secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2021-07-23T23:59:59+00:00
Accession:  0001683168-21-003081
Event type: leadership
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316821003081/0001683168-21-003081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316821003081/intrusion_i8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-003081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer