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) March 15, 2000
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NBI, INC.
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(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
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(Address of principal executive offices)
Registrant's telephone number, including area code: (303) 684-2700
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
Notice of Default from the Internal Revenue Service ("IRS")
On March 15, 2000, the Company received a notice of default dated March
13, 2000 from the IRS regarding NBI's failure to cure the default of its
Amended Payment Agreement with the IRS dated April 9, 1998. The IRS declared
the remaining principal amount of $878,000 due and payable with interest
thereon at the statutory rate provided under the Internal Revenue Code since
the last interest payment made by NBI on July 9, 1997 under the Original
Agreement. Accrued interest through March 31, 2000 totals $219,360. In
addition, the IRS notified the Company that it intends to pursue its remedies.
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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 under-
signed hereunto duly authorized.
NBI, INC.
Dated: April 5, 2000 By: /s/ Marjorie A. Cogan
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Marjorie A. Cogan
As a duly authorized officer
Chief Financial Officer, Secretary
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