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: January 16, 2007 (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 January 16, 2007, 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 January 16, 2007

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: January 16, 2007
FINANCIAL INDUSTRIES CORPORATION By:  /s/ Michael P. Hydanus                    
     Michael P. Hydanus
     Interim President and CEO

Exhibit Index
Exhibit No.	Description
99.1	Press Release of Financial Industries Corporation dated January 16, 2007

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

AUSTIN, TX -- 01/16/2007 -- Financial Industries Corporation (PINKSHEETS: FNIN) announced today that no voting occurred at its reconvened annual meeting of shareholders held today because a majority of outstanding shares, which is required to conduct business at the meeting, were not present in person or by proxy.

The company believes that the continued 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 will hold its next annual meeting of shareholders when it is current in its public filings.

As previously announced, on Jan. 12, 2007, FIC filed its annual report on Form 10-K and quarterly reports on Forms 10-Q for its year ended Dec. 31, 2005, which brought FIC current in its Form 10-K filings. The company is now working to complete its annual and quarterly reports for its year ended Dec. 31, 2006.

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, 2005. 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 Reconvened FIC Annual Shareholders Meeting

AUSTIN, TX -- 01/16/2007 -- Financial Industries Corporation (PINKSHEETS: FNIN) announced today that no voting occurred at its reconvened annual meeting of shareholders held today because a majority of outstanding shares, which is required to conduct business at the meeting, were not present in person or by proxy.

The company believes that the continued 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 will hold its next annual meeting of shareholders when it is current in its public filings.

As previously announced, on Jan. 12, 2007, FIC filed its annual report on Form 10-K and quarterly reports on Forms 10-Q for its year ended Dec. 31, 2005, which brought FIC current in its Form 10-K filings. The company is now working to complete its annual and quarterly reports for its year ended Dec. 31, 2006.

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, 2005. 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