-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K4D5bOjoHCd7gihgIjlacUFm4eMRFgYeZgmDVKR8JLmLsQ3GQQa+vrOkGC7jmFqP VUMzE+VZYw+CwKkcZ6o4cw== 0001102624-07-000284.txt : 20071026 0001102624-07-000284.hdr.sgml : 20071026 20071026134020 ACCESSION NUMBER: 0001102624-07-000284 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071025 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071026 DATE AS OF CHANGE: 20071026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FINANCIAL INDUSTRIES CORP CENTRAL INDEX KEY: 0000035733 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 742126975 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04690 FILM NUMBER: 071192935 BUSINESS ADDRESS: STREET 1: LEGAL DEPARTMENT STREET 2: 6500 RIVER PLACE BLVD., BUILDING ONE CITY: AUSTIN STATE: TX ZIP: 78730 BUSINESS PHONE: 512 404-5000 MAIL ADDRESS: STREET 1: 6500 RIVER PLACE BLVD., BUILDING ONE STREET 2: LEGAL DEPARTMENT CITY: AUSTIN STATE: TX ZIP: 78730 FORMER COMPANY: FORMER CONFORMED NAME: GOLDEN UNITED INVESTMENT CO STOCK PLAN DATE OF NAME CHANGE: 19731128 FORMER COMPANY: FORMER CONFORMED NAME: ILEX CORP DATE OF NAME CHANGE: 19730801 FORMER COMPANY: FORMER CONFORMED NAME: GOLDEN UNITED INVESTMENT CO DATE OF NAME CHANGE: 19730801 8-K 1 financialindustries8k.htm FINANCIAL INDUSTRIES 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: October 25, 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

Press release announcing new share repurchase program.

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 October 25, 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: October 25, 2007
 FINANCIAL INDUSTRIES CORPORATION

By:  /s/ William B. Prouty                    
     William B. Prouty
     Chief Executive Officer

Exhibit Index
Exhibit No. Description
99.1 Press Release of Financial Industries Corporation dated October 25, 2007
EX-99 2 financialindustries.htm FINANCIAL INDUSTRIES PRESS RELEASE

Financial Industries Corporation Announces Share Repurchase Program

AUSTIN, TX -- 10/25/2007 -- Financial Industries Corporation (PINKSHEETS: FNIN) today announced that its board of directors has authorized a new share repurchase program to acquire up to 500,000 of the company's common shares.

Repurchases will be made from time-to-time in the open market or in privately negotiated transactions based on prevailing market conditions and other factors. At Sept. 30, 2007, there were 10,299,207 common shares outstanding.

As first announced on June 9, 2006, the company is continuing to explore strategic alternatives to enhance shareholder value, including, but not limited to, the potential sale of the company or its insurance subsidiary. While no final determination has been made with respect to any strategic alternatives, this process could result in the approval and adoption of a strategic alternative that provides greater value to the company's shareholders than the price at which any repurchases may be made.

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

Statements in this document relating to future developments, disclosures and other statements that are not historical facts are forward-looking statements. Actual results may differ materially from these forward-looking statements as a result of market conditions, the timing and results of FIC's audits, reviews and filings with regulatory bodies, the interest of and actions by third parties engaging in transactions with FIC and other factors contained in FIC's Form 10-K for the year ended Dec. 31, 2006, and other filings with the SEC. 

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