Mace Press Releases

October 10th, 2019

Mace (MACE:OTCQX) Announces Timing of Third Quarter Earnings Call

 

Investor Relations Contact:

Mark E. Barrus
Senior Vice President, Chief Financial Officer, and Secretary
Mbarrus@mace.com
(216) 539-0485

Timing of Q3 Earnings Call Announced

CLEVELAND, October 10, 2019 /ACCESSWIRE/ – Mace® Security International, Inc. (OTCQX: MACE), a globally recognized leader in personal safety products, announces the timing of it’s Earnings Call for the Third Quarter of 2019. Mace® will conduct a conference call on Thursday, October 31, 2019, at 1 PM EDT, 10 AM PDT to discuss its financial and operational performance for the quarter ended September 30, 2019.

Participant Toll-Free Dial-In Number: (877) 719-8065; Conference ID 8266357

A digital recording of the conference call will be available for replay after the call’s completion. The date ranges the recording will be available are listed below. To access the recording, use the dial-in number listed below and the conference ID 8266357:

Encore dial-in number: (855) 859-2056 or (404) 537-3406
***In addition to the toll-free number listed above, you can also dial (800) 585-8367 to access your recording.***

Encore dates: 10/31/2019 16:00 Eastern Time – 11/05/2019 23:59 Eastern Time

About Mace® Security International, Inc.:

Mace® Security International, Inc. (MSI) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, Vigilant® Brand alarms which are the world-wide leader and number one recognized brand in personal alarms, and Tornado ® Brand pepper spray. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce channels, and other distributors. For more information, visit www.mace.com.

Forward-Looking Statements

This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “continue,” “on track” or “target” or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward looking statements are based on information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause events and the Company’s actual results to differ materially from those expressed or implied. Please see the disclosure regarding forward-looking statements on the Company’s Annual Report on the OTCQX website or on www.mace.com. The company assumes no obligation to update any forward-looking statements.

Related Links
http://www.mace.com


October 1st, 2019

The Origin of the Mace (R) Brand

 

Did you know?

Chemical Mace was originally invented in 1965 by Allan Lee Litman. Litman’s formula packaged phenacyl chloride (CN) tear gas dissolved in hydrocarbon solvents into a small aerosol spray can. Primarily sold to police forces, the name gained popularity over the years. The term “got maced” referred to being sprayed in the face with Mace® Brand chemical spray.  Due to the toxicity of CN, the chemical formula evolved over the years to replace CN with oleoresin capsicum (OC) pepper spray, made from naturally grown peppers grown around the world. OC also demonstrates superior incapacitating properties relative to CN.

Our company was founded in Vermont in 1987 and obtained an exclusive license to produce and market defense sprays under the Mace® Brand trademark. In 1993, the Company purchased all rights, title and interest to the Mace® Brand. We are the original Mace ® Brand!

Today, Mace® Brand pepper sprays contain OC as the primary active ingredient. The only other ingredients in Mace® pepper sprays are solvents and propellant. We go to great lengths to protect our great brand, so please, when speaking of pepper spray, please refer to the product as “pepper spray” if it is not a Mace® Brand product. If it is a Mace® Brand product, please refer to it as Mace® Brand pepper spray.

We pride ourselves on being the Original and Authentic Mace® Brand pepper spray, with our manufacturing facility located in Cleveland, OH.


September 24th, 2019

Mace ® Brand Releases College Safety Tips for Back to Campus

 

CLEVELAND, Ohio – (ACCESSWIRE) – September 24, 2019 – Mace Security International, Inc. (OTCQX: MACE), a globally recognized leader in personal safety products, has released tips on College Student and Campus Safety on its website www.mace.com.

“Being safe on campus is a big priority for students. You can protect yourself by becoming informed and taking the necessary precautions.” said Gary Medved, CEO/President of Mace Security International. “ The Mace.com website has helpful articles and tips on campus safety and personal protection, and also has guides showing the safe use of pepper sprays such as our world-renowned Mace ® Brand.”

“We are – and have always been – committed to helping students feel more secure, confident and ready on campus” concluded Medved.

