Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure required by this Item and included in

The Note described in this Current Report on Form 8-K was offered and issued to SJC in reliance upon exemption from the registration requirements under Section 4(a)(2) under the Securities Act of 1933, as amended.

Entry into a Material Definitive Agreement. On June 12, 2026 (the “ Execution Date ”), Universal Safety Products, Inc., a Maryland corporation (the “ Company ”) entered into a Securities Purchase Agreement (the “ Agreement ”) with SJC Lending LLC, a Delaware limited liability company (“ SJC ”), pursuant to which the Company agreed to sell to SJC convertible promissory notes in the aggregate principal amount of up to $10,600,000 (the “ Convertible Notes ”) for a total purchase price of up to $…

Unregistered Sales of Equity Securities. On March 11, 2026, Universal Safety Products, Inc. (the “ Company ”) issued 125,000 shares of its common stock, par value $0.01 per share (the “ Common Stock ”) upon conversion of $470,720 of principal and accrued interest under a convertible note issued on September 25, 2025 (the “ Convertible Note ”). On May 15, 2026, the Company issued 185,575 shares of C ommon Stock upon conversion of $886,872.70 of principal and accrued interest under the Converti…

Unregistered Sales of Equity Securities. Between January 26, 2026 and February 3, 2026, Universal Safety Products, Inc. (the “ Company ”) issued an aggregate of 405,000 shares of its common stock, par value $0.01 per share (the “ Common Stock ”) upon conversion of $1,503,424.80 of principal and accrued interest under a convertible note. The shares of Common Stock were offered and sold in reliance upon an exemption from the registration requirements under Section 4(a)(2) under the Securities A…

President and Chief Executive Officer — Harvey B. Grossblatt: Mr. Grossblatt's employment agreement was renewed and extended through July 31, 2027.

Entry into a Material Definitive Agreement. The information set forth under

Regulation FD Disclosure. On September 2, 2025, Universal Safety Products, Inc. (the “ Company ”) issued a press release (the “ Press Release ”) announcing a one-time special cash dividend to holders of the Company’s common stock, par value $0.01 per share (the “ Common Stock ”) of $1.00 per share (the “ Special Dividend ”). The record date for the dividend is September 18. 2025 , and the payment date is September 25, 2025. A copy of the Press Release is furnished herewith as Exhibit 99.1 and…

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure required by this Item and included in

The Note described in this Current Report on Form 8-K was offered and issued to SJC in reliance upon exemption from the registration requirements under Section 4(a)(2) under the Securities Act of 1933, as amended.

Entry into a Material Definitive Agreement. On August 13, 2025 (the “ Execution Date ”), Universal Safety Products, Inc., a Maryland corporation (the “ Company ”) entered into a Securities Purchase Agreement (the “ Agreement ”) with SJC Lending LLC, a Delaware limited liability company (“ SJC ”), pursuant to which the Company agreed to sell to SJC convertible promissory notes in the aggregate principal amount of up to $2,750,000 (the “ Convertible Notes ”) for a total purchase price of up to…

Director — Cary Luskin: Resigned from the Board for personal reasons.

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On July 16, 2025, Universal Safety Products, Inc. (the “Company”) received a letter (the “Delinquency Notification”) from NYSE Regulation stating that the Company is not in compliance with the continued listing standards of NYSE American LLC (the “Exchange”) due to the Company’s failure to timely file its Annual Report on Form 10-K for the year ended March 31, 2025 with the Securities and Exch…

Changes in Registrant's Certifying Accountant. On November 1, 2024, CBIZ CPAs P.C. (“ CBIZ ”) acquired the attest business of Marcum LLP (“ Marcum ”). Accordingly, on June 2, 2025, as a result of the acquisition, Marcum resigned as the named audit firm of Universal Safety Products, Inc., formerly “Universal Security Instruments, Inc.” (the “ Company ”), and, with the approval of the Company’s Audit Committee of the Board of Directors, CBIZ was engaged as the Company’s independent registered p…

