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): August 31, 2010
AXCESS INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
Delaware |
| 0-11933 |
| 85-0294536 |
(State or other jurisdiction |
| (Commission File Number) |
| (I.R.S. Employer |
of incorporation) |
|
|
| Identification No.) |
16650 Westgrove Drive, Suite 600, Addison, Texas |
| 75001 |
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code (972) 407-6080
Former Address: 3208 Commander Drive, Carrollton, Texas |
| 75006 |
(Former address of principal executive offices) |
| (Zip Code) |
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On August 31, 2010 and September 15, 2010, Axcess International Inc. (“AXCESS” or the “Company”) failed to pay its employees due to a lack of operating capital. Axcess intends to pay all of its employees for the period worked. All of the Company’s employees have continued to work. This has allowed the Company to continue to ship its products and maintain customer support. The Company is attempting to close on the latest round of fund commitments, however, no assurance can be given that the Company will close on this round of financing and that the Company’s employees will continue to work and that the Company will be able to maintain its operations unless this capital is received.
Signature
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.
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| AXCESS INTERNATIONAL, INC. |
|
| (Registrant) |
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September 24, 2010 |
| /s/ ALLAN GRIEBENOW |
(Date) |
| Allan Griebenow |
|
| President and Chief Executive Officer |
