<SEC-DOCUMENT>0001157523-17-002495.txt : 20170913
<SEC-HEADER>0001157523-17-002495.hdr.sgml : 20170913
<ACCEPTANCE-DATETIME>20170912215733
ACCESSION NUMBER:		0001157523-17-002495
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170911
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170913
DATE AS OF CHANGE:		20170912

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:				711050654
		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:		171082176

	BUSINESS ADDRESS:	
		STREET 1:		9325 PUCKETT ROAD
		CITY:			PERRY
		STATE:			FL
		ZIP:			32348
		BUSINESS PHONE:		905-582-6402

	MAIL ADDRESS:	
		STREET 1:		9325 PUCKETT ROAD
		CITY:			PERRY
		STATE:			FL
		ZIP:			32348
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51681394.htm
<DESCRIPTION>SECURITY DEVICES INTERNATIONAL, INC. 8-K
<TEXT>
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      <font style="font-size: 12pt"><b>UNITED STATES</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt"><b>WASHINGTON,
      D.C. 20549</b></font>
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    <hr style="width: 10%; color: #000000; text-align: center; height: 1.0 pt">


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

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      <font style="font-size: 18pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <hr style="width: 10%; color: #000000; text-align: center; height: 1.0 pt">


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

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT </b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>PURSUANT
      TO SECTION 13 OR 15(D)&#160;OF THE </b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>SECURITIES
      EXCHANGE ACT OF 1934</b></font>
    </p>
    <p style="text-align: center">
      <br>

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="margin-left:auto;margin-right:auto; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td style="text-align: center; width: 50%; padding-left: 0.0px" valign="bottom">
          <p style="font-size: 10pt">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>September
            11, 2017</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">Date
            of Report &#160;(Date of earliest event reported)</font>
          </p>
        </td>
        <td style="text-align: center; width: 50%; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>333-132456</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Commission File Number
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 14pt"><b>SECURITY DEVICES INTERNATIONAL, INC.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font>
    </p>
    <p style="text-align: center">
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td style="text-align: center; width: 50%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="text-align: center; width: 50%; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>71-1050654</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 50%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of incorporation or
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            organization)
          </p>
        </td>
        <td style="text-align: center; width: 50%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification Number)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="margin-left:auto;margin-right:auto; width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <b>107 Audubon Road, Suite 201</b>

          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Wakefield, MA 01880</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (Address of Principal Executive Offices) (Zip Code)
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px" valign="top">
          <b>(905)-582-6402</b>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (Registrant&#8217;s telephone number, including area code)
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      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:
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">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-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; margin-left: 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="color: black; height: 1.5pt">

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

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

    </p>
    <p style="text-align: justify; white-space: nowrap">
      <b>Item 8.01 &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other Events</b>
    </p>
    <p style="text-align: justify">
      Security Devices International Inc. (&#8220;SDI&#8221; or &#8220;The Company&#8221;) appoints a
      new President &amp; COO, details the winning of a national 40mm tender with
      the Royal Canadian Mounted Police (&#8220;RCMP&#8221;), and announces changes to its
      board of directors.
    </p>
    <p>

    </p>
    <p style="text-align: justify">
      <b>Item 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits</b>
    </p>
    <p>
      (d) <b>&#160;&#160;&#160;&#160;&#160;&#160;&#160; Exhibits.</b>
    </p>
    <p>
      Exhibit 99.1
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">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.</font><br><br>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td style="width: 35%">

        </td>
        <td colspan="2">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            SECURITY DEVICES INTERNATIONAL, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 35%">

        </td>
        <td colspan="2">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 35%">

        </td>
        <td colspan="2">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 35%; padding-left: 0.0px" valign="top">

        </td>
        <td style="width: 1%">
          &#160;
        </td>
        <td style="width: 1%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 58%">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 35%; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            September 11, 2017
          </p>
        </td>
        <td style="text-align: left; width: 1%; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 1%">

        </td>
        <td style="text-align: left; width: 5%; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; width: 58%; padding-left: 0.0px; border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;&#160;&#160;&#160;/s/ Dean Thrasher
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 35%">

