Universal Safety Products In (UUU) Smart Money Holdings (13F, Q2 2026)

Universal Safety Products (UUU) filed a charter amendment with Maryland's Department of Assessments and Taxation on August 7, increasing its authorized common stock from 20 million shares to 525 million shares and eliminating the super-majority voting requirement for future charter amendments. The board approved the changes on June 12, subject to shareholder approval, and stockholders voted in favor by a super-majority at the July 31 special meeting. The amendment takes effect once SDAT accepts the filing; the 8-K notes the summary is qualified by the full amendment attached as an exhibit.

Universal Safety Products, Inc. (UUU) held a special stockholders' meeting on July 31, 2026, and shareholders voted on five proposals. Proposals 1, 4 and 5 passed: increasing authorized common stock from 20,000,000 to 525,000,000 shares, eliminating super-majority voting requirements, and approving the issuance of additional common shares underlying convertible notes tied to a June 12, 2026 securities purchase agreement. Proposals 2 and 3, which would have authorized 25,000,000 shares of preferred stock and 25,000,000 shares of Class B common stock, were rejected.