<SEC-DOCUMENT>0001062993-19-002673.txt : 20190619
<SEC-HEADER>0001062993-19-002673.hdr.sgml : 20190619
<ACCEPTANCE-DATETIME>20190619071950
ACCESSION NUMBER:		0001062993-19-002673
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20190605
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190619
DATE AS OF CHANGE:		20190619

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:		19905057

	BUSINESS ADDRESS:	
		STREET 1:		107 AUDUBON ROAD
		STREET 2:		BLDG 2, SUITE 201
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880
		BUSINESS PHONE:		978-868-5011

	MAIL ADDRESS:	
		STREET 1:		107 AUDUBON ROAD
		STREET 2:		BLDG 2, SUITE 201
		CITY:			WAKEFIELD
		STATE:			MA
		ZIP:			01880
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
   <TITLE>Security Devices International Inc. - Form 8-K - Filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
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<P align=center><B><FONT size=5>UNITED STATES </FONT></B><BR><B><FONT
size=5>SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR>Washington, D.C.
20549</P>
<P align=center><B><FONT size=5>FORM 8-K </FONT></B></P>
<P align=center><B>CURRENT REPORT </B><BR><B>PURSUANT TO SECTION 13 OR 15(D) OF
THE </B><BR><B>SECURITIES EXCHANGE ACT OF 1934 </B><BR></P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
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  <TR vAlign=top>
    <TD align=center><B><U>June 5, 2019 </U></B></TD>
    <TD align=center width="50%"><B><U>333-132456 </U></B></TD></TR>
  <TR vAlign=top>
    <TD align=center>Date of Report (Date of earliest event reported) </TD>
    <TD align=center width="50%">Commission File Number </TD></TR></TABLE>
<P align=center><B><U><FONT size=5>SECURITY DEVICES INTERNATIONAL
INC.</FONT></U></B><B> </B><BR>(Exact name of registrant as specified in its
charter)</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=center><B><U>Delaware </U></B></TD>
  <TD align=center width="50%"><B><U>71-1050654 </U></B></TD>
  </TR>
  <TR vAlign=top>
    <TD align=center>(State or other jurisdiction of incorporation or </TD>
  <TD align=center width="50%">(I.R.S. Employer Identification Number) </TD>
  </TR>
  <TR vAlign=top>
    <TD align=center>organization) </TD>
  <TD align=center width="50%">&nbsp; </TD>
  </TR></TABLE>
<P align=center><B>107 Audubon Road, Suite 201</B><BR><B><U>Wakefield, MA 01880
</U></B><BR>(Address of Principal Executive Offices) (Zip Code)<BR></P>
<P align=center><B><U>(905)-582-6402</U></B><BR>(Registrant&#146;s telephone number,
including area code)<BR></P>
<P align=justify>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 align=justify>[&nbsp;&nbsp; ]&nbsp; Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</P>
<P align=justify>[&nbsp;&nbsp; ]&nbsp; Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P align=justify>[&nbsp;&nbsp; ]&nbsp; Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P align=justify>[&nbsp;&nbsp; ]&nbsp; Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<!--$$/page=--><A name=page_2></A>
<P align=justify>Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;.230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;.240.12b
-2 of this chapter). Emerging growth company o</P>
<P align=justify>If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to
Section 13(a) of the Exchange Act. o</P>
<P align=justify><B>Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other
Event</B></P>
<P align=justify>Security Devices International Inc. (&#147;SDI&#148; or &#147;The Company&#148;)
announces production milestone of 1,000 units, delivery of first Byrna HD
personal security devices to US customers, and business update. A copy of the
news release is attached hereto as Exhibit 99.1 and is incorporated herein by
reference. </P>
<P align=justify><B>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Financial Statements and Exhibits</B> </P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left ><U>Exhibit</U> </TD>
    <TD align=left width="45%"><U>Description</U> </TD>
    <TD align=left width="45%"><U>Method of Filing</U> </TD></TR>
  <TR>
    <TD align=left  >&nbsp;</TD>
    <TD align=left width="45%" >&nbsp;</TD>
    <TD align=left width="45%" >&nbsp;</TD></TR>
  <TR vAlign=top>
    <TD align=left bgColor=#eeeeee ><a href="exhibit99-1.htm">Exhibit 99.1 </a></TD>
    <TD align=left width="45%" bgColor=#eeeeee><a href="exhibit99-1.htm">Press Release dated June 18,
      2019 </a></TD>
  <TD align=left width="45%" bgColor=#eeeeee><a href="exhibit99-1.htm">Attached as Exhibit  </a></TD></TR></TABLE>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<P align=center><B>SIGNATURES</B> </P>
<P
align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;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>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="50%">SECURITY DEVICES INTERNATIONAL, INC.
