Wed, Apr 30, 9:14 PM (22 days ago)
**Intrusion Inc. (INTZ) Form 10-K/A Summary** **Company Overview:** Intrusion Inc. (INTZ) is a cybersecurity company, with its principal executive offices in Plano, Texas. The company filed this Form 10-K/A to amend its annual report for the fiscal year ended December 31, 2024, focusing on corporate governance, executive compensation, and related information. **Financial Performance:** The document does not provide detailed financial performance metrics such as revenue, net income, or earnings per share. However, it mentions that the company did not achieve its targeted sales and/or earnings goals for fiscal years 2024 and 2023, resulting in no bonuses being awarded to executive officers. **Executive Compensation:** - **Anthony Scott (President, CEO, Director):** Received a salary of $425,000 in 2024 and $457,907 in 2023. - **Kimberly Pinson (CFO):** Received a salary of $270,000 in 2024 and $306,865 in 2023. - **T. Joe Head (CTO):** Received a salary of $270,000 in 2024 and $298,175 in 2023. **Board of Directors and Corporate Governance:** The Board consists of five directors, with four independent members. Key committees include the Audit Committee, Compensation Committee, and Nominating and Governance Committee. The Board meets regularly to review significant developments and act on matters requiring approval. **Risk Factors and Financial Condition:** The Board plays an active role in risk oversight and management, with the Audit Committee overseeing the identification, assessment, and monitoring of risks. The company has adopted a Code of Business Conduct and Ethics to ensure legal and ethical business practices. **Market Position and Future Outlook:** The document does not provide specific details on market position changes or future outlook. However, it highlights the company's strategic focus on cybersecurity and IT governance. **Risk Factors:** The company has not explicitly listed risk factors in this amendment, but the focus on risk management and corporate governance suggests a proactive approach to identifying and mitigating risks. **Changes Made in This Amendment:** The amendment includes information required by Items 10, 11, 12, 13, and 14 of Part III of Form 10-K, which were not included in the original filing. It also corrects the hyperlink to Exhibit 3.3 and includes new certifications from the principal executive and financial officers. **Conclusion:** Intrusion Inc. is focused on strengthening its corporate governance and executive compensation structures while managing risks and ensuring ethical business practices. The company aims to align executive interests with shareholder value through its compensation and equity incentive programs.