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 - December 7, 2006
(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 (IRS Employer
of incorporation) File Number) Identification Number)
1000 Crawford Place, Suite 400, Mt. Laurel, NJ 08054
(Address of principal executive offices)
(856) 778-2300
(Registrant's telephone number, including area code)
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
24.14a-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 40.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
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(a)(1) On December 7, 2006, Mace Security International, Inc. ("MSI") and
two of its subsidiaries, Mace Car Wash, Inc and Mace Car Wash-Arizona, Inc. (the
"Subsidiaries"), entered into an Asset Purchase Agreement ("Agreement") with
Twisted Cactus Enterprises, LLC (the "Purchaser"). There is no material
relationship between the Purchaser and MSI and the Subsidiaries other than, as
set forth in the Agreement.
(a)(2) Pursuant to the Agreement, MSI and the Subsidiaries agreed to sell
twelve Phoenix area car washes to the Purchaser for a purchase price of
$19,250,000, payable at closing in cash. Closing of the transaction is to occur
no later than April 6, 2006. All terms and provisions of the Agreement are
available for review by inspecting the copy of the Agreement attached to this
Current Report as Exhibit 10.1 and incorporated by reference.
Item 8.01. Other Events.
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December 8, 2006, 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.
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 December 7, 2006, between Mace Security
International, Inc., Mace Car Wash, Inc., Mace Car Wash-Arizona, Inc., and
Twisted Cactus Enterprises, LLC.
99.1 Press release issued by Mace Security International, Inc. dated
December 8, 2006.
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: December 13, 2006 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 December 7, 2006, between
Mace Security International, Inc., Mace Car Wash, Inc.,
Mace Car Wash-Arizona, Inc., and Twisted Cactus
Enterprises, LLC.
99.1 Press release issued by Mace Security International,
Inc. dated December 8, 2006.