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About Mace® Security International, Inc.
Mace® Security International, Inc. is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense, security and surveillance under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce marketers and installation service providers. For more information, visit www.mace.com.

Contact:
Gary Medved
CEO/President of Mace® Security International, Inc.
440-424-5322
press@mace.com


August 7th, 2019

Mace Reports Second Quarter 2019 Financial Results

 

• Net sales for the quarter increased to $2,967,000 or 4.4% over same period in 2018

• Net loss of ($606,000) for the second quarter, which includes non-cash charges for a reserve of a customer receivable of $322,000 and charges for exit of the munitions business of $140,000, compared to net income of $41,000 for the same period in 2018. Net loss for the six months ended June 30, 2019 was ($1,462,000) compared to a net loss of ($293,000) for the same period in 2018

• EBITDA of ($481,000) and adjusted EBIDTA of ($5,000) for the second quarter

 

CLEVELAND, Ohio – Mace Security International Inc. (OTCQX: MACE) announces its unaudited financial results for the quarter ended June 30, 2019.

The Company is pleased to announce another quarter of revenue growth of 4.4% over the same period in 2018. The Company’s net loss in the quarter includes non-cash charges relating to a write-down of a customer receivable of $322,000, and charges to exit its less-lethal munitions business $140,000.

President and CEO Gary Medved commented: “We are pleased that the Company has seen another quarterly increase in net sales versus the prior year. After adjusting for the impact of the customer receivable reserve increase, we were able to hold SG&A as a percentage of revenue in line with the prior year, while continuing our investments in recruiting talent, eCommerce capabilities, and brand awareness. Many of the actions necessary thus far in 2019 are necessary to reposition Mace for improved future financial performance.”

Second Quarter/Year to Date 2019 Financial Highlights

• Net sales increased 4.4% for the three months ended June 30, 2019 over the same period least year, and 9% for the six months ended June 30, 2019 over the same period in 2018.
• Gross profit decreased $259,000 compared to the same quarter in 2018.
• Gross margin for the quarter declined from 43% to 32% (or 37% after adjusting for the Less-lethal munitions charge.). This decline was due to manufacturing labor and overhead variances in the quarter.
• After adjusting for the $322,000 increase in accounts receivable reserve, SG&A expenses for the three months ended June 30, 2019 were approximately equal to the same period from 2018.

Second Quarter 2019 Operational Highlights

• The Company made the decision to exit the less lethal munitions business, while continuing its popular Take-Down ® products for the law enforcement and tactical community. This decision is expected to free up over $20,000 per month to redeploy towards higher margin and faster growing products and channels.
• The Company is continuing to develop products, packaging, and image for the new KUROS! ® and USPS ® brands, which were announced at the July Investors Day at Mace headquarters.
• Mace.com was also upgraded to enhance its mobile features and make the site more user friendly.

Conference Call

Mace® will conduct a conference call on Thursday August 8, 2019 at 2 PM EDT, 11 AM PDT to discuss its financial and operational performance for the quarter.
Participant Toll-Free Dial-In Number: (877) 719-8065; Conference ID 9593103
International Toll Number (918) 398-4757

A full set of the consolidated financial statements will be available on www.Mace.com tomorrow morning prior to the company’s earnings call. A digital recording of the conference call will be available for replay two hours after the call’s completion. The date ranges the recording will be available are listed below. To access the recording, use the dial-in number listed below and the conference ID 6966839.

Encore dial-in number: (855) 859-2056 or (404) 537-3406
Encore dates: 08/08/2019 17:00 Eastern Time – 08/13/2019 23:59 Eastern Time

About Mace Security International, Inc.

Mace Security International Inc. is a globally recognized leader in personal safety products. Based in Cleveland, Ohio, the Company has spent more than 30 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand – the original trusted brand of pepper spray products. The Companies other leading brands include Tornado® Brand stun guns and pepper spray, and Vigilant® Brand alarms. The Company also offers aerosol defense sprays for law enforcement and security professionals worldwide through its Take Down® Brand.

