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 5, 2004 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 5, 2004.
Item 12 Results of Operations and Financial Condition
On May 5, 2004, Mace Security International, Inc. issued a press
release announcing its financial results for the first quarter ended
March 31, 2004. 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 5, 2004
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release issued by Mace Security International, Inc.
dated May 5, 2004.