  </TD></TR></TABLE>
<P><BR>&nbsp;</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left >June 18, 2019</TD>
    <TD align=left width="5%" ></TD>
    <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="45%"
    >&nbsp;&nbsp;&nbsp;&nbsp; /s/ Bryan Ganz</TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%" >Name: </TD>
    <TD align=left width="45%" >Bryan Ganz </TD></TR>
  <TR vAlign=top>
    <TD align=left >&nbsp;</TD>
    <TD align=left width="5%" >Title: </TD>
    <TD align=left width="45%" >Chief Executive Officer
  </TD></TR></TABLE>
<P align=center>2</P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
   <TITLE>Security Devices International Inc. - Exhibit 99.1 - Filed by newsfilecorp.com</TITLE>
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<BODY style="font-size:10pt;">

<HR noshade align="center" width=100% size=3 color="black">
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<P align=center><IMG
src="sdilogo.jpg"
border=0>&nbsp;<IMG
src="byrnlogo.jpg"
border=0> <BR>
</P>
<P align=center><B><FONT size=4>Security Devices International Hits Production
Milestone of</FONT></B><BR><B><FONT size=4>1,000 Units and Delivers First Byrna
Personal Security Devices</FONT></B><BR><B><FONT size=4>to US
Customers</FONT></B></P>
<P align=justify>WAKEFIELD, Mass., June 18, 2019 (GLOBE NEWSWIRE) -- Security
Devices International Inc. (&#147;SDI&#148;) (OTCQB: SDEV)(CSE: SDZ), an established
non-lethal technology company that has historically served the highly regulated
law enforcement market announced the first US deliveries of its new breakthrough
non-lethal personal security device, the Byrna&#153; HD. The Byrna line of personal
security devices is targeted at the enormous home defense and private security
markets. The Byrna HD does not require any federal permit to own and operate and
is legal in most states.</P>
<P align=justify>The Byrna HD, is the first in a line of new handheld personal
security devices that SDI is bringing to market. The Byrna HD is specifically
designed for the home defense market and is extremely effective at deterring,
disabling and temporarily incapacitating an intruder or would be assailant at
safe standoff distances of up to 60 feet. The first shipments reached U.S.
customers on June 5<SUP>th</SUP>, 2019. The Company has already started
receiving re-orders of the practice rounds and CO2 cartridges. </P>
<P align=justify>&#147;We are pleased to announce that several critical milestones
were reached last week as we produced our 1,000<SUP>th </SUP>Byrna HD launcher
and shipped our 500<SUP>th </SUP>Byrna kit to the United States. Production in
South Africa has been moved to a new facility, Roboro Industries (PTY) LTD, a
company owned and operated by individuals with decades of experience in both
manufacturing generally and the production of non-lethal weapons specifically.
Bryan Ganz, President &amp; CEO of SDI stated &#147;We believe that the partnership
with Roboro will allow SDI to achieve the quality levels and production numbers
needed to both quickly fill our back orders and meet anticipated demand for the
Byrna HD.&#148;</P>
<P align=justify>Total production for the 3<SUP>rd </SUP>Quarter (ending August
31<SUP>st</SUP>) is slated to be approximately 3000 units with 700 units planned
for June, 1,000 units planned for July, and 1,300 units scheduled to be produced
in August. At this rate, SDI will be able to work through its back orders by the
end of Q3 and begin focusing on new business development. The Company expects Q3 sales to be in
excess of $750,000.00 (more than a 450% increase from the Company&#146;s best
quarter).</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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<P align=justify>SDI is reviewing the formulation and production of its Byrna
Black chemical irritant rounds after it received a complaint that there was an
ineffective round sent to a customer. Although all rounds tested by the Company
have been effective, SDI is reviewing the formulation to ensure the rounds
produce the desired deterrent effect on anyone unlucky enough to be on the
receiving end of the Company&#146;s chemical irritant projectiles. In the interim
orders are being filled with an alternative formulation that does not include
PAVA and with the Company&#146;s all natural Jingle Ball projectiles. Customers who
were shipped the original Byrna Black projectiles are being provided with the
replacement projectiles free of charge, and have been advised that pending
completion of the review they should not to rely on the projectiles originally
shipped with their kits for self-defense. The new projectiles should be ready
for shipment by the end of the month. </P>
<P align=justify>The Company has been preparing its sales and marketing campaign
to be launched as soon as it has adequate stock to be able to fill orders as
they are received. Victor Eng, Head of Social Media Sales &amp; Marketing at SDI
stated &#147;we are just now working through our back orders. We don&#146;t want to be
right back in the situation where orders are being placed on back order as sales
outstrip production. Our goal is to grow sales and production in concert with
production ramping up as sales increase. We are confident that with our new
partner, Roboro, it won&#146;t be long before we can kick off several highly
qualified email, social media, and influencer campaigns that we are just waiting