Mace Security International, Inc. distributes and supports its products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce channels and through its website, www.Mace.com.

Forward-Looking Statements

Certain statements and information included in this press release constitute “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. When used in this press release, the words or phrases “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “projected,” “intend to” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to economic conditions, dependence on management, our ability to compete with competitors, dilution to shareholders, and limited capital resources.

 

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In this press release, the Company’s financial results and financial guidance are provided in accordance with accounting principles generally accepted in the United States (GAAP) and using certain non-GAAP financial measures. Management believes that presentation of operating results using non-GAAP financial measures provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods. Management also uses non-GAAP financial measures to establish budgets and to manage the Company’s business. A reconciliation of the GAAP financial results to non-GAAP financial results is included in the attached schedules.

Contacts:
Gary Medved
President and Chief Executive Officer
gmedved@mace.com

Mark Barrus
SVP and Chief Financial Officer
mbarrus@mace.com


August 2nd, 2019

Mace Announces Timing for Second Quarter Earnings Call

 

Investor Relations Contact:

Mark E. Barrus
Senior Vice President, Chief Financial Officer, and Secretary
Mbarrus@mace.com
(216) 539-0485

                                                                                                            

CLEVELAND, August 2, 2019 /ACCESSWIRE/ – Mace® Security International, Inc. (OTCQX: MACE), a globally recognized leader in personal safety products, announces the timing of it’s Earnings Call for the Second Quarter of 2019. Mace® will conduct a conference call on Thursday, August 8, 2019, at 2 PM EDT, 11 AM PDT to discuss its financial and operational performance for the quarter ended June 30, 2019.

Participant Toll-Free Dial-In Number: (877) 719-8065; Conference ID 9593103
A digital recording of the conference call will be available for replay after the call’s completion. The date ranges the recording will be available are listed below. To access the recording, use the dial-in number listed below and the conference ID 9593103:

Encore dial-in number: (855) 859-2056 or (404) 537-3406
***In addition to the toll-free number listed above, you can also dial (800) 585-8367 to access your recording.***

Encore dates: 08/08/2019 17:00 Eastern Time – 08/13/2019 23:59 Eastern Time

About Mace® Security International, Inc.:

Mace® Security International, Inc. (MSI) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, Vigilant® Brand alarms which are the world-wide leader and number one recognized brand in personal alarms, and Tornado ® Brand pepper spray. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce channels, and other distributors. For more information, visit www.mace.com.

Forward-Looking Statements

This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “continue,” “on track” or “target” or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward looking statements are based on information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause events and the Company’s actual results to differ materially from those expressed or implied. Please see the disclosure regarding forward-looking statements on the Company’s Annual Report on the OTCQX website or on www.mace.com. The company assumes no obligation to update any forward-looking statements.

Related Links
http://www.mace.com


July 30th, 2019

Mace® Brand and Kuros! Team Up to Empower Women Around the World

 

The organizations will work together to provide free pepper spray and training to at-risk women.

CLEVELAND, Ohio – July 30, 2019 – Mace® Security International, Inc. (OTCQX: MACE), a globally recognized leader in personal safety products, is pleased to announce its partnership with Kuros!, a social impact brand based in Austin, Texas. Together, Kuros! with the help of Mace® Brand will deliver free cans of pepper spray and training to women who face increased risks of sexual assault and violence in developing countries. The aim is to help women live more safe, secure and confident lives.

Founded in 2013 by entrepreneur Kuro Tawil, Kuros! takes a proactive approach to combating gender-based violence against women. Over the last six years, the organization has teamed up with trusted distribution partners and Women’s Rights Group’s to make free pepper spray available to women in India, South Africa, El Salvador and the Philippines.

“Pepper spray doesn’t just give these women a powerful way to protect themselves – it enhances their mobility and outlook on life,” said Tawil. “Already trusted by women everywhere, Mace® Brand is the perfect partner to help us extend our mission on an even bigger, more global scale.”

Mace® Brand has launched an exclusive Kuros! branded product line, including a Kuros! Pepper Spray with UV Dye, Kuros! Personal Alarm with Keychain and a Kuros! Combo Kit, to raise awareness and support the cause. Every product sale will help fund the delivery of free pepper spray to women in need.

