UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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 - November 8, 2007
(Date of earliest event reported)
MACE SECURITY INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-22810 03-0311630
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification
Number)
401 East Las Olas Blvd., Suite 1570, Fort Lauderdale, Florida 33301
(Address of principal executive offices)
(Registrant's telephone number, including area code)
(954)449-1300
1000 Crawford Place, Suite 400, Mount Laurel, New Jersey 08054
(Former Address)
Check the appropriate box below if the form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 to Form 8-K):
[] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
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On November 8, 2007, Mace Security International, Inc. ("MSI") and one of
its Subsidiaries, Eager Beaver Car Wash, Inc. (the "Subsidiary"), entered into
an Asset Purchase Agreement ("Agreement") with Wash Depot Holdings, Inc. (the
"Purchaser").
Pursuant to the Agreement, MSI and the Subsidiary agreed that the
Subsidiary will sell four car washes located in the Sarasota, Florida area to
the Purchaser for a purchase price of $10,885,000, before expenses and
deductions, payable at closing in cash. Closing of the transaction is to occur
no later than January 8, 2008. The closing is subject to certain conditions,
including satisfaction with the results of its environmental due diligence
review. A copy of the Agreement is attached to this Current Report as Exhibit
10.1.
On November 14, 2007, MSI issued a press release announcing the Agreement.
A copy of the press release is attached to this Current Report as Exhibit 99.1
and is incorporated herein by reference.
There is no material relationship between the Purchaser and MSI and the
Subsidiary other then, as set forth in the Agreement.
Item 9.01 Financial Statements and Exhibits.
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(c) Exhibits. The following exhibits are being filed herewith:
10.1 Asset Purchase Agreement dated November 8, 2007, among Mace Security
International, Inc., Eager Beaver Car Wash, Inc. and Wash Depot
Holdings, Inc.
*99.1 Press release issued by Mace Security International, Inc. dated
November 14, 2007. (Exhibit 99.1 to the November 14, 2007 Form 8K
dated November 15, 2007.
* Incorporated by reference.
SIGNATURES
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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, thereunto duly authorized.
Dated: November 15, 2007 Mace Security International, Inc.
By: /s/ Gregory M. Krzemien
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Gregory M. Krzemien
Chief Financial Officer and Treasurer
EXHIBIT INDEX
Exhibit No. Description
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10.1 Asset Purchase Agreement dated November 14, 2007,
between Mace Security International, Inc., Eager Beaver
Car Wash, Inc. and Wash Depot Holdings, Inc.
*99.1 Press release issued by Mace Security International,
Inc. dated November 14, 2007. (Exhibit 99.1 to the
November 14, 2007 Form 8K dated November 15, 2007)
* Incorporated by reference.