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: November 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 November 12, 2003.
Item 12 Results of Operations and Financial Condition
On November 12, 2003, Mace Security International, Inc. issued a press
release announcing its financial results for the fiscal quarter and
nine month period ended September 30, 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 and certain non-cash charges. 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: November 12, 2003
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release issued by Mace Security International, Inc.
dated November 12, 2003.