<SEC-DOCUMENT>0001157523-15-001192.txt : 20150420
<SEC-HEADER>0001157523-15-001192.hdr.sgml : 20150420
<ACCEPTANCE-DATETIME>20150420063029
ACCESSION NUMBER:		0001157523-15-001192
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150420
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150420
DATE AS OF CHANGE:		20150420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Security Devices International Inc.
		CENTRAL INDEX KEY:			0001354866
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-132456
		FILM NUMBER:		15779491

	BUSINESS ADDRESS:	
		STREET 1:		4830 WEST KENNEDY BLVD., SUITE 600
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33609
		BUSINESS PHONE:		905-582-6402

	MAIL ADDRESS:	
		STREET 1:		4830 WEST KENNEDY BLVD., SUITE 600
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33609
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51082756.htm
<DESCRIPTION>SECURITY DEVICES INTERNATIONAL INC. 8-K
<TEXT>
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      <font style="font-size: 18pt"><b>UNITED STATES&#160;</b></font><br><font style="font-size: 18pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><b>&#160;</b><br><b>Washington, D.C.
      20549</b>
    </p>
    <hr style="width: 25%; color: #000000; text-align: center; height: 1.5 pt">


    <p style="text-align: center">
      <br>
      <font style="font-size: 18pt"><b>FORM 8-K</b></font>
    </p>
    <hr style="width: 25%; color: #000000; text-align: center; height: 1.5 pt">


    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>CURRENT REPORT<br>PURSUANT TO SECTION 13 OR 15(D) OF THE&#160;<br>SECURITIES
      EXCHANGE ACT OF 1934</b><br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>April 20, 2015</b>
          </p>
        </td>
        <td style="width: 24%">
          &#160;
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 33%; white-space: nowrap; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>333-132456</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 43%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date of Report (Date of earliest event reported)
          </p>
        </td>
        <td style="width: 24%">

        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Commission File Number
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap; text-align: center">
      <font style="font-size: 18pt"><b>SECURITY DEVICES INTERNATIONAL INC.&#160;</b></font><b>&#160;</b><br>(Exact
      name of registrant as specified in its charter)
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; width: 43%; text-align: center" valign="top">
          <b>Delaware</b>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 24%; white-space: nowrap; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 33%; white-space: nowrap; text-align: center" valign="top">
          <b>71-1050654</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 43%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of
          </p>
        </td>
        <td style="width: 24%">

        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification Number)
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; width: 43%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            incorporation)
          </p>
        </td>
        <td style="width: 24%">

        </td>
        <td style="padding-left: 0.0px; width: 33%; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <b>4830 West Kennedy Blvd., suite 600, Tampa&#160;</b><br><br><u><b>Florida,
      33609</b></u>
    </p>
    <p style="text-align: center">
      &#160;(Address of Principal Executive Offices) (Zip Code)
    </p>
    <p style="text-align: center">
      <u><b>(905) 582-6402</b></u><br>Registrant&#8217;s telephone number, including
      area code)
    </p>
    <p style="text-align: center">

    </p>
    <p>
      Check the appropriate box below if the Form 8-K is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (see General Instruction A.2. below):
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="width: 100%; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; width: 10%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Item 1.01</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 90%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Entry into a Material Definitive Agreement</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>SDI Signs Strategic Technology License &amp; Supply Agreement; Receives
      Initial $500,000 Standing Offer with United Tactical Systems.</b>
    </p>
    <p>
      Security Devices International Inc. (&#8220;SDI&#8221; or &#8220;the Company&#8221;) today
      announced the signing of a five-year, non-exclusive, renewable
      Technology License and Supply Agreement (&#8220;TLSA&#8221;) with United Tactical
      Solutions (&#8220;UTS&#8221;) of Chicago, IL. UTS are a global provider of
      specialized less-lethal solutions, with an extensive U.S. customer base,
      and international customers in dozens of countries.
    </p>
    <p>
      Under the terms of the TLSA, UTS will purchase volume quantities of
      SDI&#8217;s full range of products for private labeling and re-sale under the
      UTS Conflict Defense Solutions (&#8220;CDS&#8221;) brand. Sales will be through the
      global UTS network of more than 6,000 customers across military, law
      enforcement and correctional services agencies. The TLSA includes an
      initial Standing Offer from UTS for US$500,000 as a contracting vehicle
      for volume purchases, with related provisions that guarantee minimum
      annual quantity purchases. The TLSA also provides SDI with access to the
      UTS training network of more than 100 less-lethal trainers for end-user
      certification on SDI products within these agencies. Such training and
      certification is a major factor in customer up-take and adoption of the
      Company&#8217;s products.
    </p>
    <p>
      <b>Item 9.01 Financial Statements and Exhibits</b>&#160;<br><br>(a)&#160;<b>Financial
      Statements of Business Acquired.</b>&#160;<br><br>Not applicable.&#160;<br><br>(b)&#160;<b>Pro
      Forma Financial Information.</b>&#160;<br><br>Not applicable.&#160;<br><br>(c)&#160;<b>Shell
      Company Transaction.</b>&#160;<br><br>Not applicable.&#160;<br><br>(d)&#160;<b>Exhibits.</b>&#160;
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="padding-left: 0.0px; width: 12%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Exhibit No.</b></u>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 88%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-right: 0.0px; padding-left: 0.0px; width: 12%; white-space: nowrap; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>99.1</u>
          </p>
        </td>
        <td style="padding-left: 0.0px; width: 88%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>News Release Dated April 20, 2015</u>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p>
      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 hereunto duly authorized.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            SECURITY DEVICES INTERNATIONAL INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="padding-left: 0.0px; width: 30%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 20%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="padding-left: 0.0px; width: 20%; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="padding-left: 0.0px; width: 20%; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; width: 50%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated: April 20, 2015
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt; padding-left: 0.0px; width: 30%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ <i>Allen Ezer</i>
          </p>
        </td>
        <td style="width: 20%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="padding-left: 0.0px; width: 30%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name: Allen Ezer
          </p>
        </td>
        <td style="width: 20%">

