UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: (Date of earliest event reported): December 9, 2008 (December 4, 2008)
INX Inc.
(Exact name of registrant as specified in its charter)
Delaware (State of Incorporation) | 1-31949 Commission file number | 76-0515249 (I.R.S. Employer Identification No.) |
6401 Southwest Freeway
Houston, Texas 77074
(Address of Registrant’s principal executive offices)
(713) 795-2000
(Registrant’s telephone number, including area code)
(Not Applicable)
(Former name or former address, if changed since last report)
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:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
On December 4, 2008, the Board of Directors of INX Inc. (“INX”) approved modification of the current share repurchase plan approved September 9, 2008, to increase the aggregate dollar amount of shares of INX Common Stock that may be repurchased from $2 million to $4 million, and extending the period through which repurchases may be made to March 31, 2009. The plan calls for the repurchases to be made in open market or privately negotiated transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, subject to market and business conditions, applicable legal requirements and other factors. The plan also requires the repurchased shares to be retired as soon as practicable following the repurchase. The plan does not obligate INX to purchase any particular number of shares, and may be suspended at any time at the discretion of INX in accordance with Rule 10b-18.
INX issued a related press release announcing the new share repurchase program on December 9, 2008. The full text of the press release is attached as Exhibit 99.1 to this report and is hereby incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits |
| | Exhibit Number | Description |
| | 99.1 | Press Release, dated December 9, 2008. |
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.
| Date: December 9, 2008 | INX Inc. |
| | | | |
| | | | |
| | By: | /s/ Brian Fontana | |
| | | Brian Fontana | |
| | | Chief Financial Officer | |
EXHIBIT INDEX
| | Exhibit Number | Description |
| | | Press Release, dated December 9, 2008. |
