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): November 17, 2008
INTEGRATED DATA CORP.
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(Exact name of Registrant as specified in charter)
Delaware 0-31729 23-2498715
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1000 N. West Street, Suite 1200, Wilmington, DE 19801
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(Address of principal executive offices) (Zip Code)
302-295-5057
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(Registrant's telephone number, including area code)
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(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 (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 CRF 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 OTHER EVENTS.
Integrated Data Corp. (the "Company") has announced to its Series A Preferred
Stock ("Pref A Stock") shareholders a payment distribution against the
associated and inseparable corporate notes ("Pref A Notes") they are holding.
Pref A Stock was authorized by the Company as a means of funding its oil & gas
venture being operated through its subsidiary, IDC Palm Energy, LLC, and was
issued through a private placement offering by the Company. For each share of
Pref A Stock issued, the shareholder has invested US$1,000 in the form of a
loan to the Company to be used by the Company as working capital for IDC Palm
Energy. The Company has issued Pref A Notes to its Pref A Stock shareholders
as its pledge to pay back these loans.
The Pref A Note principal payment distribution for the third calendar quarter
of 2008 amounts to 1.5% of the face value of the note, or $15 for every held
share of Pref A Stock. In addition since all Pref A Stock subscriptions were
not received on the same day, the Company has announced a one-time interest
payment against the Pref A Notes calculated from the time of investment
through June 30, 2008 at an annualized interest rate of 6.0%.
Signatures
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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.
INTEGRATED DATA CORP.
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(Registrant)
Date: November 17, 2008 By: /s/Abe Carmel
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Abe Carmel
Chief Executive Officer
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