secwatch.observer — SEC 8-K summary
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Issuer:     INTRUSION INC (INTZ)
CIK:        0000736012
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001683168-24-000148
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intrusion settles shareholder derivative suit; adopts governance reforms, $250K fee paid by insurance
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- Settlement of derivative action filed June 2022; court approval hearing set for April 3, 2024.
- Company to adopt governance reforms including audit committee enhancements, insider trading controls, and lead independent director.
- $250,000 attorneys' fees paid by insurance; no direct cash cost to Intrusion.
- Reforms remain in effect at least 3 years; independent consultant to review internal controls annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/736012/000168316824000148/0001683168-24-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/736012/000168316824000148/intrusion_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000148

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