-----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, W1yWJSDY4Lt4nNY0KW54Nd/aBNFMlkARJIAUOUmthbV3Q684nTEUDlf9Io9IBaao TVf+jPp6Uk/5GWtd/sT8PQ== 0001068800-05-000420.txt : 20050620 0001068800-05-000420.hdr.sgml : 20050617 20050620114334 ACCESSION NUMBER: 0001068800-05-000420 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050617 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050620 DATE AS OF CHANGE: 20050620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXX INC/NV/ CENTRAL INDEX KEY: 0000089261 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 880325271 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05654 FILM NUMBER: 05905061 BUSINESS ADDRESS: STREET 1: 1350 EAST FLAMINGO SUITE 689 CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7025983223 MAIL ADDRESS: STREET 1: 1350 EAST FLAMINGO SUITE 689 CITY: LAS VEGAS STATE: NV ZIP: 89119 FORMER COMPANY: FORMER CONFORMED NAME: SFM CORP DATE OF NAME CHANGE: 19920703 8-K 1 exx8k.txt ================================================================================ 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 (DATE OF EARLIEST EVENT REPORTED): JUNE 17, 2005 ---------- EXX INC (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ---------- NEVADA 1-5654 88-0325271 (STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER OF ORGANIZATION) IDENTIFICATION NUMBER) 1350 EAST FLAMINGO ROAD, SUITE 300 LAS VEGAS, NEVADA 89119-5263 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (702) 598-3223 ---------- 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 (see General Instruction A.2. below): / / 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)) Item 8.01 Other Events (c) Exhibits 99.1 Press Release, dated June 17, 2005 Item 9.01 Financial Statements and Exhibits On June 17, 2005, EXX INC (the "Registrant") issued a press release announcing that DaimlerChrysler awards a third machining program to a Newcor subsidiary. A copy of the press release is attached hereto and incorporated herein as Exhibit 99.1. 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. EXX INC Date: June 17, 2005 By: /s/ David A. Segal ----------------------------- Chairman of the Board Chief Executive Officer Chief Financial Officer EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 Press Release, dated June 17, 2005 EX-99.1 2 ex99p1.txt EXHIBIT 99.1 EXX INC SUITE 689 1350 EAST FLAMINGO ROAD Las Vegas, NV 89119 DAIMLERCHRYSLER AWARDS A THIRD MACHINING PROGRAM ------------------------------------------------ TO A NEWCOR SUBSIDIARY ---------------------- LAS VEGAS, NV. JUNE 17, 2005--EXX INC (AMEX: EXX-A AND EXX-B) TODAY ANNOUNCED THAT DAIMLERCHRYSLER CORPORATION ("DCX") HAS AWARDED AN AXLE MACHINING PROGRAM FOR A DCX POWERTRAIN TO A SECOND SUBSIDIARY OF NEWCOR, INC. (A 99% OWNED SUBSIDIARY OF EXX INC). THE ANTICIPATED ANNUAL SALES FROM THIS PROGRAM ARE ESTIMATED AT APPROXIMATELY 10% OF EXX'S 2004 ANNUAL SALES. FULL PRODUCTION UNDER THE PROGRAM IS PLANNED TO BEGIN IN THE THIRD QUARTER OF 2005. THIS NEW PROGRAM, WHICH IS THE THIRD PROGRAM AWARDED BY DCX, IS IN ADDITION TO THE DCX PROGRAMS PREVIOUSLY ANNOUNCED IN MAY 2005. IN 2004, EXX HAD ANNOUNCED THAT NEWCOR HAD BEEN NOTIFIED BY ITS MAJOR CUSTOMER, AMERICAN AXLE & MANUFACTURING ("AXL") THAT NEWCOR WOULD LOSE CERTAIN AXLE MACHINING BUSINESS DUE TO AXL'S STRATEGIC DECISION TO IN-SOURCE AXLE MACHINING. THIS LOST BUSINESS IS STILL ANTICIPATED BY NEWCOR COMMENCING WITH THE WITHDRAWAL OF TWO PARTS IN THE THIRD QUARTER OF 2005 WITH INCREASING VOLUMES OF PARTS BEING WITHDRAWN THROUGH 2006. EXX ANTICIPATES THAT WHEN AND AS AXL COMPLETES THE IN-SOURCING PROGRAM, THE LOST REVENUES AND PROFITS FROM THE AXL BUSINESS WILL BE EXCEEDED BY THE TOTAL NEW REVENUES AND PROFITS FROM THE THREE NEW PROGRAMS AWARDED BY DCX, WHICH WILL BECOME NEWCOR'S LARGEST CUSTOMER. THE ABOVE RESULTS OF OPERATIONS CONTAIN CERTAIN FORWARD-LOOKING STATEMENTS WHICH ARE COVERED UNDER THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LEGISLATION REFORM ACT OF 1995 WITH RESPECT TO THE COMPANY'S FUTURE FINANCIAL PERFORMANCE. ALTHOUGH EXX INC BELIEVES THE EXPECTATIONS REFLECTED IN SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON REASONABLE ASSUMPTIONS, IT CAN GIVE NO ASSURANCE THAT ITS EXPECTATIONS WILL BE REALIZED. FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS WHICH MAY CAUSE EXX INC'S ACTUAL RESULTS AND CORPORATE DEVELOPMENTS TO DIFFER MATERIALLY FROM THOSE EXPECTED. FACTORS THAT COULD CAUSE RESULTS AND DEVELOPMENTS TO DIFFER MATERIALLY FROM EXX INC'S EXPECTATIONS INCLUDE, WITHOUT LIMITATION, CHANGES IN MANUFACTURING AND SHIPMENT SCHEDULES, NEW PRODUCT AND TECHNOLOGY DEVELOPMENTS, COMPETITION WITHIN EACH BUSINESS SEGMENT, CYCLICALITY OF THE MARKETS FOR THE PRODUCTS OF A MAJOR SEGMENT, LITIGATION, SIGNIFICANT COST VARIANCES, THE EFFECTS OF ACQUISITIONS AND DIVESTITURES, AND OTHER RISKS -----END PRIVACY-ENHANCED MESSAGE-----