Mace Announces Appointment of Chairman and Election of New Board Members
Mace Security International Inc. announces the appointment of Richard A. Barone as the company’s chairman of the board at a board of directors meeting that followed Mace’s annual stockholders meeting in New York City on July 14, 2011 and the election by the company’s stockholders of the five nominated directors, including two new directors.
The two new directors who were elected to the board to replace outgoing directors John C. Mallon and Gerald T. LaFlamme were Denis J. Amato and Larry Pollock. Amato, who was also appointed by the board to serve as the company’s audit committee chairman, is the chief investment officer of the Ancora Group Inc. Pollock, who will also serve as chairman of the company’s compensation committee, is the managing partner of Lucky Stars Partners LLC, a private investment firm focusing on early stage businesses, troubled businesses and real estate. Dennis R. Raefield and Michael E. Smith were also re-elected to the board of directors, along with Barone.
“Although we will miss the sage advice that Jack Mallon and Jerry LaFlamme provided to our board, we are excited to have Richard Barone as our new chairman and to have Denis Amato and Larry Pollock join us with their extensive business experience as we focus on our future growth strategies with the anticipated funding from our rights offering we recently commenced,” said Dennis R. Raefield, Mace’s CEO and president.