        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="padding-left: 0.0px; width: 30%; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Title: Exec. VP
          </p>
        </td>
        <td style="width: 20%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51082756ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>SDI Signs
      Strategic Technology License &amp; Supply Agreement; Receives Initial $500K
      Standing Offer with United Tactical Systems</b></font>
    </p>
    <p>
      TAMPA, Fla.--(BUSINESS WIRE)--April 20, 2015--(TSX-V:SDZ) (OTCBB:SDEV)
      Security Devices International Inc. (&#8220;SDI&#8221; or &#8220;the Company&#8221;) today
      announced the signing of a five-year, non-exclusive, renewable
      Technology License and Supply Agreement (&#8220;TLSA&#8221;) with United Tactical
      Solutions (&#8220;UTS&#8221;) of Chicago, IL. UTS is a global provider of
      specialized less-lethal solutions, with an extensive U.S. customer base,
      and international customers in dozens of countries.
    </p>
    <p>
      Under the terms of the TLSA, UTS will purchase volume quantities of
      SDI&#8217;s full range of products for private labeling and re-sale under the
      UTS Conflict Defense Solutions (&#8220;CDS&#8221;) brand. Sales will be through the
      global UTS network of more than 6,000 customers across military, law
      enforcement and correctional services agencies.
    </p>
    <p>
      The TLSA includes an initial Standing Offer from UTS for US$500,000 as a
      contracting vehicle for volume purchases, with related provisions that
      guarantee minimum annual quantity purchases.
    </p>
    <p>
      The TLSA also provides SDI with access to the UTS training network of
      more than 100 less-lethal trainers for end-user certification on SDI
      products within these agencies. Such training and certification is a
      major factor in customer up-take and adoption of the Company&#8217;s products.
    </p>
    <p>
      Company President Gregory Sullivan, commented, &#8220;This is a key milestone
      in SDI&#8217;s market development strategy, with the potential to add
      significantly to recent sales momentum. We look forward to working
      closely with UTS in order to realize the full potential that this
      opportunity presents for both companies.&#8221;
    </p>
    <p>
      George Eurick, CEO of UTS, added, &quot;As a global supplier of non-lethal
      solutions, UTS&#160;seeks out strategic products to complement its offerings
      and is very excited to now include SDI&#8217;s suite of unique 40MM
      projectiles. Our assessment is that SDI&#8217;s technology leads the market in
      performance and fills a critical niche in the mission set and
      intervention requirements of our customers in the U.S., and around the
      world.&#8221;
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      This press release is for information purposes only and does not
      constitute an offer to sell or a solicitation of an offer to buy any
      securities of SDI in any jurisdiction.
    </p>
    <p>
      <u>Forward Looking Statement</u>
    </p>
    <p>
      The information in this news release includes certain information and
      statements about management&#8217;s view of future events, expectations, plans
      and prospects that constitute forward looking statements including
      information with respect to the offering. Because of certain risks and
      uncertainties and as a result of a variety of factors, the actual
      results, expectations, achievements or performance may differ materially
      from those anticipated and indicated by these forward looking
      statements. Although SDI believes that the expectations reflected in
      forward looking statements are reasonable, it can give no assurances
      that the expectations of any forward-looking statements will prove to be
      correct. Except as required by law, SDI disclaims any intention and
      assumes no obligation to update or revise any forward looking statements
      to reflect actual results, whether as a result of new information,
      future events, changes in assumptions, changes in factors affecting such
      forward looking statements or otherwise.
    </p>
    <p>
      NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
      (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
      ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    </p>
    <p>

    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>For additional information on SDI:<br>Allen EZER,
      416-453-7798<br>Exec. VP<br>Or visit: <u>www.securitydii.com</u><br>or<br>For
      additional information on UTS:<br>Atria GILLIGAN, 858-638-0236<br>Corporate
      Relations<br>Or visit: <u>www.pepperball.com</u>
    </p>
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