        </td>
        <td colspan="2">

        </td>
        <td style="text-align: left; width: 5%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name:
          </p>
        </td>
        <td style="text-align: left; width: 58%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dean Thrasher
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 35%">

        </td>
        <td colspan="2">

        </td>
        <td style="text-align: left; width: 5%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Title:
          </p>
        </td>
        <td style="text-align: left; width: 58%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Executive Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

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

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51681394ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <b>SDI Announces Corporate Update</b>
    </p>
    <p>
      Wakefield, Massachusetts &#8211; September 11, 2017<b> </b>(TSX-V: SDZ)
      (OTCQB: SDEV) Security Devices International Inc. (&#8220;SDI&#8221; or &#8220;The
      Company&#8221;) appoints a new President &amp; COO, details the winning of a
      national 40mm tender with the Royal Canadian Mounted Police (&#8220;RCMP&#8221;),
      and announces changes to its board of directors.
    </p>
    <p>
      <b>SDI appoints Paul Jensen as the Company&#8217;s new President &amp; COO
      effective October 1, 2017.</b>
    </p>
    <p>
      Mr. Jensen is a seasoned, global executive with direct experience in
      developing high-performance teams, managing complex projects, and
      building a global network of trusted advisors and business partners. His
      experiences have been focused on plastics contract manufacturing, the
      defense sector, technology licensing, and managing intricate,
      multi-national programs. Paul has extensive business experience in the
      Middle East in both the public and private sectors of defense.
    </p>
    <p>
      Mr. Jensen&#8217;s tenures include: co-founding HALO Maritime Defense Systems,
      an award winning technology company offering the world&#8217;s most advanced
      marine automated security system with 13 patents and over $300 million
      in naval and defense opportunities; Nypro Inc., a billion dollar
      plastics injection molding contract manufacturer, where Paul held senior
      management positions for nearly two decades (directed a business unit
      with $150 million in sales); and positions with Kodak and GE as well as
      the United States Army - 9 years active duty serving in command
      positions with the 82nd Airborne Division and XVIIIth Airborne Corps,
      leading up to Operation Urgent Fury, and on the Staff and Faculty, U.S.
      Military Academy, as an Assistant Professor of Chemistry &#8211; Paul was
      twice awarded the Meritorious Service Medal.
    </p>
    <p>
      A Distinguished Graduate of the United States Military Academy at West
      Point (1977), Paul received his M.S. in Chemistry from M.I.T. (1979 &#8211;
      Fannie and John Hertz Fellow) and holds an M.B.A. with honors from
      Golden Gate University (1982). He is a graduate of the Senior Executive
      Program at the University of Tennessee and has served on the adjunct
      faculty at the Fuqua School of Business, Duke University.
    </p>
    <p>
      Mr. Jensen&#8217;s wealth of practical experience will assist the Company well
      in the next phase of its global growth.
    </p>
    <p>
      <b>RCMP Awards its Request for Standing Offer Tender for 150,000 40mm
      less lethal rounds to SDI&#8217;s Technology Partner which uses the SDI
      &#8220;Collapsible Head Projectile&#8221; in the production of its 40mm &#8220;Def-Tec&#8221; BIP</b>
    </p>
    <p>
      SDI is pleased to announce that the Royal Canadian Mounted Police
      recently announced the awarding of its request for standing offer tender
      for its requirement of 40mm less lethal rounds.&#160;&#160;They selected the round
      submitted by SDI&#8217;s North American licensee, The Safariland Group.&#160;&#160;The
      winning round is produced using SDI&#8217;s patented collapsible head
      technology, the blunt impact projectile (BIP) married to Safariland&#8217;s
      proprietary propulsion system.&#160;&#160;It is marketed under the brand name
      Defense Technology BIP.&#160;&#160;
    </p>
    <p>
      The RCMP tender specification called for a 40mm round that &#8220;featured a
      collapsible expandable gel-nose head with an expander piston arrangement
      that will absorb and disperse energy over a wider impact area.&#8221;&#160;&#160;Only
      SDI&#8217;s patented collapsible head projectile qualified.&#160;&#160;
    </p>
    <p>
      The tender is for 150,000 rounds over a three-year period with an option
      for an additional 150,000 over an additional two-year period.&#160;&#160;SDI began
      supplying the first rounds under their agreement with Safariland in
      August 2017.&#160;&#160;Paul Jensen, President of SDI stated, &#8220;this win validates
      the disruptive nature of the collapsible head technology, and the
      Company believes that this will be but the first of a number of
      government tenders that the BIP will win through its partnership with
      The Safariland Group.&#8221;
    </p>
    <p>
      <b>SDI shifts its focus to a Licensing model as it looks to sign
      agreements with strong partners around the globe that have world-class
      manufacturing capabilities and large distribution networks </b>
    </p>
    <p>
      The RCMP award through SDI&#8217;s North American licensing partner validates
      the concept of combining SDI&#8217;s state-of-the-art technology with strong
      partners globally, that have the distribution infrastructure and
      footprint to significantly grow SDI&#8217;s market penetration.&#160;&#160;&#160;The Company
      is in talks with several other geographically strategic entities, to
      license its patented 40mm technology. The licensing of the Company&#8217;s
      intellectual property will be an important part of SDI&#8217;s strategy on a
      go forward basis.
    </p>
    <p>
      The shift in focus at SDI towards working with global technology
      partners that have established manufacturing capabilities and large
      in-place distribution networks will allow SDI to reduce its &#8220;boots on
      the ground&#8221; retail effort that currently focuses on direct sales to
      local police departments and correctional facilities.&#160;&#160;This will permit
      SDI to reduce operating costs by more than 50% from its 2017 run rate
      and will let SDI management focus its efforts on the signing of new
      technology partners and the development of its e-commerce efforts.
    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; margin-left: 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="color: black; height: 1.5pt">

