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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): August 4, 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)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events and Required FD Disclosure.
On August 4, 2004, Universal Security Instruments, Inc. (the "Company")
issued a press release announcing the sudden passing of its Chairman and CEO,
Stephen C. Knepper. The press release is attached 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 August 4, 2004
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: August 4, 2004 By: /s/ Harvey B. Grossblatt
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Harvey B. Grossblatt
President
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Exhibit 99.1
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[GRAPHIC OMITTED] 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. Inc.
Chairman and CEO Steve Knepper Passes Away
OWINGS MILLS, MD, August 4, 2004 - Universal Security Instruments, Inc. (AMEX:
UUU) President, Harvey Grossblatt, issued the following statement this morning:
"It is with great sadness that I announce that Steve Knepper, a founder of USI
and our Chairman and CEO, died suddenly and unexpectedly this morning in
Baltimore.
"Our entire USI family mourns this tragic loss, and our thoughts and prayers are
with Steve's family. Our deepest sympathies go out to them.
"Steve was a visionary who guided USI's turnaround over the past few years and,
under his leadership, we have assembled a professional and dedicated management
team. We are now a stronger company due to his leadership, and we will forever
be grateful for the 35 years of service. Our management team is committed to
carrying on Steve's legacy and continuing the growth plans for the company."
UNIVERSAL SECURITY INSTRUMENTS, INC. is a U.S.-based manufacturer (through its
Hong Kong Joint Venture) and distributor of residential smoke, fire and carbon
monoxide alarms. Founded in 1969, the Company has a 35-year heritage of
developing innovative and easy-to-install safety devices, including smoke, fire
and carbon monoxide alarms. Universal Security has increased revenue and
earnings while gaining significant new market share since 2001. For more
information on Universal Security Instruments, visit the website at
www.universalsecurity.com.
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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.
7-A GWYNNS MILL COURT o OWINGS MILLS, MARYLAND 21117, USA
(410) 363-3000 o www.universalsecurity.com
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