SECURITY DEVICES INTERNATIONAL, INC. (OTCMKTS:SDEV) Files An 8-K Submission of Matters to a Vote of Security Holders

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SECURITY DEVICES INTERNATIONAL, INC. (OTCMKTS:SDEV) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07Submissions of Matters to a Vote of Security Holders

On December 19, 2017 Security Devices International Inc. (the “Company”) held an annual and special meeting (the “Meeting”) of the Company’s shareholders. At the Meeting, the shareholders of the Company (1) elected all four (4) of the Company’s director nominees; (2) ratified the appointment of UHY McGovern Hurley LLP as the Company’s independent registered public accounting firm for the fiscal year ended November 30, 2017; (3) approved the extension of the consulting agreement (the “Northeast Consulting Agreement”) between the Company and Northeast Industrial Partners LLC; (4) approved the issuance of shares of common stock to Paul Jensen (the “Paul Jensen Issuance”) the Company’s President & COO to an employment agreement; and (5) approved a revised stock option plan (the “Stock Option Plan”) for the Company.

The following is a tabulation of the votes for each individual director nominee:

Director

For

Withheld

Abstain

Broker Non-Vote

Dean Thrasher

16,446,031

35,819

3,477,557

Bryan Ganz

16,446,031

35,819

3,477,557

Karen Bowling

16,467,431

14,419

3,477,557

Don Levantin

16,467,431

14,419

3,477,557

The following is a tabulation of the votes for (1) the ratification of the appointment of UHY McGovern Hurley LLP (“MH”) as the Company’s independent registered public accounting firm; (2) the approval of the extension of the Northeast Consulting Agreement; (3) the approval of the issuance of shares of common stock to Paul Jensen; and (4) the approval of the Company’s revised Stock Option Plan:

Item Approved

For

Withheld/Against

Abstain

Broker Non-Vote

Ratification of MH

19,422,485

536,922

Northeast Consulting Agreement

14,924,990

20,245

1,536,615

3,477,557

Paul Jensen Issuance

16,432,170

49,680

3,477,557

Stock Option Plan

14,656,198

159,237

1,666,415

3,477,557

Item 9.01Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Shell Company Transaction.

Not applicable.

(d) Exhibits.

Not applicable.


About SECURITY DEVICES INTERNATIONAL, INC. (OTCMKTS:SDEV)

Security Devices International, Inc. (SDI) is a less-lethal defense technology company. The Company’s segments include the U.S.A. and Canada. It is specialized in the development, manufacturing and sale of next generation less-lethal ammunition. This ammunition is used by the military, correctional services and police agencies for crowd control. SDI’s 40 millimeter (mm) less-lethal weapon technology can be used over both short, as well as long distances. The Company has two products, which include Blunt Impact Projectile 40 millimeter (BIP) and Wireless Electric Projectile 40 millimeter (WEP). Its BIP family of ammunitions include BIP (Standard); BIP MP: Marking Powder; BIP ML: Marking Liquid; BIP OC: Oleoresin Capsicum; BIP MO: Malodorant; BIP DNA: Forensic Marking; BIP CS: Tear Gas Powder, and BIP TR: Training Round. The Company offers SDI Instructor Training Course, which provides professionally skilled instructors in less-lethal training.

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