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): MAY 15, 2003
INFINITY, INC.
(Exact name of registrant as specified in its charter)
COLORADO 0-17204 84-1070066
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation or Number)
organization)
211 WEST 14TH STREET 66720
CHANUTE, KANSAS (Zip Code)
(Address of principal
executive offices)
Registrant's telephone number, including area code: (620) 431-6200
NO CHANGE
(Former name or former address, if changed since last report)
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
Exhibit
No. Description
-------- -----------------------------------------------------------------
99.1 Press release of Infinity, Inc., dated May 15, 2003, reporting
financial results for the first quarter.
ITEM 9. REGULATION FD DISCLOSURE
On May 15, 2003, Infinity, Inc. issued a press release reporting its 2003
first quarter financial results. The press release is furnished as Exhibit 99.1
to this Report and is incorporated by reference herein.
The press release is furnished pursuant to Item 12, "Disclosure of Results
of Operations and Financial Condition" and Item 9, "Regulation FD Disclosure."
This information, including the Exhibit attached to this Report, shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
nor incorporated by reference in any registration statement filed by Infinity,
Inc. under the Securities Act of 1933.
In addition, in its May 21, 2003 conference call, announced in its May 15
and May 21, 2003 press releases, the Company reported that since its
announcement last September that the Company would seek strategic alternatives,
it had engaged in a process of soliciting and reviewing strategic alternatives.
The Company stated that it has recently been engaged in detailed negotiations
about a potential merger, but that it had not reached an agreement and
negotiations had been terminated. The Company reported that it is now focused on
the following goals: (i) enhancement of its current Pipeline and LaBarge
operations; (ii) improving its balance sheet by seeking financing and selective
asset sales; and (iii) seeking additional exploration and development
opportunities. There can be no assurance that these objectives will be achieved.
First quarter 2003 gas production totaled 323,376 mcf at Pipeline and
8,460 mcf at LaBarge, increased from 126,787 mcfs and 0 mcfs in the first
quarter of 2002. The Company expects to double its annual gas production in
2003. Pipeline oil production in the first quarter 2003 totaled 16,767 barrels,
up from 12,447 in the first quarter 2002.
FORWARD LOOKING STATEMENTS
This Report on Form 8-K contains forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of 1995), and
information relating to Infinity that is based on beliefs of management of
Infinity, as well as assumptions made by and information currently available to
management of Infinity. When used in this Report, the word "expects" and similar
expressions are intended to identify forward-looking statements. Such statements
reflect the current views of Infinity with respect to future events based on
currently available information and are subject to risks and uncertainties that
could cause actual results to differ
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materially from those contemplated in such forward-looking statements, including
future rates of production.
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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.
Date: May 21, 2003
INFINITY, INC.
By: /s/ STANTON E. ROSS
--------------------------------
Stanton E. Ross
President
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EXHIBIT INDEX
Exhibit
No. Description
-------- -----------------------------------------------------------------
99.1 Press release of Infinity, Inc., dated May 15, 2003, reporting
financial results for the first quarter.