Intrusion pre-announces Q2 rev $1.9-2.0M, CEO Jack Blount leaves; CFO & CTO assume operations

INTRUSION INC

Preliminary Q2 2021 revenue expected $1.9M-$2.0M; full results to be released on Aug 12, 2021.
CEO Jack Blount terminated effective July 19, 2021; separation terms not yet finalized.
CFO Franklin Byrd and CTO/Co-founder Joe Head to lead operations until successor CEO named.
Company engaged investment bank to evaluate funding sources and strategic options.
Shield product sales ramp slower than expected due to longer enterprise evaluation cycles.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Joe Head

Other Named Officer

INTZ · INTRUSION INC

Effective: 2021-07-19
Filed: July 23, 2021, 7:59 PM ET

the Board appointed the Company’s Chief Financial Officer, Franklin Byrd, and the Company’s Chief Technology Officer, Joe Head, to assume operating responsibilities together on behalf of the Company until such time as a successor chief executive officer is named.

Departed

Jack B. Blount

President and Chief Executive Officer

INTZ · INTRUSION INC

Effective: 2021-07-19
Filed: July 23, 2021, 7:59 PM ET

On July 19, 2021, the Company’s Board of Directors (the “Board”) terminated the services of Jack B. Blount as the Company’s President and Chief Executive Officer.

Appointed (interim)

Franklin Byrd

Other Named Officer

INTZ · INTRUSION INC

Effective: 2021-07-19
Filed: July 23, 2021, 7:59 PM ET

the Board appointed the Company’s Chief Financial Officer, Franklin Byrd, and the Company’s Chief Technology Officer, Joe Head, to assume operating responsibilities together on behalf of the Company until such time as a successor chief executive officer is named.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joe Head was appointed as other_named_officer at INTRUSION INC.

Action: appointed

Exact text from the filing

the Board appointed the Company’s Chief Financial Officer, Franklin Byrd, and the Company’s Chief Technology Officer, Joe Head, to assume operating responsibilities together on behalf of the Company until such time as a successor chief executive officer is named.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jack B. Blount was terminated as President and Chief Executive Officer at INTRUSION INC.

Action: terminated
Role: President and Chief Executive Officer

Exact text from the filing

On July 19, 2021, the Company’s Board of Directors (the “Board”) terminated the services of Jack B. Blount as the Company’s President and Chief Executive Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Franklin Byrd was appointed as other_named_officer at INTRUSION INC.

Action: appointed

Exact text from the filing

the Board appointed the Company’s Chief Financial Officer, Franklin Byrd, and the Company’s Chief Technology Officer, Joe Head, to assume operating responsibilities together on behalf of the Company until such time as a successor chief executive officer is named.

View on SEC.gov

INTRUSION INC filing history →

Source: SEC EDGAR

accession 0001683168-21-003081

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.