rights—lacked votes. Meeting reconvenes November 14. Stockholders can still vote.
8-K
CEO's new bonus-heavy deal
Universal Safety Products locked in CEO Harvey B. Grossblatt through July 31, 2027, with a $352,286 base salary and bonuses up to $10 million tied to capital raises hitting $1 billion in gross proceeds. The deal layers on rich severance—up to 3x salary post-change of control, capped at 2.99x average pay—and non-compete clauses. Incentives align with fundraising push.
8-K
Declares $1.00 special dividend
Universal Safety Products declared a one-time special cash dividend of $1.00 per share, record date September 18, 2025, payment September 25. It stems from asset sale proceeds to Feit Electric earlier this year. Stock trades with due bills through September 25. Management eyes new products for growth.
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