-----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, QkRyW0ceO4/5QB0zfOcO5Dr9PSAFyxUAbU4nOHQI7EOH4VoTSuOFfGEtRMsucfpu bQkPr7hiW6osu7MtZ/ZVHg== 0001068800-07-001451.txt : 20070928 0001068800-07-001451.hdr.sgml : 20070928 20070928152307 ACCESSION NUMBER: 0001068800-07-001451 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070927 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070928 DATE AS OF CHANGE: 20070928 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: 071142241 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.htm EXX INC FORM 8-K exx8k.htm



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): September 27, 2007
 

 
EXX INC
(Exact name of registrant as specified in its charter)
 


 
         
Nevada
 
1-5654
 
88-0325271
(State or other jurisdiction
of organization)
 
(Commission File Number)
 
(I.R.S. Employer
Identification Number)
 
     
1350 East Flamingo Road, Suite 689
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:
 
¨
Written communications pursuant to Rule 425 under the Securities Act.
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act.
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.




Item 8.01             Other Events


On September 27, 2007, EXX INC (the “Registrant”) issued a press release announcing a National Labor Relations Board decision against EXX’s Newcor subsidiary.  A copy of the press release is attached hereto and incorporated herein as Exhibit 99.1.





Item 9.01             Financial Statements and Exhibits



(d)         Exhibits

99.1 Press Release, dated September 27, 2007






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:  September 28, 2007                                                                        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 September 27, 2007


EX-99.1 2 ex99p1.htm EXHIBIT 99.1 ex99p1.htm


Exhibit 99.1


EXX INC
Suite 689
1350 East Flamingo Road
Las Vegas, NV   89119

EXX INC ANNOUNCES NLRB DECISION AGAINST ITS NEWCOR SUBSIDIARY

Las Vegas, NV  September 27, 2007-EXX INC (Amex EXX-A and EXX-B) today announced that the Detroit, Michigan Regional Office of the National Labor Relations Board (“NLRB”) issued a recommended notice of compliance determination on September 25, 2007 with respect to the Newcor Bay City Division of EXX’s Newcor subsidiary in favor of approximately 32 UAW members, recommending a total of approximately $1.9 million in back pay, benefits, and interest to the 32 individuals.  The NLRB’s notice of compliance determination relates to a previously disclosed unfair labor practice charge filed by the UAW following implementation of a final contract offer.

Newcor intends to vigorously contest this recommendation through the administrative procedures of the NLRB and, if necessary, the federal court system.  There will be a hearing before an NLRB administrative Law Judge after the Regional Office issues its final compliance specification.  The Administrative Law Judge will issue a decision on the specification, which can be appealed to the National Labor Relations Board in Washington, D.C.   The NLRB will rule on an appeal from the Administration Law Judge’s decision.  The NLRB’s decision can be appealed to a federal court of appeals.

As a result of the determination and although it continues to deny any and all liability, Newcor will accrue a $2.0 million charge (including anticipated costs of contesting the decision) in the third quarter of 2007.  It is anticipated that this charge will result in EXX incurring a net loss in the third quarter of 2007.



 







The above results of operations may 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: EXX’s ability to continue to access funding for its operations; the cyclical nature of the industries served by EXX, all of which have encountered significant downturns in the past; the level of production by and demand from EXX's principal customers upon which EXX is substantially dependent; whether, when and to what extent expected orders materialize; whether EXX will be able to successfully launch new programs; the impact on EXX of actions by its competitors, some of which are significantly larger and have greater financial and other resources than EXX; and developments with respect to contingencies, including environmental matters, litigation and retained liabilities from businesses previously sold by EXX; changes in manufacturing and shipment schedules; delays in completing plant construction and acquisitions, labor disturbances, new product and technology developments, competition within each business segment, litigation, significant cost variances, the effects of acquisitions and divestitures, and other risks.


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