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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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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 25, 2006
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EXX INC
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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NEVADA 1-5654 88-0325271
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
OF ORGANIZATION) IDENTIFICATION NUMBER)
1350 EAST FLAMINGO ROAD, SUITE 689
LAS VEGAS, NEVADA 89119-5263
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (702) 598-3223
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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.
| | Soliciting material pursuant to Rule 14a-12 under the Exchange Act.
| | Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act.
| | Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act.
ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE
OR STANDARD; TRANSFER OF LISTING.
On May 25, 2006, EXX Inc (the "Company") received a notice from The
American Stock Exchange ("Amex") indicating that the Company is not in
compliance with listing requirements under Section 301 of the Amex Company
Guide requiring the Company to file an application for the listing of
additional shares with respect to 250,000 shares of Class B Common Stock
which were authorized to be issued to David A. Segal, the Company's
Chairman, Chief Executive Officer, and Chief Financial Officer pursuant to a
performance award issued to Mr. Segal in 2003. The Company expects to file
the required listing of additional shares application on or before June 8,
2006 and believes that upon that filing it will be in compliance with all
applicable continued listing requirements. Amex has informed the Company
that failure to submit the additional shares application by June 8, 2006
and/or any subsequent failure to comply with any other continued listing
requirements will result in the Amex assessing the Company's continued
listing eligibility including, as appropriate, the application of continued
listing evaluation and follow-up proceedings specified in Section 1009 of
the Amex Company Guide and/or initiation of delisting proceedings.
On June 1, 2006, the Company issued a press release announcing the
matters discussed herein. A copy of such press release is included as
Exhibit 99 to this Current Report on Form 8-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) The following exhibit is filed as part of this report:
Exhibit Number Description
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99 Press Release issued by the Company
on June 1, 2006.
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.
EXX INC
Date: June 1, 2006 By: /s/ David A. Segal
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Chairman of the Board
Chief Executive Officer
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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99 Press Release, dated June 1, 2006