Mace Discloses Supplemental Information Regarding Bonus and Voting Agreements
CLEVELAND--(BUSINESS WIRE)--Jul 11, 2018--Mace Security International, Inc. (OTCQX: MACE) today announced that it has posted amended supplemental exhibits on the OTCQX website. These exhibits provide greater detail related to certain previously disclosed bonus and voting agreements.
The Bonus Agreement aligns the company’s new lead investors with all shareholders and is based on annual EBITDA growing above a threshold level starting at $1 million. The Voting Agreements between certain large Mace shareholders were entered into with a goal of providing continued stability in Mace’s Board composition. They do not bind and have no effect on how any of Mace’s directors vote on Board matters.
These agreements continue to be available for shareholder viewing in their entirety at Mace’s headquarters located at 4400 Carnegie Avenue, Cleveland, OH 44103. Click on the following link to access the amended supplemental exhibits: https://backend.otcmarkets.com/otcapi/company/financial-report/197176/content
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 designs and manufactures consumer and tactical products for personal defense, security and surveillance under its world-renowned Mace® Brand – the original trusted brand of pepper spray products and Vigilant® Brand alarms, the world-wide leader and number one recognized brand in personal alarms. The Company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® and Take Down® brands.
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.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180711005515/en/
CONTACT: Mace Security International, Inc.
John J. McCann, 440-424-5322
President and CEO
KEYWORD: UNITED STATES NORTH AMERICA OHIO
INDUSTRY KEYWORD: WOMEN OTHER CONSUMER TECHNOLOGY CONSUMER ELECTRONICS HARDWARE MANUFACTURING CHEMICALS/PLASTICS DEFENSE OTHER DEFENSE CONSUMER
SOURCE: Mace Security International, Inc.
Copyright Business Wire 2018.
PUB: 07/11/2018 10:11 AM/DISC: 07/11/2018 10:11 AM