Mace Announces Director Resignation

Rhea-AI Summary

Mace Security International, Inc. announced the resignation of Margaret D. Jordan from its Board of Directors due to time commitments and compensation concerns. CEO Sanjay Singh expressed appreciation for her service.

CLEVELAND, OH / ACCESSWIRE / February 20, 2024 / Mace Security International, Inc. (OTCQB:MACE) today announced that Margaret D. Jordan resigned from its Board of Directors, effective February 19, 2024. Ms. Jordan reported that the responsibilities and time commitment required as a Director exceeded what had been presented when she joined the Board as well as exceeding the time she was able to provide relative to the Director compensation available from the Company. Ms. Jordan also expressed a lack of confidence in the Company's executive and Board leadership.

Ms. Jordan served on Mace's Board since October 2022 and served on the Board's Cybersecurity and Governance/Nominating Committees.

CEO Sanjay Singh commented, "We appreciate Ms. Jordan's service on the Board, understand and respect her decision and wish her nothing but the best."

About Mace Security International, Inc.

Mace Security International, Inc. (Mace) is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the Company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense and security under its world-renowned Mace® Brand - the original trusted brand of defense spray products. The Company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand, KUROS® Brand personal safety products, Vigilant® Brand alarms, and Tornado® Brand pepper spray and stun devices. MACE® distributes and supports Mace® Brand products through mass market retailers, wholesale distributors, independent dealers, Amazon.com, Mace.com, and other channels. For more information, visit www.mace.com.

Contact:

Investor Relations
InvestorRelations@mace.com

SOURCE: MACE SECURITY INTERNATIONAL INC

View the original press release on accesswire.com

FAQ

Why did Margaret D. Jordan resign from Mace Security International, Inc. (MACE) Board of Directors?

Margaret D. Jordan resigned due to the responsibilities and time commitment exceeding what was presented when she joined the Board, along with concerns about Director compensation.

When did Margaret D. Jordan resign from Mace Security International, Inc. (MACE) Board of Directors?

Margaret D. Jordan resigned from the Board of Directors on February 19, 2024.

Who expressed a lack of confidence in the Company's executive and Board leadership?

Ms. Jordan expressed a lack of confidence in Mace Security International, Inc.'s executive and Board leadership.

Which committees did Margaret D. Jordan serve on while on Mace Security International, Inc. (MACE) Board?

Margaret D. Jordan served on the Cybersecurity and Governance/Nominating Committees during her time on Mace's Board.

What did CEO Sanjay Singh comment on Margaret D. Jordan's resignation?

CEO Sanjay Singh expressed appreciation for Ms. Jordan's service on the Board, respected her decision, and wished her the best.