secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001683168-23-006874
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 8.01, 5.03, 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion settles SEC charges without penalty; Nasdaq warns of bid price deficiency
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- Settled SEC investigation with no monetary penalty; permanent injunction against securities law violations.
- Received Nasdaq deficiency notice: bid price below $1.00 for 30 days; must regain compliance by March 25, 2024.
- Shareholder derivative lawsuit settled for $250K in fees (covered by insurance) plus governance changes.
- Amended bylaws: lead independent director required if CEO also holds Chairman role.
- Still facing a separate Nasdaq market value of listed securities deficiency with Oct 25, 2023 deadline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316823006874/0001683168-23-006874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316823006874/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-006874

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