INTRUSION INC. Files 8-K on Shareholder Vote Matters

TL;DR

INTRUSION INC. is holding a shareholder vote on key company matters.

AI Summary

On August 27, 2024, INTRUSION INC. filed an 8-K report detailing a submission of matters to a vote of security holders. The filing, made on September 3, 2024, pertains to the company's corporate governance and shareholder decisions.

Why It Matters

This filing indicates that INTRUSION INC. is engaging its shareholders in important corporate decisions, which can impact the company's direction and governance.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of matters submitted for a shareholder vote, not indicating any immediate financial distress or significant operational change.

Key Numbers

• 001-39608 — SEC File Number (Identifies the company's filing with the SEC.)
• 75-1911917 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• INTRUSION INC. (company) — Registrant
• August 27, 2024 (date) — Earliest event reported
• September 3, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of Incorporation
• Plano, Texas (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share INTZ NASDAQ Capit
• $10.0 Million — e the reservation and issuance of up to $10.0 Million of Common Stock in connection with a St

Filing Documents

• intrusion_8k.htm (8-K) — 42KB
• 0001683168-24-006152.txt ( ) — 216KB
• intz-20240827.xsd (EX-101.SCH) — 3KB
• intz-20240827_lab.xml (EX-101.LAB) — 33KB
• intz-20240827_pre.xml (EX-101.PRE) — 24KB
• intrusion_8k_htm.xml (XML) — 4KB

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders. Intrusion Inc. ("Intrusion") held its Annual Meeting of Stockholders on August 27, 2024 (the "Annual Meeting"). At the Annual Meeting, Intrusion's stockholders voted on five proposals, each of which is described in more detail in Intrusion's definitive proxy statement filed with the Securities and Exchange Commission on July 15, 2024. Present at the Annual Meeting in person or by proxy were holders representing 5,436,629 shares of Common Stock, representing 5,436,629 votes and approximately 56.44% of the eligible votes, constituting a quorum. The following is a brief description of each matter voted upon and the certified results, including the number of votes cast for or against each matter and the number of abstentions and broker non-votes, if applicable, with respect to each matter. The stockholders of Intrusion voted on the following items at the Annual Meeting: (1) To elect six (6) directors to serve until the next Annual Meeting of Stockholders or until their respective successors are duly elected and qualified: Anthony J. LeVecchio; Anthony Scott; James F. Gero; Katrinka B. McCallum; Gregory K. Wilson, and Dion Hinchcliffe. (2) To ratify the appointment of Whitley Penn LLP as independent auditors of the Company for the fiscal year ending December 31, 2024. (3) To approve an amendment to the 2021 Omnibus Incentive Plan to increase the number of shares reserved under the Plan from 125,000 to 2,500,000. (4) To approve an amendment to the 2023 Employee Stock Purchase Plan to increase the number of shares reversed under the Plan from 50,000 to 1,000,000. (5) To approve the reservation and issuance of up to $10.0 Million of Common Stock in connection with a Standby Equity Purchase Agreement with Streeterville Capital, LLC, so that such issuances are made in accordance with Nasdaq Marketplace Rule 5635(d) (the "Rule") (which requires stockholder approval of issuances or potential issuan

View Full Filing

View this 8-K filing on SEC EDGAR