“We are – and have always been – committed to helping people feel more secure, confident and ready as they walk through the world,” said Gary Medved, CEO/President of Mace® Security International. “The Kuros! partnership provides the opportunity to get pepper spray into the hands of women who truly need it to not only survive, but thrive within their communities.”

The Kuros! branded personal defense products are available for purchase at www.mace.com.

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About Mace® Security International, Inc.
Mace® Security International, Inc. is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense, security and surveillance under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce marketers and installation service providers. For more information, visit www.mace.com.

About Kuros!
Kuros! is a humanitarian lifestyle brand that puts vital self-defense products in the hands of women around the world. From South Africa and India to El Salvador and Manila, the organization is giving women a fighting chance at protecting themselves from assault and living their fullest lives without fear.
www.kuros.com

Contact:
Gary Medved
CEO/President of Mace® Security International, Inc.
440-424-5322


July 24th, 2019

Mace Security International, Inc. Announces Addtional Stock Purchases by Members of Board

 

Investor Relations Contact:

Mark E. Barrus
Senior Vice President, Chief Financial Officer, and Secretary
Mbarrus@mace.com
(216) 539-0485

Mace Security International Inc. Announces Additional Stock Purchases by Members of Board

CLEVELAND, July 24, 2019 /ACCESSWIRE/ – Mace® Security International, Inc. (OTCQX: MACE or “the Company”), a globally recognized leader in personal safety products, announced an additional stock acquisition by several members of its board of directors.

“We are pleased to learn that our Chairman Charles Gehrisch and our Vice Chairman Sanjay Singh have acquired a significant additional block of MACE shares in a private transaction” said Gary Medved, MACE Chief Executive Officer. “This transaction demonstrates the confidence our board and major investors have in the company and in the MACE ® brand” said Medved.

Chairman Charles Gehrisch said “I cannot be happier with the direction of MACE, and the exciting developments such as the partnerships with global brands “KUROS! ®” and “USPS ®. Sanjay and I have expressed our confidence by acquiring through our investment vehicle, MACNFAC LLC, an additional 1,000,000 shares in a recent transaction.”

The Company expects it will be releasing its financial results for the three months ended June 30, 2019 in several weeks, prior to the OTCQX filing deadline in mid-August.

About Mace® Security International, Inc.:

Mace® Security International, Inc. (MSI) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, Vigilant® Brand alarms which are the world-wide leader and number one recognized brand in personal alarms, and Tornado ® Brand pepper spray. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce channels, and other distributors. For more information, visit www.mace.com.

Forward-Looking Statements

This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “continue,” “on track” or “target” or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward-looking statements are based on information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause events and the Company’s actual results to differ materially from those expressed or implied. Please see the disclosure regarding forward-looking statements on the Company’s Annual Report on the OTCQX website or on www.mace.com. The company assumes no obligation to update any forward-looking statements.

 

 


July 19th, 2019

MACE releases presentation from 2019 Investor Day

 

Investor Relations Contact:

Mark E. Barrus
Senior Vice President, Chief Financial Officer, and Secretary
Mbarrus@mace.com
(216) 539-0485

CLEVELAND, July 19, 2019 /ACCESSWIRE/ – Mace® Security International, Inc. (OTCQX: MACE), a globally recognized leader in personal safety products, today published the presentation from its annual Investor Day held on Thursday, July 18, 2019 at the company’s Cleveland headquarters. The presentation is available on its website, Mace.com, as well as on OTCQX: MACE.

The presentation highlighted several new announcements, including relaunch of the company website Mace.com, and two significant new partnerships with global brands, KUROS!® and the United States Postal Service, USPS®.

The company will be releasing more information about these partnerships and their product offerings in the near future.

About Mace® Security International, Inc.:

Mace® Security International, Inc. (MSI) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, Vigilant® Brand alarms which are the world-wide leader and number one recognized brand in personal alarms, and Tornado ® Brand pepper spray. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce channels, and other distributors. For more information, visit www.mace.com.

