<SEC-DOCUMENT>0001062993-20-000562.txt : 20200211
<SEC-HEADER>0001062993-20-000562.hdr.sgml : 20200211
<ACCEPTANCE-DATETIME>20200211073239
ACCESSION NUMBER:		0001062993-20-000562
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200211
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200211
DATE AS OF CHANGE:		20200211

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/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-132456
		FILM NUMBER:		20593922

	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/A
<SEQUENCE>1
<FILENAME>form8ka.htm
<DESCRIPTION>FORM 8-K/A
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    <title>Security Devices International Inc.: Form 8-K/A - Filed by newsfilecorp.com</title>
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        <div style="text-align: center;"><font style="font-size: 10pt;">&#160;</font><font style="font-size: 18pt;"><b>UNITED STATES</b></font><br><font style="font-size: 18pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></font><br><font style="font-size: 10pt;"><b>Washington, D.C. 20549</b></font></div>
        <p style="text-align: center;"><font style="font-size: 18pt;"><b>FORM 8-K/A</b></font><br><font style="font-size: 10pt;">(Amendment No. 1)</font></p>
        <p style="text-align: center;"><font style="font-size: 10pt;"><b>CURRENT REPORT</b></font><br><font style="font-size: 10pt;"><b>Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</b></font></p>
        <p style="text-align: center;"><font style="font-size: 10pt;">Date of Report (Date of earliest event reported) <u>February 10, 2020</u></font></p>
        <p style="text-align: center;"><u><b><font style="font-size: 10pt;"><font style="font-size: 18pt;">SECURITY DEVICES INTERNATIONAL INC.</font><br></font></b></u><font style="font-size: 10pt;">(Exact name of registrant as specified in its charter)</font></p>
        <table style="width: 100%;" cellspacing="0" cellpadding="0">
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                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;"><u>Delaware</u></font></p>
                </td>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;"><u>333-132456</u></font></p>
                </td>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;"><u>71-1050654</u></font></p>
                </td>
            </tr>
            <tr>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">(State or other jurisdiction</font></p>
                </td>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">(Commission</font></p>
                </td>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">(IRS Employer</font></p>
                </td>
            </tr>
            <tr>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">of incorporation)</font></p>
                </td>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">File Number)</font></p>
                </td>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">Identification No.)</font></p>
                </td>
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        </table>
        <br>
        <table style="width: 100%;" cellspacing="0" cellpadding="0">
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                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;"><u>107 Audubon Road, Suite 201 Wakefield, MA</u></font></p>
                </td>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;"><u>01880</u></font></p>
                </td>
            </tr>
            <tr>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">(Address of principal executive offices)</font></p>
                </td>
                <td style="width: 33%; text-align: center;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">(Zip Code)</font></p>
                </td>
            </tr>
        </table>
        <p style="text-align: center;"><font style="font-size: 10pt;">Registrant&#8217;s telephone number, including area code <u>(978) 868-5011</u></font></p>
        <p style="text-align: center;"><font style="font-size: 10pt;">&#160;</font></p>
        <hr style="height: 1px; background-color: #000000; border: none;">
        <p style="text-align: center;"><font style="font-size: 10pt;">(Former name or former address, if changed since last report.)</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">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:</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">[&#160;&#160; ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">[ &#160; ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">[ &#160; ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">[ &#160; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">Securities registered pursuant to Section 12(b) of the Act:</font></p>
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                <td style="width: 40%; text-align: center; border-top: 1px solid #000000; border-left: 1px solid #000000;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">Title of each class</font></p>
                </td>
                <td style="width: 20%; text-align: center; border-top: 1px solid #000000;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">Trading</font></p>
                </td>
                <td style="width: 40%; border-top: 1px solid #000000; border-right: 1px solid #000000;">
                    <p><font style="font-size: 10pt;">Name of each exchange on which registered</font></p>
                </td>
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                <td style="width: 40%; text-align: center; border-bottom: 1px solid #000000; border-left: 1px solid #000000;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">&#160;</font></p>
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                <td style="width: 20%; text-align: center; border-bottom: 1px solid #000000;">
                    <p style="text-align: center;"><font style="font-size: 10pt;">Symbol(s)</font></p>
                </td>
                <td style="width: 40%; border-bottom: 1px solid #000000; border-right: 1px solid #000000;">
                    <p><font style="font-size: 10pt;">&#160;</font></p>
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                <td style="width: 40%; border-left: 1px solid #000000;">
                    <p><font style="font-size: 10pt;">Common Stock, par value $0.001 per share</font></p>
                </td>
                <td style="width: 20%;">
                    <p><font style="font-size: 10pt;">SDEV</font></p>
                </td>
                <td style="width: 40%; border-right: 1px solid #000000;">
                    <p><font style="font-size: 10pt;">OTC QB</font></p>
                </td>
            </tr>
            <tr>
                <td style="width: 40%; border-bottom: 1px solid #000000; border-left: 1px solid #000000;">
                    <p><font style="font-size: 10pt;">Common Stock, par value $0.001 per share</font></p>
                </td>
                <td style="width: 20%; border-bottom: 1px solid #000000;">
                    <p><font style="font-size: 10pt;">SDZ.CN</font></p>
                </td>
                <td style="width: 40%; border-bottom: 1px solid #000000; border-right: 1px solid #000000;">
