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) September 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
Forbearance Agreement with the Internal Revenue Service ("IRS")
On September 30, 1997, the Company executed a Forbearance Agreement with the
IRS related to NBI, Inc's IRS debt of $5,278,000 that was due in full on
October 1, 1997.
The 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 Forbearance Agreement, ii) a bankruptcy or
insolvency proceeding has been initiated by or against NBI, Inc. or iii)
December 31, 1997.
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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: October 7, 1997 By: /s/ Marjorie A. Cogan
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Marjorie A. Cogan
As a duly authorized officer
Corporate Controller, Secretary
(Principal Financial and
Accounting Officer)
