8-K

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): January 19, 2016

INTELLIGENT SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)

Georgia	001-09330	58-1964787
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4355 Shackleford Road, Norcross, Georgia	30093
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (770) 381-2900

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))

Item 8.01. Other Events

The Board of Directors of the Registrant has declared a special cash dividend of $0.35 per share of common stock. The record date is January 29, 2016 and the payment date is February 8, 2016. On January 19, 2016, the Registrant issued a press release disclosing the declaration of the dividend, a copy of which is attached hereto as Exhibit 99.1.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

Exhibit 99.1     Press release dated January 19, 2016.

SIGNATURE

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.

Date: January 19, 2016	INTELLIGENT SYSTEMS CORPORATION
	(Registrant)
	/s/ Bonnie L. Herron By:      Bonnie L. Herron Chief Financial Officer

 2

Exhibit Index

99.1 Press release dated January 19, 2016

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EX-99.1

Exhibit 99.1

For further information, call

Bonnie Herron, 770/564-5504

or email bherron@intelsys.com

Intelligent Systems Declares Special Cash Dividend

Norcross, GA – January 19, 2016 – Intelligent Systems Corporation [NYSE MKT: INS; www.intelsys.com] announced today that its board of directors has declared a special cash dividend of $0.35 per share of common stock payable to shareholders of record on January 29, 2016. The cash dividend will be paid on February 8, 2016.

J. Leland Strange, Chief Executive Officer, stated, “In reviewing our current liquidity with almost $20 million in cash, we are comfortable distributing a small portion of our cash at this time in a special dividend. Our 2016 operational and strategic plans look solid and we see no need to hold substantial cash reserves.

“Following the sale of our ChemFree subsidiary in 2015, we planned to use up to $5 million of the sale proceeds in a tender offer completed in May 2015; however, shareholders only tendered shares requiring approximately $700,000 cash at the tendered price of $3.00 per share. Also, in early 2016, we received $2.25 million cash from the sale of Lancope Inc., a company in which we owned shares, to Cisco Systems. As we move through the year, we will continue to evaluate our needs and use of cash in order to maximize the benefit for shareholders.”

About Intelligent Systems Corporation

For over thirty-five years, Intelligent Systems Corporation [NYSE MKT: INS] has identified, created, operated and grown technology companies. The company’s principal continuing operations include CoreCard Software, Inc. (www.corecard.com) and its affiliate companies. CoreCard designs, develops, and markets a comprehensive suite of software solutions to corporations, financial institutions, retailers and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, loyalty programs, and accounts receivable and small loan transactions. CoreCard also offers prepaid and credit card processing services using its proprietary software solutions.   Further information is available on the company’s website at http://www.intelsys.com or by calling the company at 770/381-2900.

In addition to historical information, this news release may contain forward-looking statements relating to Intelligent Systems Corporation and its subsidiary and affiliated companies. These statements include all statements that are not statements of historical fact regarding the intent, belief or expectations of Intelligent Systems Corporation and its management with respect to, among other things, results of operations, product plans, and financial condition. The words "may," "will," "anticipate," "believe," "intend," "expect," "estimate," "plan," "strategy" and similar expressions are intended to identify forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. The company does not undertake to update or revise any forward-looking statements whether as a result of new developments or otherwise, except as required by law. Among the factors that could cause actual results to differ materially from those indicated by such forward-looking statements are instability in the financial markets, delays in product development, undetected software errors, competitive pressures, changes in customers’ requirements or financial condition, market acceptance of products and services, and declines in general economic and financial market conditions, particularly those that cause businesses to delay or cancel purchase decisions.