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): 08/20/2009
International Assets Holding Corporation
(Exact name of registrant as specified in its charter)
Commission File Number: 000-23554
Delaware | 59-2921318 | |
(State or other jurisdiction of | (IRS Employer | |
incorporation) | Identification No.) |
220 E. Central Parkway, Suite 2060, Altamonte Springs, FL 32701
(Address of principal executive offices, including zip code)
407-741-5300
(Registrant’s telephone number, including area code)
(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))
[ ] 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))
Item 8.01. Other Events
Scott J. Branch, the Company's President, adopted a Rule 10b5-1 trading plan ("Plan")with a broker on August 20, 2009. Under the Plan, which is effective August 24, 2009, Mr. Branch may sell up to 12,333 shares of the Company's common stock in conjunction with the exercise of 12,333 options. Mr. Branch may also sell up to 20,000 shares of stock currently owned. The Plan specifies the timing and market prices for the sales, subject to the terms and conditions of the Plan. Mr. Branch entered into the Plan as part of his personal long-term investment strategy for asset diversification and liquidity. Mr. Branch will have no control over the timing of the stock sales under the Plan. The Plan is scheduled to terminate on December 31, 2010.
The Plan is intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, and the Company's insider trading policy. Rule 10b5-1 allows corporate insiders to establish prearranged written stock trading plans. The 1 0b5-1 plan must be entered into in good faith at a time when the insider is not aware of material non-public information. Subsequent receipt by the insider of material non-public information will not prevent prearranged transactions under the 10b5-1 plan from being executed.
SIGNATURES
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.
| International Assets Holding Corporation | ||||||||
| Date: August 21, 2009 | By: | /s/ Scott J. Branch | ||||||
| Scott J. Branch | ||||||||
| President | ||||||||