form8k.htm 8-K 1 form8k.htm INX INC 8-K 12-4-2007
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):  December 5, 2007 (December 4, 2007)

INX Inc.
(Exact name of registrant as specified in its charter)


Delaware
1-31949
76-0515249
(State of Incorporation)
Commission file number
(I.R.S. Employer Identification No.)


6401 Southwest Freeway
Houston, Texas 77074
(Address of Registrant’s principal executive offices)


(713) 795-2000
(Registrant’s telephone number, including area code)


(Not Applicable)
(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))
 

Other Events.

On December 4, 2007, the Board of Directors of INX Inc. (“INX”) approved the repurchase of up to an aggregate of $2 million of INX Common Stock.  Under the repurchase plan, any shares repurchased must be purchased on or before March 31, 2008.  The plan calls for the repurchases to be made in open market or privately negotiated transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, subject to market and business conditions, applicable legal requirements and other factors.  The plan also requires the repurchased shares to be retired as soon as practicable following the repurchase.  The plan does not obligate INX to purchase any particular number of shares, and may be suspended at any time at the discretion of INX in accordance with Rule 10b-18.

INX issued a related press release announcing the new share repurchase program on December 5, 2007.  The full text of the press release is attached as Exhibit 99.1 to this report and is hereby incorporated by reference herein.

Item 9.01
Financial Statements and Exhibits

 
(c)
Exhibits

 
Exhibit Number
Description

 
99.1
Press Release, dated December 5, 2007.

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:  December 5, 2007
INX Inc.  
     
     
 
By:
/s/ Brian Fontana
  
   
Brian Fontana 
   
Chief Financial Officer 


EXHIBIT INDEX


 
Exhibit Number
Description

 
Press Release, dated December 5, 2007.