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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): September 8, 2003




                      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.

     On September 8, 2003, Universal Security Instruments,  Inc. (the "Company")
held its Annual  Meeting  of  Stockholders.  The only  matter  submitted  to the
stockholders  for a vote was the  election of one director in the Class of 2006.
The nominee was Ronald A. Seff,  M.D. At the Meeting,  at least  744,996  shares
were voted in favor of the nominee,  no more than  330,585  shares were voted to
withhold  approval of the nominee's  election,  and 812 shares  abstained.  As a
result, the nominee was elected.

     On July 21, 2003,  the Board of  Directors of the Company  reduced its size
from six to five,  effective at the Annual Meeting,  leaving one directorship in
the Class of 2006 to be elected at the Meeting. Michael L. Kovens, a director in
the Class of 2003,  is no  longer a  director.  Mr.  Kovens,  who is the  former
Chairman and chief executive  officer of the Company and the beneficial owner of
285,264  shares of the  Company's  common  stock as of July 21, 2003 (the record
date for the Annual Meeting),  had filed suit to enjoin the Company from holding
the Annual Meeting and for other relief. Following a hearing on September 3, the
court refused to issue the temporary  restraining  order requested by Mr. Kovens
to enjoin the Company from holding the Annual Meeting.

     Directors not up for re-election and continuing in office after the Meeting
are:  Harvey  B.  Grossblatt,  Stephen  C.  Knepper,  Cary  Luskin,  and  Howard
Silverman, Ph.D.






                                   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: September 9, 2003                     By:    /s/ Harvey B. Grossblatt
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                                               Harvey B. Grossblatt
                                               President