Forward-Looking Statements

This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “continue,” “on track” or “target” or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward looking statements are based on information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause events and the Company’s actual results to differ materially from those expressed or implied. Please see the disclosure regarding forward-looking statements on the Company’s Annual Report on the OTCQX website or on www.mace.com. The company assumes no obligation to update any forward-looking statements.

Related Links
http://www.mace.com


June 27th, 2019

Mace Announces Timing for 2019 Investor Day

 

Investor Relations Contact:

Mark E. Barrus
Senior Vice President, Chief Financial Officer, and Secretary
Mbarrus@mace.com
(216) 539-0485

CLEVELAND, June 27, 2019 /ACCESSWIRE/ – Mace Security International, Inc. (OTCQX: MACE), a globally recognized leader in personal safety products, today announced details for its annual Investor Day to be hosted Thursday, July 18, 2019 at the company’s Cleveland headquarters. Presentations are scheduled to start following the annual shareholders meeting at approximately 10:30 am EDT and conclude at approximately 12:00 pm EDT. A live question and answer session will be included in the session.

Mace’s Investor Day 2019 will feature an overview of the company, a discussion of business performance and strategy, and a showcase of current products, branding, and previously announced licensing initiatives.

Speakers include:

Gary Medved, President and Chief Executive Officer
Mark Barrus, Senior Vice President and Chief Financial Officer
Julie Koenig, Vice President of Sales

About Mace Security International, Inc.:

Mace Security International, Inc. (MSI) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its MTS ® Brand, Vigilant® Brand alarms which are the world-wide leader and number one recognized brand in personal alarms, and Tornado ® Brand pepper spray. MSI distributes and supports Mace® Brand products and services through mass market retailers, wholesale distributors, independent dealers, e-commerce channels, and other distributors. For more information, visit www.mace.com.

Forward-Looking Statements

This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “aspiration,” “objective,” “project,” “believe,” “continue,” “on track” or “target” or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward looking statements are based on information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause events and the Company’s actual results to differ materially from those expressed or implied. Please see the disclosure regarding forward-looking statements on the Company’s Annual Report on the OTCQX website or on www.mace.com. The company assumes no obligation to update any forward-looking statements.

Related Links
http://www.mace.com


June 20th, 2019

Notice of 2019 Annual Meeting of Stockholders


NOTICE OF 2019 ANNUAL MEETING OF STOCKHOLDERS

Date: Thursday July 18, 2019
Time: 10 a.m. Eastern Daylight Time
Location:
Mace Security International, Inc.
4400 Carnegie Avenue
Cleveland, OH 44103

To Mace Security International, Inc. Stockholders:

We invite you to attend the 2019 Annual Meeting of Stockholders of Mace Security International, Inc. (“Mace” or the “Company”). At this meeting, you will be able to vote on the following proposals, together with any other business that may properly come before the meeting.

1. Election of seven directors to the Board of Directors for one-year terms. The Board has nominated for election Denis J. Amato, Bradley J. Dickerson, George C. Gehrisch, Cheryl B. McMillan, Daniel Perella, Hussien Shousher, and Sanjay Singh. Biographical information for each nominee and the Board of Directors’ recommendation is attached hereto.

2. Ratification of the appointment of Skoda Minotti & Co. as Mace’s independent public accounting firm for fiscal year 2019. Information about the Board of Directors’ recommendation is attached hereto.

