SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): October 2, 2002
MACE SECURITY INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-22810 03-0311630
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1000 Crawford Place, Suite 400
Mt. Laurel, New Jersey 08054
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (856) 778-2300
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. Other Events
On October 2, 2002, the Company was advised by Nasdaq that its common stock has
failed to maintain a minimum bid price of $1.00 over the last 30 consecutive
trading days as required by the Nasdaq National Market under Marketplace Rules.
The Company has been provided 90 calendar days, or until December 31, 2002, to
regain compliance with the Marketplace Rules by maintaining a bid price of the
Company's common stock of at least $1.00 for a minimum of 10 consecutive trading
days (or longer, at the discretion of Nasdaq). If the Company is unable to
demonstrate compliance with the Rule on or before December 31, 2002, Nasdaq will
provide the Company with written notification that its securities will be
delisted. The Company may appeal such a decision to a Nasdaq Listing
Qualifications Panel, or it may apply to transfer its securities to the Nasdaq
SmallCap Market ("SmallCap Market"). To transfer, the Company must satisfy the
continued inclusion requirements for the SmallCap Market, which makes available
an extended grace period for the minimum $1.00 bid price requirement. If the
transfer application is submitted by December 31, 2002 and if the application is
approved, the Company will be afforded the 180 calendar day SmallCap Market
grace period or until March 31, 2002. The Company may also be eligible for an
additional 180 calendar day grace period provided that it meets the initial
listing criteria for the SmallCap Market under Marketplace Rules. Furthermore,
the Company may be eligible to transfer back to the Nasdaq National Market if,
by September 29, 2003, its bid price maintains the $1.00 per share requirement
for 30 consecutive trading days and it has maintained compliance with all other
continued listing requirements on that market.
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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.
MACE SECURITY INTERNATIONAL, INC.
Date: October 3, 2002 By: /s/ Gregory M. Krzemien
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Gregory M. Krzemien
Chief Financial Officer and Treasurer
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