to &#147;pull the trigger on!&#148; SDI expects to launch its sales and marketing campaign
either just before or just after the July 4<SUP>th </SUP>Holiday Weekend. </P>
<P align=justify>SDI redeemed $1.4 million CAD of Senior Secured Debentures plus
accrued interest on June 6<SUP>th</SUP>. These bonds carried an interest rate of
12%.</P>
<P align=justify><B>About Security Devices International</B></P>
<P align=justify>Security Devices International, Inc. (CSE: SDZ) (OTCQB: SDEV)
is a technology company specializing in the areas of Personal Security Devices,
Military, Law Enforcement, Corrections, and Private Security. The Company
develops and manufactures innovative, less lethal equipment and munitions. For
more information on SDI, please visit the corporate website here or the
company&#146;s investor relations site <U><FONT color=#0000ff>here. </FONT></U></P>
<P align=justify><B>About the Byrna&#153; HD Personal Security Device</B></P>
<P align=justify>The Byrna&#153; HD is a disruptive new non-lethal device aimed at
the home defense and personal security markets. Its small size (similar to
popular lethal handguns on the market today), ease of obtaining, ease of carry,
effectiveness in deterring or stopping an intruder, and accessible price point
should be appealing to individuals who want protection, but either don't want
the hassle of obtaining a gun license or don't want the risk of having a hand
gun in their home, as well as to gun enthusiasts who appreciate a precision
piece of equipment and want something in their collection that is both effective
and non-lethal. </P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_3></A>
<P align=justify>The Byrna&#153; HD comes with multiple easily reloadable magazines
that can hold five .68 caliber highly effective payload rounds designed to burn
an assailant&#146;s eyes and respiratory system upon contact. The Byrna also comes
with inert and impact rounds that can be used for training. Accurate up to 60
feet, the Byrna&#153; HD is fitted with a picatinny rail that allows owners to mount
either a laser sight or flashlight making it easy for novices to fire it
accurately. The Byrna&#153; HD provides homeowners, women, retirees, and others whose
work or daily activities may put them at risk of being a victim with easy access
to an effective, non-lethal way to protect themselves and their loved ones from
threats to their person or property. It also is ideal for boaters, truckers, RV
owners, campers and gun enthusiasts around the world.</P>
<P align=justify>For more information on the Byrna&#153;, please click <U><FONT
color=#0000ff>here. </FONT></U></P>
<P align=justify>The Byrna HD is not a &#147;firearm&#148; under federal law and does not
require a federal gun license. State laws and local ordinances may regulate its
possession, use, and carry in certain localities.</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
<A name=page_4></A>
<P align=justify><B>Forward Looking Statement</B></P>
<P align=justify>This news release includes certain &#147;forward looking statements&#148;
  reflecting management&#146;s current expectations of future events including, without
  limitation, those about the anticipated production, production rate, delivery,
  effectiveness, regulation, legality, performance, sales, and marketing of the
  Byrna&#153; HD and Byrna projectiles, and the anticipated market response. These
  statements involve risks and uncertainties, and actual results may differ from
  current expectations. Risks and uncertainties include without limitation: design
  flaws; implementation of design changes, production problems or changes that
  cause manufacturing or shipping delays, quality problems, cost overruns; the
  transition of production to a new facility and training of new personnel, the
  testing process and results of testing on the Byrna Black rounds , other issues
  related to the formulation or effectiveness of the Company&#146;s rounds, the
  Company&#146;s dependence in part or in whole on the performance of third parties
  including those located outside the United States in connection with sourcing of
  components, distribution and resale, and logistic and assembly services; the
  dependency of the Company on proprietary and other intellectual property, which
  may not be available to the Company on commercially reasonable terms or at all;
  the impact of unfavorable legal proceedings, including intellectual property
  disputes; the impact of state and local laws and regulation or changes to laws and regulations including licensing, registration, and
  certification laws related to sale, possession or use of Byrna products or
  pepper-based defense products; the ability of the Company to manage risks
  associated with its activities at a manageable cost, including complying with
  applicable laws and regulations, and renewing and maintaining adequate
  insurance; and competition from less expensive or superior products that may be
  developed. 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>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left><B>Investor Relations </B></TD></TR>
  <TR vAlign=top>
    <TD align=left>Bryan S. Ganz </TD></TR>
  <TR vAlign=top>
    <TD align=left>President and CEO </TD></TR>
  <TR vAlign=top>
    <TD align=left>781-420-1428 </TD></TR>
  <TR vAlign=top>
    <TD align=left><U><FONT color=#0000ff>bryan@byrna.com
  </FONT></U></TD></TR></TABLE><BR>
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