8-K

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 (Date of earliest event reported): May 22, 2020

INTRUSION INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	000-20191	75-1911917
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1101 East Arapaho Road, Suite 200, Richardson, Texas	75081
(Address of Principal Executive Offices)	(Zip Code)

(972) 234-6400

(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:

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

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

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

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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value per share	INTZ	OTCQB Venture Market

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Intrusion Inc. announced today that on May 22, 2020 its Board of Directors appointed Jack B. Blount to the position of President, Chief Executive Officer and Director.

A copy of the press release announcing Mr. Blount’s appointment is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements And Exhibits

(d) Exhibits

  99.1 — Press release issued by Intrusion Inc. on May 27, 2020.

SIGNATURES

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.

	INTRUSION INC.
Dated: May 27, 2020	By:	/s/ MICHAEL L. PAXTON
		Michael L. Paxton
		Chief Financial Officer

EX-99.1

Exhibit 99.1

NEWS RELEASE 1101 E. Arapaho Road, Suite 200 Richardson, TX 75081 (972) 234-6400

Contact

Michael L. Paxton
972.301.3658, mpaxton@intrusion.com

Intrusion Inc. Appoints Jack Blount as President and Chief Executive Officer

Richardson, Texas – May 27, 2020 – Intrusion Inc. (OTCQB: INTZ), (“Intrusion”) announced today that its Board of Directors has named Jack B. Blount to the position of President and Chief Executive Officer. Mr. Blount was also appointed as a director of the company. Michael L. Paxton, former Interim President and Chief Executive Officer retains the positions of Chairman, Chief Financial Officer, Secretary and Treasurer.

“We are excited to have Jack join Intrusion. He is an experienced executive with a tremendous amount of experience,” stated Michael L. Paxton, Vice President and CFO of Intrusion.

“I have never been more energized and excited about joining a company than I am now about Intrusion,” stated Jack B. Blount, President and CEO of Intrusion. “The world has suffered $3 trillion in cybercrime losses in 2019, with that loss predicted to reach $6 trillion in 2021. Intrusion has been fighting cybercrime for more than 20 years and as a result has the largest database of historical internet data. By combining that data and expertise with machine learning, we are creating an affordable cybercrime prevention tool that I fully expect will change the landscape of cybersecurity,” concluded Blount.

As recently pointed out in the government’s report, Cyberspace Solarium Commission ‘Our country is at risk, not only from a catastrophic cyberattack but from millions of daily intrusions disrupting everything from financial transactions to the inner workings of our electoral system. China, Russia, Iran, and North Korea all probe U.S. critical infrastructure with impunity. Criminals leverage globally connected networks to steal assets from individuals, companies, and governments.’

Blount had an extensive career in technology as a visionary in the personal computer, local area networking, ERP, mobile computing, big data, cybersecurity, and AI. Most recently, Blount founded a strategic consultancy for enterprise, startup and federal government organizations. Prior to that, he served as CIO of the United States Department of Agriculture where he was responsible for designing a new, 10-layer cyber security architecture that protected more than 100,000 employees and billions of dollars.

Blount began his career as an engineer at IBM and was then recruited from IBM for the role of SVP of Business Development at Novell in the 1980’s where he helped expand its business from $50M to $2B in just six years. He has served as the CTO, COO, and CEO of eight technology, turnaround companies and has served on twelve technology company Board of Directors, five of which were public companies, and he held the role of Chairman of five of those companies. Blount has conducted business in more than 40 countries and has been a speaker at many public conferences in China, France, Germany, Norway, Russia, and the United States. He graduated from Southern Methodist University with a degree in Mathematics and did his graduate MBA studies while working at IBM.

Interested investors can access a call later today to discuss Mr. Blount’s appointment at 10:00 A.M., CDT by calling 1-833-360-0880. At the replay prompt, enter conference identification number 4547798. For those unable to participate in the live conference call, a replay will be accessible beginning May 27, 2020 at approximately 3:00 P.M., CDT until June 3, 2020 by calling 1-855-859-2056. In addition, a live and archived audio webcast of the conference call will be available at www.intrusion.com.

About Intrusion Inc.

Intrusion Inc. is a global provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products. Intrusion’s product families include TraceCop™ for identity discovery and disclosure, and Savant™ for network data mining and advanced persistent threat detection. Intrusion’s products help protect critical information assets by quickly detecting, protecting, analyzing and reporting attacks or misuse of classified, private and regulated information for government and enterprise networks. For more information, please visit www.intrusion.com.