                    <p><font style="font-size: 10pt;">Canadian Securities Exchange</font></p>
                </td>
            </tr>
        </table>
        <p style="text-align: justify;"><font style="font-size: 10pt;">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).</font></p>
        <p style="text-align: right;"><font style="font-size: 10pt;">Emerging growth company [&#160;&#160; ]</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">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. [&#160;&#160; ]</font></p>
    </div>
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        <p style="text-align: justify;"><font style="font-size: 10pt;"><b>Explanatory Note</b></font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">On January 8, 2020, Security Devices International Inc. (the &#8220;Company&#8221;) filed a Current Report on Form 8-K (the &#8220;Original 8-K&#8221;) disclosing, among other things, certain grants by the Company of incentive stock options to directors for service on the Company&#8217;s Board of Directors, which grants were made on December 31, 2019. The Company is filing this Amendment No. 1 on Form 8-K/A to include additional grants of stock options, restricted stock, and warrants also made by the Company on December 31, 2019.</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;"><b>Item 3.02 Unregistered Sales of Equity Securities.</b></font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">On December 31, 2019 the Company granted the following incentive stock options to its directors for their service on the Company&#8217;s board of directors as follows:</font></p>
        <ul>
            <li><font style="font-size: 10pt;">To Donald Levantin, 200,000 options for board service from January to June 2019 and 162,500 options for board service from July to December 2019;</font></li>
            <li><font style="font-size: 10pt;">To Karen Bowling, 125,000 options for board service from January to June 2019 and 162,500 options for board service from July to December 2019;</font></li>
            <li><font style="font-size: 10pt;">To Herbert Hughes, 175,000 options for board service from July to December 2019;</font></li>
            <li><font style="font-size: 10pt;">To each of Beatrice Mitchell and Bill Richards, 162,500 options for board service from July to December 2019; and</font></li>
            <li><font style="font-size: 10pt;">To Paul Jensen, 87,500 options for board service from July to December 2019.</font></li>
        </ul>
        <p style="text-align: justify;"><font style="font-size: 10pt;">The options vested upon issuance and have an expiry term of five years. The exercise price of each of these stock options is $0.19 (U.S.), and such options were granted in reliance upon exemption from registration pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">On December 31, 2019, the Company also awarded year-end bonuses to certain of its employees and consultants. No cash bonuses were awarded. A total of 2,290,000 options exercisable for shares of the Company&#8217;s common stock and 625,000 shares of restricted stock were awarded to 12 individuals. All such options vest upon issuance, have an expiry term of five years, and are exercisable at $0.19 (U.S.). Such options were issued pursuant to, and are governed by, the terms of the Company&#8217;s Stock Option Plan. Such options were granted in reliance upon exemption from registration pursuant to Section 4(a)(2) under the Securities Act.</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">On December 31, 2019, the Company also granted 150,000 warrants exercisable for shares of the Company&#8217;s common stock to a marketing consultant. The warrants have a strike price of $0.25 (U.S.), vest upon issuance, and expire on February 5, 2021. Such warrants were granted in reliance upon exemption from registration pursuant to Section 4(a)(2) under the Securities Act.</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">In addition, in accordance with the terms of the Purchase and Sale Agreement between the Company and Andr&#233; Buys (&#8220;Buys&#8221;) dated April 13, 2018, as amended on December 19, 2019 (the &#8220;Agreement&#8221;), on January 7, 2020, the Company issued 3,866,810 shares of restricted stock to Buys and his designee, 2,946,140 of which were issued to Buys and the balance of which were issued to an unrelated entity designated by Buys. Such shares were issued at a price per share of $0.16 (U.S.), and were issued in reliance upon exemption from registration pursuant to Section 4(a)(2) under the Securities Act.</font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;"><b>Item 9.01 Financial Statements and Exhibits.</b></font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">(d)&#160;Exhibits</font><font style="font-size: 10pt;">&#160;</font></p>
        None.<br>
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        <div style="text-align: center;"><font style="font-size: 10pt;">&#160;</font></div>
        <p style="text-align: center;"><font style="font-size: 10pt;"><b>SIGNATURES</b></font></p>
        <p style="text-align: justify;"><font style="font-size: 10pt;">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></p>
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                <td style="width: 50%;"><font style="font-size: 10pt;">&#160;</font></td>
                <td style="text-align: center; border-bottom: 1px solid #000000;" colspan="2"><font style="font-size: 10pt;">Security Devices International Inc.</font></td>
            </tr>
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                <td style="width: 50%;"><font style="font-size: 10pt;">&#160;</font></td>
                <td style="text-align: center;" colspan="2"><font style="font-size: 10pt;">(Registrant)</font></td>
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                <td style="width: 50%;"><font style="font-size: 10pt;">Date <u>February 10, 2020</u></font></td>
                <td colspan="2"><font style="font-size: 10pt;">&#160;</font></td>
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                <td style="width: 50%;"><font style="font-size: 10pt;">&#160;</font></td>
                <td style="text-align: center; border-bottom: 1px solid #000000;" colspan="2"><font style="font-size: 10pt;">/s/ Bryan Ganz</font></td>
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                <td style="width: 50%;"><font style="font-size: 10pt;">&#160;</font></td>
                <td style="text-align: center;" colspan="2"><font style="font-size: 10pt;">(Signature)</font></td>
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                <td><font style="font-size: 10pt;">&#160;</font></td>
                <td style="width: 5%;"><font style="font-size: 10pt;">Name: </font></td>
                <td style="width: 45%;"><font style="font-size: 10pt;">Bryan Ganz</font></td>
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                <td><font style="font-size: 10pt;">&#160;</font></td>
                <td style="width: 5%;"><font style="font-size: 10pt;">Title: </font></td>
                <td style="width: 45%;"><font style="font-size: 10pt;">Chief Executive Officer</font></td>
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