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): June 16, 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, Maryland 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)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 2. Acquisition or Disposition of Assets.
Universal Security Instruments, Inc. sold its headquarters facility
in Owings Mills, MD, on June 16, 1999 for a price of $2.2 million to KA Real
Estate Associates, LLC. After deducting the mortgage and settlement charges,
the Company will report, in its quarter ending June 30, 1999, a gain on the
sale of this property of approximately $800,000.
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: July 1, 1999 By: /s/ Harvey B. Grossblatt
Harvey B. Grossblatt, President
