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| INXI > SEC Filings for INXI > Form 8-K on 9-Dec-2008 | All Recent SEC Filings |
9-Dec-2008
Other Events, Financial Statements and Exhibits
On December 4, 2008, the Board of Directors of INX Inc. ("INX") approved modification of the current share repurchase plan approved September 9, 2008, to increase the aggregate dollar amount of shares of INX Common Stock that may be repurchased from $2 million to $4 million, and extending the period through which repurchases may be made to March 31, 2009. 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 9, 2008. The full text of the press release is attached as Exhibit 99.1 to this report and is hereby incorporated by reference herein.
(c) Exhibits
99.1 Press Release, dated December 9, 2008.
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 9, 2008 INX Inc.
By: /s/ Brian Fontana Brian Fontana Chief Financial Officer
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