Entry into a Material Definitive Agreement. As previously announced, on October 29, 2024, Universal Security Instruments, Inc. and its wholly-owned subsidiary, USI Electric, Inc. (collectively, the “ Company ”), entered into an Asset Purchase Agreement (the “ Agreement ”) with Feit Electric Company, Inc., a California corporation (“ Feit Electric ”), pursuant to which Feit Electric agreed to acquire certain assets of the Company (the “ Asset Sale ”), consisting of smoke alarm and carbon monox…

Completion of Acquisition or Disposition of Assets. Certain information required by this

Director — Henry Nisser, Milton C. (Todd) Ault, III: Two new directors were appointed in accordance with a previously announced Memorandum of Understanding.

Entry into a Material Definitive Agreement. To the extent the terms of the MOU referred to in

Other Events. On April 15, 2025, the Company entered into a Memorandum of Understanding (“ MOU ”) with Ault & Company, Inc., a Delaware corporation (“ A&C ”). Harvey Grossblatt, President and Chief Executive Officer of the Company, joined in the MOU for the limited purposes set forth therein. Pursuant to the MOU, A&C agreed to vote at the Meeting (defined below) all the shares of the Company’s Common Stock (the “ Common Stock ”) that it has the power to vote in favor of (i) the sale of all or…

Other Events. As stated in the Proxy Statement, in the event that the Company’s shareholders approve the Asset Sale but not the Dissolution, the Company will still seek to complete the Asset Sale. As reported above, the shareholders did not approve the Dissolution and, as a result, the Company cannot proceed at this time with the Dissolution. The Board is evaluating alternatives available to the Company, including, among other things, using the cash to pay a dividend, acquiring other business…

Results of Operations and Financial Condition. On February 14, 2025, Universal Security Instruments, Inc. (the “Company”) announced its results of operations for its fiscal quarter and nine months ended December 31, 2024. A copy of the Company’s press release announcing such results dated February 14, 2025 is attached hereto as Exhibit 99.1. This Form 8-K and the attached exhibit are furnished to, but not filed with, the Securities and Exchange Commission (“SEC”) and shall not be deemed to be…

Entry into a Material Definitive Agreement. As previously reported, on October 29, 2024, Universal Security Instruments, Inc., a Maryland corporation (“ USI ”), entered into an Asset Purchase Agreement (the “ Purchase Agreement ”) by and among USI, a wholly owned subsidiary of USI and Feit Electric Company, Inc., a California corporation. On November 18, 2024, Harvey B. Grossblatt, President and Chief Executive Officer of USI and USI entered into a letter agreement (the “ Letter Agreement ”)…

Entry into a Material Definitive Agreement. On October 29, 2024, Universal Security Instruments, Inc., a Maryland corporation (“USI”) and USI’s wholly-owned subsidiary, USI Electric, Inc., a Texas corporation (“USI Electric” and, together with USI, the “Company”), on the one hand, entered into an Asset Purchase Agreement (collectively, including its exhibits and ancillary agreements, the “Agreemen t ”) with Feit Electric Company, Inc., a California corporation (“Feit Electric”), on the other…

Entry into a Material Definitive Agreement. On July 10, 2024, the Registrant entered into an Addendum to the Second Amended and Restated Employment Agreement dated as of July 18, 2005 with Harvey B. Grossblatt, President and Chief Executive Officer of the Registrant (the “Addendum”). The Addendum extended the term of Mr. Grossblatt’s employment by one year, from July 31, 2024 to July 31, 2025. In addition, the Registrant continued the bonus threshold on which the Executive may earn a bonus fo…

Other Events . As was discussed in previous filings made by Universal Security Instruments, Inc. (the “ Company ”), in connection with the now terminated Agreement and Plan of Merger between the Company and Infinite Reality, Inc., the Company’s Board of Directors has, from time to time, considered a number of factors that greatly impact the Company’s future prospects and shareholder value, including the following: (a) the Company’s business, operational and financial prospects, and the limite…