Edgar Filing: UNIVERSAL SECURITY INSTRUMENTS INC

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 17, 2013

UNIVERSAL SECURITY INSTRUMENTS, INC.

(Exact name of registrant as specified in its charter)

Maryland	0-7885	52-0898545
(State or Other Jurisdiction	(Commission File Number)	(IRS Employer
of Incorporation)		Identification No.)

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:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.07. Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Stockholders of Universal Security Instruments, Inc. (the “Company”) was held on October 17, 2013. The matters submitted to the stockholders for a vote were: (i) the election of two directors; (ii) a non-binding resolution approving the compensation of the executive officers named in the proxy statement; (iii) a non-binding vote on the frequency of stockholder votes on the compensation of the executive officers named in the proxy statement; and (iv) 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 2014 fiscal year.

Of the 2,287,887 shares entitled to notice of and to vote at the meeting, 1,970,397 shares (or 86.12% of the total shares) were represented at the meeting.

(i)

The nominees submitted for election as directors were Cary Luskin and Ira F. Bormel, each 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:

Name

For

Withhold

Abstain

Broker
Non-Votes

Cary Luskin

783,560

334,922

851,915

Ira F. Bormel

785,049

333,433

851,915

As a result, the nominees were elected. Harvey B. Grossblatt and Ronald A. Seff, M.D. were not up for re-election and continue in office as Directors after the Meeting.

(ii)

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:

For

Against

Abstain

Broker
Non-Votes

677,489

433,610

7,383

851,915

As a result, the resolution was approved.

(iii)

The results of the non-binding vote on the frequency of stockholder votes on the compensation of the executive officers named in the proxy statement were as follows:

One Year

Two Years

Three Years

Abstain

Broker
Non-Votes

662,384

8,423

414,703

884,887

As a result, the frequency of every year was approved. Consistent with the non-binding vote of the stockholders, the Company has determined to hold future advisory votes on executive compensation every year.

(iv)

The results of the vote on the proposal to authorize selection of an auditor were as follows:

For

Against

Abstain

Broker
Non-Votes

1,818,147

151,810

440

As a result, the proposal was approved.

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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.

	UNIVERSAL SECURITY INSTRUMENTS, INC. (Registrant)


Date: October 17, 2013	By:	/s/ Harvey B. Grossblatt
		Harvey B. Grossblatt
		President

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