TX HOLDINGS REPORTS RESULTS FOR 2021 FISCAL YEAR
TX Holdings Responds to Enquiries Regarding Investors Stocks Trading
TX Holdings Reports Compliance with OTC’s Trading Requirements
TX Holdings Reports First Quarter Results for 2021 Fiscal Year
TX Holdings Reports Results for Fiscal Year Ended September 30, 2020
TX Holdings Reports Results for Fiscal Year Ended September 30, 2017
JUL 28 2017 TX Holdings Reports Third Quarter Results 2017
APR 28 2017 TX Holdings Reports Second Quarter Results 2017
Jan 20 2017 TX Holdings Reports First Quarter Results 2017
Dec 16 2016 TX HOLDINGS INC. Reports Results for Fiscal Year Ended September 30, 2016
Jan 25 2016 TX Holdings Reposts Results For First Quarter Of Fiscal 2016
Dec 29 2015 TX Holdings Full Year Results For 2015
Aug 3 2015 Aug 3, 2015 TX Holdings Reports Third Quarter 2015 Results
March 9, 2015 TX Holdings Secures Customer Supply Arrangements
Dec 01, 2014 TX Holdings Closes on Acquisitoin of "The Bag Rack", LLC
Nov 18, 2014 TX Holdings Reports 2014 Results
Sept 16, 2014 TX Holdings to Attend International Mining Conference & Expo (IMEX)
July 30, 2014 TX Holdings to Host Teleconference In Conjunction with Third Quarter Financial Results
June 18, 2014 TX Holdings Issues Letter to Shareholders
May 27, 2014 TX Holdings awarded $374,024 in settlement agreement
July 22, 2013 TX HOLDINGS REPORTS 2013 THIRD QUARTER RESULTS THIRD QUARTER REVENUE INCREASED SECOND BACK-TO-BACK QUARTER REPORTING NET INCOME
January 15, 2013 TX Holdings Announces Delay in Filing Its 2012 Form 10-K
May 21, 2012 TX Holdings Inc.Announces Settlement Agreement with former CEO Mark Neuhaus
December 12, 2011 TX Holdings Inc. will expand its operations to supply rail and steel drill products to the mining industry
May 27 2014 | 8K
Section 1 – Registrant’s Business and Operations
Item 1.01 | Entry into a Material Definitive Agreement |
As previously reported, TX Holdings, Inc., a Georgia corporation (the “Company”), has been a party to litigation with Dexter & Dexter Attorneys at Law, P.C. (“Dexter & Dexter”), and Michael Cederstrom in the United States District Court for the District of Utah. On May 22, 2014, the Company entered into a settlement agreement and release, dated effective May 20, 2014, with Dexter & Dexter and Mr. Cederstrom that settles all claims among the parties arising from the litigation. Pursuant to the terms of the settlement agreement, Dexter & Dexter’s insurer paid the Company $374,024 in settlement of all claims among the parties. Also, effective upon receipt by the Company of the settlement payment, each party agreed to release each other party and its affiliates from all claims arising out of the litigation or otherwise. None of the parties made any admission of liability in entering into the settlement agreement. The parties agreed to seek a stipulated motion to dismiss the litigation with prejudice. The agreement contained customary confidentiality provisions, and representations and covenants of the parties.
Mr. Shrewsbury, the Company’s Chairman and CEO, stated “We are very pleased to be able to finally reach a settlement of this matter which has been ongoing for several years. By eliminating burdensome legal expenses associated with the litigation, we expect a decrease in our on-going expenses and an improvement in our financial results.”
Forward-Looking and Cautionary Statements
Except for historical information and discussions contained herein, statements contained in this Current Report on Form 8-K may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other applicable law. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including those risks, uncertainties and factors discussed in our Quarterly Reports on Form10-Q, our Annual Reports on Form 10-K, and in our other filings with the SEC or in materials incorporated therein by reference. Any forward-looking statement in this report speaks only as of the date on which it is made. We assume no obligation to update or revise any forward-looking statement. Notwithstanding the above, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, expressly state that the safe harbor for forward looking statements does not apply to companies that issue penny stocks. Because we may from time to time be considered to be an issuer of penny stock, the safe harbor for forward looking statements under the PSLRA may not be apply to us at certain times.
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.
TX HOLDINGS, INC. | ||
Date: May 27, 2014 | By: | /s/ William Shrewsbury |
Chief Executive Officer and Chairman |
Contact:
William "Buck" Shrewsbury
Chairman and CEO
TX Holdings, Inc.
(606) 928-1131
SOURCE: TX Holdings, Inc.