ESPN.com's Joe Schad reports via twitter that the SEC did in fact meet on Sunday and have decided to take no action in regards to Texas A&M at this time.
BREAKING: UF's Bernie Machen statement says no action on A&M; satisfied with present alignment; for now
It was expected that a formal invitation to join the league for Texas A&M would have came from this meeting just in time for the Aggies' Board of Regents meeting on Monday. At the very least, the entire process which may not be dead just yet is going to slow down. Here is the statement by the SEC.
"The SEC Presidents and Chancellors met today and reaffirmed our satisfaction with the present 12 institutional alignment. We recognize, however, that future conditions may make it advantageous to expand the number of institutions in the league. We discussed criteria and process associated with expansion. No action was taken with respect to any institution including Texas A&M."
So an invitation hasn't been made to Texas A&M or any other school as of yet but the SEC is reserving the right to do so at a later date.