Universal Safety Products Holds Special Shareholder Meeting on Charter Amendments

Universal Safety Products held a special stockholder meeting on July 31, 2026.

• Stockholders authorized an increase in common shares to 525,000,000 from 20,000,000.
• Votes rejected a charter change to authorize 25,000,000 preferred shares with terms set by the board.
• Holders also rejected authorization of 25,000,000 class B common shares.
• They backed eliminating super-majority voting rights, and also approved issuing additional common shares underlying convertible notes.