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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): March 1, 2004
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.)
7-A Gwynns Mill Court, 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)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events and Required FD Disclosure.
Reference is made to the press release issued by the Registrant on
March 1, 2004, the text of which is attached hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
The following exhibits are filed herewith:
Exhibit No.
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99.1 Press Release dated March 1, 2004
1
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: March 1, 2004 By: /s/ Harvey B. Grossblatt
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Harvey B. Grossblatt
Chief Executive Officer
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Exhibit 99.1
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For Immediate Release
Contact: Harvey Grossblatt, President
Universal Security Instruments, Inc.
410-363-3000, Ext. 224
or
Don Hunt, Jeff Lambert
Lambert, Edwards & Associates, Inc.
616-233-0500
Universal Security Instruments Announces 4-for-3 Stock Split
Board of Directors Approves Stock Dividend
Following 11th Consecutive Profitable Quarter
OWINGS MILLS, MD, March 1, 2004 - Universal Security Instruments, Inc. (AMEX:
UUU) today announced a 4-for-3 stock split in the form of a 33?% stock dividend
to holders of record on March 15, 2004, payable on April 5, 2004. Cash will be
paid in lieu of fractional shares.
Steve Knepper, chairman of the board and chief executive officer said, "This
stock split is a reflection of the confidence we have in the future of our
company. Universal has taken a number of significant steps to ensure fair market
valuation over the long term. Our July move to the AMEX set an important new
foundation for us. This split builds on that foundation."
UNIVERSAL SECURITY INSTRUMENTS, INC. (www.universalsecurity.com), founded in
1969, is a worldwide marketer of safety and security products directly and
through its 50%-owned Hong Kong joint venture.
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Statements contained in this press release that are not historical facts are
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Although UNIVERSAL SECURITY INSTRUMENTS, INC.
believes that the expectations reflected in such forward-looking statements are
reasonable; the forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
projections.