8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.

Date of Report: December 06, 2006 (Date of earliest event reported)
Financial Industries Corporation (Exact name of registrant as specified in its charter)
TX (State or other jurisdiction of incorporation)	0-4690 (Commission File Number)	74-2126975 (IRS Employer Identification Number)
6500 River Place Boulevard, Building I (Address of principal executive offices)		78730 (Zip Code)
512-404-5000 (Registrant's telephone number, including area code)
Not Applicable (Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

Our news release dated December 06, 2006, filed as Exhibit 99.1 to this report, is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:
            None
(b) Pro forma financial information:
            None
(c) Shell company transactions:
            None
(d) Exhibits
            99.1       Press Release of Financial Industries Corporation dated December 06, 2006

SIGNATURE

      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.

Dated: December 06, 2006
FINANCIAL INDUSTRIES CORPORATION By:  /s/ Michael P. Hydanus                    
     Michael P. Hydanus
     Interim President and Chief Executive Officer

Exhibit Index
Exhibit No.	Description
99.1	Press Release of Financial Industries Corporation dated December 06, 2006

EX-99 2 financialindustries.htm FINANCIAL INDUSTRIES PRESS RELEASE Quorum Lacking for FIC Annual Shareholders Meeting

AUSTIN, TX -- 12/06/2006 -- Financial Industries Corporation ("FIC") (PINKSHEETS: FNIN) announced today that it could not conduct its annual meeting of shareholders for the election of directors that was scheduled for today because less than one-half of the majority of outstanding shares required to conduct the meeting were present in person or by proxy.

The company believes that the low turnout was due in large part to the fact that FIC cannot solicit proxies for an annual shareholders meeting until its Securities Exchange Act of 1934 filings are current.

FIC had made arrangements for, and was prepared to hold, the annual shareholders meeting in compliance with an agreed order issued by the District Court of Travis County. The company now intends to seek guidance from the district court as to the required course of action under the agreed order and will announce the time and place of its next annual shareholders meeting as soon as the court has reached a decision.

"We hope to get a ruling from the court that will permit the meeting to take place when shareholders can receive information from both the company and the dissident group," said Michael P. Hydanus, interim president and chief executive officer.

FIC, through its various subsidiaries, markets and underwrites individual life insurance products. For more information on FIC, go to http://www.ficgroup.com on the Internet.

As provided by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, FIC cautions that the statements in this press release relating to the company's annual shareholder meeting and other matters that are not historical factual information are forward-looking statements that represent management's belief and assumptions based on currently available information. The information contained in this press release relating to trends in the company's operations and the contingencies and uncertainties to which the company may be subject, as well as other statements including words such as "anticipate," "cautions," "believe," "plan," "estimate," "expect," "intend," and other similar expressions constitute forward-looking statements. Such statements are made based upon management's current expectations and beliefs concerning the financial results, and economic conditions and are subject to known and unknown risks, uncertainties and other factors contemplated by the forward-looking statements, including timing and results of audits and reviews, general economic conditions, customer response, performance of management team and other factors described in the company's Form 10-K for the year ended Dec. 31, 2004. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Investors should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and the company undertakes no obligation to publicly update or revise any forward-looking statements.

Contact Information:
Financial Industries Corporation
Shannon Coffin
Phone: 512-404-5128
E-mail: ir@ficgroup.com

-----END PRIVACY-ENHANCED MESSAGE-----

EX-99

Quorum Lacking for FIC Annual Shareholders Meeting

AUSTIN, TX -- 12/06/2006 -- Financial Industries Corporation ("FIC") (PINKSHEETS: FNIN) announced today that it could not conduct its annual meeting of shareholders for the election of directors that was scheduled for today because less than one-half of the majority of outstanding shares required to conduct the meeting were present in person or by proxy.

The company believes that the low turnout was due in large part to the fact that FIC cannot solicit proxies for an annual shareholders meeting until its Securities Exchange Act of 1934 filings are current.

FIC had made arrangements for, and was prepared to hold, the annual shareholders meeting in compliance with an agreed order issued by the District Court of Travis County. The company now intends to seek guidance from the district court as to the required course of action under the agreed order and will announce the time and place of its next annual shareholders meeting as soon as the court has reached a decision.

"We hope to get a ruling from the court that will permit the meeting to take place when shareholders can receive information from both the company and the dissident group," said Michael P. Hydanus, interim president and chief executive officer.

FIC, through its various subsidiaries, markets and underwrites individual life insurance products. For more information on FIC, go to http://www.ficgroup.com on the Internet.

As provided by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, FIC cautions that the statements in this press release relating to the company's annual shareholder meeting and other matters that are not historical factual information are forward-looking statements that represent management's belief and assumptions based on currently available information. The information contained in this press release relating to trends in the company's operations and the contingencies and uncertainties to which the company may be subject, as well as other statements including words such as "anticipate," "cautions," "believe," "plan," "estimate," "expect," "intend," and other similar expressions constitute forward-looking statements. Such statements are made based upon management's current expectations and beliefs concerning the financial results, and economic conditions and are subject to known and unknown risks, uncertainties and other factors contemplated by the forward-looking statements, including timing and results of audits and reviews, general economic conditions, customer response, performance of management team and other factors described in the company's Form 10-K for the year ended Dec. 31, 2004. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Investors should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and the company undertakes no obligation to publicly update or revise any forward-looking statements.

Contact Information:
Financial Industries Corporation
Shannon Coffin
Phone: 512-404-5128
E-mail: ir@ficgroup.com