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) December 30, 1997
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NBI, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8232 84-0645110
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
Incorporation)
1880 Industrial Circle, Suite F, Longmont, Colorado 80501
(Address of principal executive offices)
Registrant's telephone number, including area code: (303) 684-2700
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Not Applicable
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
First Amended Forbearance Agreement with the Internal Revenue Service ("IRS")
On December 30, 1997, the Company executed a First Amended Forbearance
Agreement with the IRS which extends the deadline under the original
Forbearance Agreement related to NBI, Inc's IRS debt of $5,278,000 that was
due in full on October 1, 1997.
The First Amended Forbearance Agreement stipulates that the IRS will forbear
from exercising its rights and remedies related to the Company's debt to the
IRS until the earlier of i) fifteen days after receipt of written notice from
the IRS that they desire to terminate the First Amended Forbearance Agreement,
ii) a bankruptcy or insolvency proceeding has been initiated by or against
NBI, Inc. or iii) March 31, 1998.
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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.
NBI, INC.
Dated: December 31, 1997 By: /s/ Marjorie A. Cogan
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Marjorie A. Cogan
As a duly authorized officer
Chief Financial Officer, Secretary
