# EDGAR Filing Document

**Accession Number:** 0000102109
**File Stem:** 0001104659-25-057416
**Filing Date:** 2025-6
**Character Count:** 8892
**Document Hash:** e260d2ba6cd8e82406ef9024c2190ecb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-057416.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0001104659-25-057416

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250602

**ITEM INFORMATION**: Changes in Registrant's Certifying Accountant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIVERSAL SECURITY INSTRUMENTS INC
- **CENTRAL INDEX KEY:** 0000102109
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 520898545
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31747
- **FILM NUMBER:** 251032080

**BUSINESS ADDRESS:**
- **STREET 1:** 11407 CRONHILL DRIVE, SUITES A-D
- **CITY:** OWINGS MILLS
- **STATE:** MD
- **ZIP:** 21117-3586
- **BUSINESS PHONE:** 4103633000

**MAIL ADDRESS:**
- **STREET 1:** 11407 CRONHILL DRIVE, SUITES A-D
- **CITY:** OWINGS MILLS
- **STATE:** MD
- **ZIP:** 21117-3586

?xml version='1.0' encoding='ASCII'?

**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): **June 2, 2025**

**UNIVERSAL SAFETY PRODUCTS, INC.** 

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Maryland** | **001-31747** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**52-0898545** |
| (State or Other Jurisdiction <br> of Incorporation) | (Commission File Number) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IRS Employer <br> 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**

**UNIVERSAL SECURITY INSTRUMENTS, INC.**

(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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|:---|
| 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)) |

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Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading symbol | &nbsp;&nbsp;Name of each exchange on which registered |
| &nbsp;&nbsp;**Common Stock** | &nbsp;&nbsp;**UUU** | &nbsp;&nbsp;**NYSE American LLC** |

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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 4.01.** | **Changes in Registrant's Certifying Accountant.** |

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On November 1, 2024, CBIZ CPAs P.C. ("<u>CBIZ</u>") acquired the attest business of Marcum LLP ("<u>Marcum</u>"). 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 "<u>Company</u>"), and, with the approval of the Company's Audit Committee of the Board of Directors, CBIZ was engaged as the Company's independent registered public accounting firm on the same date.

The audit reports of Marcum on the financial statements for the Company's past two fiscal years did not contain any adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.

During the fiscal years ended March 31, 2024 and March 31, 2025, and the subsequent period through June 2, 2025 (the date of Marcum's resignation), there were no disagreements (as defined in Item 304(a)(1)(iv) of regulation S-K and the related instructions to Item 304 of Regulation S-K) with Marcum, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Marcum's satisfaction, would have caused Marcum to make reference to the subject matter of the disagreement in its reports on the consolidated financial statements for such years.

During the fiscal years ended March 31, 2024 and March 31, 2025, and the subsequent period through June 2, 2025, other than the material weaknesses in the Company's internal controls over financial reporting reported by the Company as of March 31, 2024, there were no reportable events (as defined in Item 304(a)(1)(v) of Regulation S-K). The material weaknesses previously disclosed are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· A material weakness arose during the fiscal years ended March 31, 2024, and 2023, in the management review
controls over classification of and disclosure of amounts within the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· A material weakness arose during the fiscal years ended March 31, 2024, and 2023, in the management review
controls over the classification of and accounting for income taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· A material weakness arose during the fiscal year ended March 31, 2024, in management's review and
control over documentation supporting entries posted to the Company's general ledger.

The Company has provided a copy of this Form 8-K to Marcum prior to its filing with the U.S. Securities and Exchange Commission ("<u>SEC</u>") and requested Marcum to furnish a letter addressed to the SEC as required by Item 304(a)(3) of Regulation S-K stating whether Marcum agrees with the above statements and, if it does not agree, the respects in which it does not agree. A copy of a letter from Marcum dated June 6, 2025 is attached as Exhibit 16.1 to this Report and is incorporated herein by reference.

On June 2, 2025, the Audit Committee of the Company's Board of Directors engaged CBIZ as its independent registered public accounting firm for the year ending March 31, 2025, effective immediately.

During the Company's fiscal years ended March 31, 2024 and March 31, 2025, and the subsequent interim period through June 2, 2025, neither the Company nor anyone acting on its behalf has consulted with CBIZ regarding any of the matters or events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d)&nbsp;&nbsp;&nbsp;&nbsp; Exhibits*

The following exhibits are filed herewith:

<u>Exhibit No.</u>

[16.1](tm2517428d1_ex16-1.htm) [Letter of Marcum LLP](tm2517428d1_ex16-1.htm)

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

**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 SAFETY PRODUCTS, INC.** | **UNIVERSAL SAFETY PRODUCTS, INC.** |
| **Date: June 6, 2025** | **By:** | **/s/ Harvey B. Grossblatt** |
|  |  | Harvey B. Grossblatt |
|  |  | President |

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## Exhibit 16.1

**Exhibit 16.1**

![](image_008.jpg)

June 6, 2025

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Commissioners:

We have read the statements made by Universal Security Instruments, Inc. under Item 4.01 of its Form 8-K dated June 2, 2025. We agree with the statements concerning our Firm in such Form 8-K; we are not in a position to agree or disagree with other statements of Universal Security Instruments, Inc. contained therein.

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| |
|:---|
| Very truly yours, |
| ![](image_009.jpg) |
| Marcum LLP |

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![](image_010.jpg)