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 28, 2002
FINANCIAL INDUSTRIES CORPORATION
(Exact name of Registrant as specified in charter)
Texas 0-4690 74-2126975
(State or other jurisdiction (Commission file number) (I.R.S. employer
of incorporation) identification no.)
6500 River Place Blvd., Building One
Austin, Texas 78730
(Address of principal executive offices)
Registrant's telephone number, including area code: (512) 404-5000
_________________________
Item 5. Other Events
On August 26, 2002, FIC filed its Form 10-Q for the period ended June 30, 2002
(the "Form 10-Q"), which had been due on August 14, 2002. FIC reported in the
Form 10-Q that as a result of the late filing, the Company had received a Nasdaq
Staff Determination on August 20, 2002 indicating that since Nasdaq had not
received the Company's Form 10-Q for the period ended June 30, 2002 as required
by Marketplace Rule 4310(c)(14), the Company's securities would be delisted from
the Nasdaq Stock Market at the opening of business on August 28, 2002 unless the
Company requested a hearing in accordance with the Marketplace Rules. As a
result of the late filing, the trading symbol for the Company's securities were
changed from FNIN to FNINE at the opening of business on August 23, 2002.
On August 27, 2002, FIC received a letter from Nasdaq stating that based on the
filing of the Form 10-Q, FIC is in compliance with Marketplace Rule 4310(c)(14)
and the delisting matter has been closed. As a result of FIC's compliance with
the aforementioned Rule, the Company's trading symbol will be changed from FNINE
back to FNIN at the opening of business on August 29, 2002.
Item 7. Exhibits
(c) Exhibit 99.1* Press Release dated August 27, 2002
________________
* Filed herewith
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.
FINANCIAL INDUSTRIES
CORPORATION
Date: August 28, 2002 By: /s/ Jeffrey H. Demgen
_____________________________
Jeffrey H. Demgen
Chief Financial Officer
Exhibit 99.1
FOR IMMEDIATE RELEASE
August 27, 2002
FOR MORE INFORMATION CONTACT
Robert S. Cox
512-404-5128
FINANCIAL INDUSTRIES CORPORATION REPORTS THAT FILING OF ITS
QUARTERLY REPORT ON FORM 10-Q CORRECTS NASDAQ RULE VIOLATION
AUSTIN, TEXAS -- Financial Industries Corporation (FIC) announces that the
filing on August 26, 2002 of its quarterly report for the period ended June 30,
2002 has brought FIC back into compliance with Nasdaq rules. Filing of the Form
10-Q had been delayed because of the review by the Audit Committee described in
FIC's press release dated August 15, 2002 and its Current Report on Form 8-K
filed with the Securities and Exchange Commission (SEC) on that same day.
Earlier today, FIC issued a press release announcing its quarterly and six-
month results.
FIC reported in its Form 10-Q that as a result of the late filing, the Company
had received a Nasdaq Staff Determination on August 20, 2002 indicating that it
failed to comply with Marketplace Rule 4310(c)(14), which provides for the
filing with Nasdaq of periodic reports required to be filed with the SEC.
Because of the inability to timely file the Form 10-Q for the period ended June
30, 2002, the trading symbol for the common stock of the Company was changed
from FNIN to FNINE on August 23, 2002.
Today FIC received notice from Nasdaq that based on the filing of the Form 10-Q
for the quarter ended June 30, 2002, FIC complies with Marketplace Rule
4310(c)(14) and the delisting matter has been closed. As a result of FIC's
compliance with the aforementioned Rule, the Company's trading symbol will be
changed from FNINE back to FNIN at the opening of business on August 29, 2002.
The review by the Audit Committee that delayed the filing of the Form 10-Q is
ongoing. The Audit Committee is expected to provide a formal report to the Board
of Directors concerning the results of its review, after which the Board will
take appropriate action. The Company intends to provide further information as
to the status of the Audit Committe's review on a periodic basis.
The information in this release relating to the Company's operations and
financial results, future business developments, and contingencies and
uncertainties constitute forward-looking statements under the Private Securities
Litigation Reform Act of 1995.
For more information on FIC, go to http://www.ficgroup.com on the Internet.