UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: MAY 12, 2003 COMMISSION FILE NO. 0-22810
(Date of earliest event reported)
MACE SECURITY INTERNATIONAL, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 03-0311630
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1000 Crawford Place, Suite 400, Mt. Laurel, NJ 08054
(Address of Principal Executive Offices)
Registrant's Telephone No., including area code: (856) 778-2300
Item 7 Financial Statements and Exhibits.
(c) The following Exhibits are hereby filed as part of this Current
Report on Form 8-K.
99.1 Press Release issued by Mace Security International, Inc. dated
May 12, 2003.
Item 9 Regulation FD Disclosure (information required by Item 12 of
Form 8-K is being furnished under this Item 9 pursuant to SEC
interim filing guidance dated March 27, 2003).
On May 12, 2003, Mace Security International, Inc. issued a
press release announcing its financial results for the fiscal
quarter ended March 31, 2003. A copy of the press release is
attached as Exhibit 99.1 and is incorporated herein by
reference in its entirety.
The press release contains a non-GAAP financial measure,
EBITDA. EBITDA is calculated as income before cumulative
effect of a change in accounting principle adding back
interest expense, income taxes, depreciation and amortization
expense. We believe that EBITDA, as presented, represents a
useful measure of assessing the performance of our operating
activities and resources available for strategic
opportunities, as it reflects our earnings trends, without the
impact of certain non-cash and unusual charges or income.
EBITDA is also used by our creditors in assessing debt
covenant compliance. We understand that, although security
analysts frequently use EBITDA in the evaluation of companies,
it is not necessarily comparable to other similarly titled
captions of other companies due to potential inconsistencies
in the method of calculation. EBITDA is not intended as an
alternative to cash flow provided by operating activities as a
measure of liquidity, as an alternative to net income as an
indicator of our operating performance, nor as an alternative
to any other measure of performance in conformity with
generally accepted accounting principles.
SIGNATURES
Pursuant to the requirements of the Securities and 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.
By: /s/ Gregory M. Krzemien
------------------------------------------
Gregory M. Krzemien
Chief Financial Officer and Treasurer
Date: May 14, 2003
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
99.1 Press Release issued by Mace Security International, Inc.
dated May 12, 2003.