You may vote on these proposals in person by attending the Annual Meeting or by proxy. If you cannot attend the 2019 Annual Meeting, we urge you to complete and return promptly the enclosed proxy card in the enclosed self-addressed postage paid envelope so that your shares will be represented and voted at the Annual Meeting in accordance with your instructions. Any stockholder may revoke their proxy before it is exercised by giving a later dated proxy, or by giving notice of revocation to the Company in writing before or at the 2019 Annual Meeting. However, the mere presence at the 2019 Annual Meeting of the stockholder granting a proxy will not revoke the proxy. Unless revoked by notice, shares represented by valid proxies will be voted on all matters to be acted upon at the 2019 Annual Meeting. On any matter or matters with respect to which the proxy contains instructions for voting, such shares will be voted in accordance with such instructions. Abstentions and broker non-votes will be deemed to be present for the purpose of determining a quorum for the 2019 Annual Meeting. An abstention or a broker non-vote will have no effect with respect to Proposal 1, but will be counted as “votes against” with respect to proposal 2. Brokers who have not received voting instructions from beneficial owners generally may vote in their discretion with respect to ratification of the selection of the independent certified public accounting firm, but will not be able to vote with respect to Proposal 1. Broker non-votes will not affect the outcome of any new proposals brought before the 2019 Annual Meeting.

Only stockholders of record at the close of business on June 14, 2019 can vote at the Annual Meeting and any adjournment or postponement of the Annual Meeting. As of the record date, there were approximately 63,249,834 shares of common stock outstanding.

By Order of the Board of Directors,

____________________________

Mark E. Barrus

Senior Vice President, Chief Financial Officer and Secretary

 

 

Cleveland, Ohio
June 20, 2019

 

 

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF FINANCIAL INFORMATION FOR THE 2019 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON July 18, 2019:

Mace Security International, Inc.’s audited consolidated financial statements for the year ended
December 31, 2018 are available on the OTCQX Market web site via the Internet at http://www.otcmarkets.com/stock/MACE/financials

 

 

THE PROPOSALS

Proposal 1 – Election of Directors

Election of seven directors to the Board of Directors for a one-year term and until their respective successor is duly elected and qualified.

Nominees
Denis J. Amato               Bradley J. Dickerson
George C. Gehrisch      Cheryl B. McMillan
Daniel Perella              Hussien Shousher
Sanjay Singh

Four director nominees currently serve on the Board of Directors and all seven were nominated by the Company’s Nominating Committee and approved by the Board of Directors. All nominees have agreed to be nominated to stand for election at the 2019 Annual Meeting. Directors are elected by a plurality vote of shares present in person or represented by proxy at the Annual Meeting. Shares represented by proxies that withhold authority to vote in the election of directors will not be counted in the election of directors in favor of any nominee and will have no effect on the director election.

Biographical information for each nominee appears below.

Denis J. Amato C.F.A., age 74, is a private investor. Mr. Amato retired from Ancora Advisors, where he was Director of Microcap Equities. His investment experience spanned five decades, including serving as Chief Investment Officer for a major Cleveland bank trust department as well as with Ancora Advisors. He has both a BBA in Economics and an MBA in Finance from Case Western Reserve University and is a Chartered Financial Analyst.

Bradley J. Dickerson, age 54, most recently was at Blue Apron from February 2016 until April 2019. Blue Apron is a direct-to-consumer ingredient-and-recipe meal kit service, operating throughout the United States. At Blue Apron, he served as CEO from December 2017 until April 2019 and CFO from February 2016 until December 2017. Prior to Blue Apron, Mr. Dickerson was at Under Armour, Inc in Baltimore, MD from 2004 until 2016. While at Under Armour he held various executive positions, including CFO/COO in 2015-2016 and CFO from 2008 through 2014. Mr. Dickerson brings 32 years of financial, operational, and executive experience, the last 15 years with brands going through substantial growth and involving product, channel, and geographic expansion.

George C. Gehrisch, Jr., age 57, was appointed to the Company’s Board of Directors on March 9, 2018 and is the Chairman and Chief Executive Officer of RKI, Inc., d/b/a Roll-Kraft, headquartered in Mentor, OH. Roll-Kraft is an innovative supplier of tube and pipe tooling and roll forming tooling used by manufacturers around the world to produce thousands of products. Prior to being appointed to his current position, Mr. Gehrisch led Roll-Kraft as its President for more than 20 years. Mr. Gehrisch has led Roll-Kraft to actively focus on the goal of providing customers with 100% on-time deliveries and first-time performance. Through his leadership the company has become known around the world as an industry leader and for its superior service and reliable quality tooling.

