Attached files
| file | filename |
|---|---|
| EX-99.1 - UNIVERSAL SECURITY INSTRUMENTS INC | v175756_ex99-1.htm |
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): February 22, 2010
UNIVERSAL
SECURITY INSTRUMENTS, INC.
(Exact
name of registrant as specified in its charter)
|
Maryland
|
0-7885
|
52-0898545
|
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission File
Number)
|
(IRS
Employer
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:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
| o |
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
8.01. Other
Events.
On February 22, 2010, the Registrant
entered into a Settlement and License Agreement with United Technologies
Corporation (“UTC”) and its subsidiary, Walter Kidde Portable Equipment, Inc.
(“Kidde”).
Under the
terms of the confidential Agreement, all claims and counterclaims in the
lawsuits currently pending between the Registrant and UTC and Kidde, as
previously reported by the Registrant in its periodic filings, have been
mutually dismissed. Additionally, UTC and Kidde have granted to the
Registrant world-wide non-exclusive licenses under the patented technology in
litigation.
Item
9.01. Financial Statements
and Exhibits.
(c) Exhibits
The
following exhibits are filed herewith:
|
Exhibit
No.
|
||
|
99.1
|
Press
release dated February 26, 2010
|
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:
February 26, 2010
|
By:
|
/s/ Harvey B. Grossblatt | |
| Harvey B. Grossblatt | |||
| President | |||