Mace Security International Inc – ‘8-K’ for 1/9/97 – EX-1

As of:  Friday, 1/17/97   ·   For:  1/9/97   ·   Accession #:  912057-97-1142   ·   File #:  0-22810   ·   Correction:  This Filing was Corrected by the SEC on 1/27/97. ®

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3     10K 
 2: EX-1        Exhibit 1 News Release                                 2     10K 
 3: EX-2        Exhibit 2 Shareholders Voting Agreement                9     23K 

EX-1   —   Exhibit 1 News Release

EX-1
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                                                                   EXHIBIT 1

[MACE LETTERHEAD] 

Contact:      Mace Security International, Inc.                                 
160 Benmont Avenue                                  
Bennington, Vermont 05201-1803                      
(802) 447-1503; ext. 223                            
Kelly Donahue, Corporate Communications             

                                                 FOR IMMEDIATE RELEASE

MACE SECURITY INTERNATIONAL NAMES NEW PRESIDENT               

Bennington, Vermont, January 13, 1997 -- Jon E. Goodrich, Chairman of 
Mace Security International, Inc. (NASDAQ:MACE), announced the selection of     
Marvin P. Brown as President and Chief Executive Officer, effective             
immediately. Mr. Brown, who was also elected a director, joins Mace Security    
International from Wolff Investment Group of New York City where he was a       
senior vice president and director of corporate finance.                        

 "We at Mace Security International are extremely pleased that Mr. Brown
will be heading our team," Goodrich stated. "Marvin Brown has consulted for     
the company in the past and is intimately knowledgeable about our operations.   
His business acumen, leadership qualities, and extensive experience in the      
financial community are all ingredients which are needed by our company at      
this time."                                                                     

"After reviewing Mace Security International's operations with senior 
management, I feel that the company is well positioned to enjoy a sustained     
period of sales growth and profitability," Brown said. "Mace Security           
International successfully accomplished restructuring and downsizing in 1996,   
and, as a result appears now ready to profitably improve and increase its       
marketing and sales operations. I look forward to working with Mr. Goodrich     
and the entire company's work force to assure this occurrence."                 

Robert D. Norman, who is stepping down from the presidency, commented,
"I am very pleased that a businessman with the wisdom and experience of         
Marvin P. Brown has accepted this position. He will continue the positive       
momentum that is underway at Mace Security                                      

EX-1
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International, Inc."                                                            

In addition to his most recent experience with Wolff Investment Group,
Brown held positions as a senior officer with several New York Stock Exchange   
firms, including Tucker Anthony, L.F. Rothschild, and Heine & Co. (a            
predecessor of Herzog, Heine, Geduld). Brown also had been a Chief Financial    
Officer and then President of Zenith Laboratories, a leading generic drug       
manufacturer. He holds a B.S. degree in economics from the Wharton School,      
University of Pennsylvania, earned an MBA from New York University, and was     
an Adjunct Professor of Economic Theory at the Graduate School of Business of   
Fairleigh Dickinson University.                                                 

  Brown is married, has three grown children, and resides with his wife in
Craftsbury Common, VT. He is a trustee emeritus of Sterling College, located    
in that village, on which Board he had served as Chairman from 1987 to 1991.    

Additionally, six members of Mace Security International's board,     
Messrs. DuBoff, Foote, Logan, Mitchell, Norman and Rosberg, submitted their     
resignations. Futhermore, members of Mace Security International's board,       
Messrs. Goodrich, Gould and Brown advised the Company that they have entered    
into a voting agreement covering in excess of 50% of the Company's              
outstanding stock.                                                              

Mr. Brown announced, "several prominent businessmen and businesswomen 
are under consideration to replace the resigning board members."                

Mace Security International, Inc. is a well-known producer of less    
lethal defense sprays for the consumer and law enforcement markets and a        
marketer of consumer safety and security products. The Company also supplies    
chemical munitions and accessories to law enforcement, correctional and         
military communities throughout the world.                                      

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
Corrected on:		1/27/97
Filed on:		1/17/97
		1/13/97		1
For Period End:		1/9/97							8-K/A
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