Cheryl B. McMillan, age 60, has been a Vistage Chair for 14 years. As a Vistage Chair, she leads two groups of non-competing business executives: one group of CEOs, Presidents and Business Owners, and one group of Senior Executives who report directly to them. Prior to joining Vistage, she had over 25 years of broad business experience, including being a President, CFO (CPA, Retired) and board member of a strategic alliance for a group of 18 non-related owners. She has assisted in the formation of new companies as well as the integration of acquisitions. She is an active member of Friends of the Summit Board of Directors and is a former Treasurer of a non-profit board and founding chair of its foundation.

Daniel V. Perella, age 49, is a Co-Founder, President and Chief Operating Officer of IdeaStream Consumer Products, in Cleveland, Ohio. The Company was founded in 2002 and is focused on designing and developing creative and innovative product solutions that drive incremental sales and profits for its retail customers. Mr. Perella brings nearly 27 years of experience in the retail marketplace to Mace. Prior to the founding of IdeaStream Consumer Products, Mr. Perella worked for 10 years at Manco, Inc (now known as Shurtech). During his time there he had numerous roles, including Vice President of Wal-Mart Sales. Additionally, prior to his entrepreneurial journey, he was Manco’s Executive Vice President of Sales.

Hussien Shousher, age 60, was the recent CEO of GEM Inc. and GEM Energy and was with the Rudolph Libbe Group of companies for 25 years. During Mr. Shousher’s tenure, GEM expanded to multiple locations throughout three states with over 1,000 employees. GEM Inc., headquartered in Walbridge, OH, is a leading single-source specialty contractor with multiple self-performance trades as well as consulting and energy management services. GEM Inc. is annually ranked among the top 100 on the Engineering News-Record top 600 Specialty Contractors. GEM Energy optimizes the efficiency of facilities for reduced operating costs through energy management and procurement, building controls, HVAC and facility management services. Mr. Shousher is currently focused on executive mentoring, coaching, and advising business leaders and established professionals.

 

Sanjay Singh, age 52, was appointed to the Company’s Board of Directors on March 9, 2018 and is the President of RKI, Inc., d/b/a Roll-Kraft, headquartered in Mentor, OH. Roll-Kraft is an innovative supplier of tube and pipe tooling and roll forming tooling used by manufacturers around the world to produce thousands of products. At Roll-Kraft, Mr. Singh directs and leads the company’s efforts to excel in operational efficiencies and market penetration. He has most recently sharpened the company’s continuous improvement focus to meet the company’s goals of 100% on-time delivery and first-time performance. Mr. Singh also leads the company’s private investment initiatives in lower middle market companies located in northeast Ohio. Mr. Singh has held various financial executive leadership roles in Fortune 1000, privately held and private equity backed portfolio companies across various industries, including consumer products, manufacturing and service. Mr. Singh currently serves as an advisor to the Boards of two non-profit organizations and a technology startup.

 

The Board of Directors recommends that you vote FOR the election of Denis J. Amato, Bradley J. Dickerson, George C. Gehrisch, Jr., Cheryl B. McMillan, Daniel V. Perella, Hussien Shousher and Sanjay Singh to Mace’s Board.

 

Proposal 2 – Ratification of Independent Public Accounting Firm

Ratification of the Audit Committee’s appointment of Skoda Minotti & Co. as Mace’s independent public accounting firm for fiscal year 2019.

 

The Audit Committee has approved engaging Skoda Minotti & Co. as Mace’s independent public accounting firm for the fiscal year ended December 31, 2019. Skoda Minotti & Co. served as Maces’ independent public accounting firm since the fiscal years ended December 31, 2014. Approval of Proposal 2 will require the affirmative vote of the holders of a majority of the Common Shares represented in person or by proxy and entitled to vote at the Annual Meeting. Approval of Proposal 2 will not preclude the Board or Audit Committee from selecting a different independent public accounting firm at any time during the fiscal year if it determines such a change would be in the best interests of the Company and its stockholders.

The Board of Directors recommends that you vote FOR the ratification of the appointment of Skoda Minotti & Co. as Mace’s independent public accounting firm for fiscal year 2019.