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

        </div>
      </div>
    </div>
    <p>
      <b>Changes to the SDI Board</b>
    </p>
    <p>
      Bryan Ganz has been appointed executive chairman of the Company from his
      current position as President. The Company welcomes Bryan to his new
      position as executive chair and looks forward to continued growth.
    </p>
    <p>
      Keith Morrison has resigned from the Company&#8217;s board of directors as
      chairman. The Company would like to thank Keith for his guidance and
      support during his term on the board, as chairman.
    </p>
    <p>
      Karim Kanji has also resigned from the board of directors. SDI would
      like to thank Karim for his contribution to the Company and wish him
      well in his future endeavours.
    </p>
    <p>
      <b>Share issuance to NEIP</b>
    </p>
    <p>
      SDI reports that it has made a further share issuance to Northeast
      Industrial Partners under the consulting agreement announced on June 20,
      2016, and extended as announced on June 16, 2017.&#160;&#160;SDI issued 498,423
      common shares at a deemed price of $0.1599 per share to satisfy the
      payment of USD $62,500 due in August 2017. The shares are subject to a
      four-month hold period expiring on December 26, 2017.
    </p>
    <p>
      Northeast Industrial Partners is controlled by Bryan Ganz, who was the
      President and a director of SDI.&#160;&#160;Northeast Industrial Partners is a
      related party of SDI under Multilateral Instrument 61-101 (&quot;MI 61-101&quot;).
      SDI is exempt from the formal valuation requirement and shareholder
      approval requirement of MI 61-101 in connection with this issuance.
    </p>
    <p>
      <u><b>About Security Devices International</b></u><br>SDI is a
      technology company specializing in the areas of Military, Law
      Enforcement, Corrections, and Private Security. The Company develops and
      manufactures innovative, less lethal equipment and munitions.
    </p>
    <p>
      <u><b>Forward Looking Statement</b></u><br>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. 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>
      For additional information contact:<br>Dean Thrasher, CEO<br>Tel.
      905-582-6402<br><i>Or visit: www.securitydii.com</i>
    </p>
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