SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 even reported) March 29, 1999
UNIVERSAL SECURITY INSTRUMENTS, INC.
(Exact name of Registrant as specified in charter)
Maryland
(State or other jurisdiction of incorporation or organization)
0-7885
(Commission File Number)
52-0898545
(I.R.S. Employer Identification Number)
10324 South Dolfield Road
Owings Mills, MD 21117
(410) 363-3000
(Address, including zip code and telephone number, including area
code, of Registrant's principal executive offices)
Not Applicable
(Former name or former address of Registrant, if changed since
last report)
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 4. Changes in Registrant's Certifying Accountant
Prior to the date hereof, Universal Security Instruments,
Inc. (The "Company") had engaged the accounting firm of Deloitte
& Touche LLP to audit the Company's annual financial statements.
In connection with the Company's annual review of accounting and
auditing services for the Company, the Company received proposals
from accounting firms to serve as the Company's independent
certified public accountants and auditors. After evaluating these
proposals, the Board of Directors of the Company has determined
to engage the accounting firm of Grant Thornton LLP to serve as
the Company's independent certified public accountants and
auditors commencing with the fiscal year ending March 31, 1999.
As a result, on March , 1999, Grant Thornton LLP was retained
as the Company's independent certified public accountants to
provide accounting and auditing services for the Company, and the
services of Deloitte & Touche LLP were terminated.
Deloitte & Touche LLP's report on the annual financial
statements of the Company for the prior fiscal years ending March
31, 1996, March 31, 1997 and March 31, 1998 did not contain an
adverse opinion or a disclaimer of opinion, and was not qualified
or modified as to uncertainty, audit scope or accounting
principles. In addition, the Company and Deloitte & Touche LLP
did not have any disagreement on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreement, if not resolved
to the satisfaction of Deloitte & Touche LLP, would have caused
it to make reference to the subject matter of the disagreement in
connection with its report on the annual financial statements of
the Company.
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 hereunto duly authorized.
UNIVERSAL SECURITY INSTRUMENTS, INC.
Date: March 29, 1999 By: Harvey Grossblatt
Harvey Grossblatt, President
8-K
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EXHIBIT INDEX
Exhibit
Number Description of Exhibits Page
1 Letter of Deloitte & Touche LLP 3
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March 29, 1999
Securities and Exchange Commission
Mail Stop 9-5
450 5th Strett, N.W.
Washington, DC 20549
Dear Sirs/Madam:
We have read and agree with the comments in Item 4 of Form 8-K of
Universal Security Instruments, Inc. dated March 29, 1999.
Deloitte & Touche LLP
