Tag: Michael Smith
Mace has a new, new CEO
December 20, 2011Martha Entwistle
Mace Security announced December 19 that John J. McCann will take over as CEO of the company on January 3. Michael Smith, the current “interim” CEO “has notified the Company that he will resign as interim Chief Executive Officer and a director of the Company effective January 2, 2012.” The 8K says that Mace was conducting a search for a CEO during the pendency of Smith, but there was no “interim” in front of Smith's CEO title when he was appointed back in August...
Mace Security sells IVS
November 9, 2011Martha Entwistle
COPPELL, Texas—Mace Security on October 27 announced the sale of IVS to Costar Video Systems, which is based here. IVS is a distributor of high-end digital and machine vision cameras and professional imaging components, which has been in business since 1989.Costar paid $517,000 cash at closing plus an additional $100,000 consideration payable if certain revenue levels are achieved by Costar in the first 90 days following the sale.Jim Pritchett, CEO of Costar, said his security operation benefits...