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): April 30, 1997
NATIONAL COMPUTER SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
Minnesota 0-3713 41-0850527
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
11000 Prairie Lakes Drive, Minneapolis, Minnesota 55344
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (612) 829-3000
Not Applicable
(Former name or former address, if changed since last rport.)
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Item 5. Other Events.
Certain claims asserted against National Computer Systems, Inc. (the
"Company") by University Support Services, Inc. ("USS") in letters received by
the Company in December 1994 and January 1995 were disclosed in the footnotes to
financial statements contained in the Company's Annual Report on Form 10-K for
the year ended January 31, 1997 and in previous reports filed with the
Securities and Exchange Commission. On April 30, 1997, the Company was served
with a summons and complaint in a lawsuit alleging substantially similar claims
filed against the Company by USS in the United States District Court, District
of Minnesota, Fourth Division. USS alleges certain claims against the Company in
connection with three student loan processing and servicing agreements between
the Company and USS. In the complaint, USS seeks compensatory damages and has
asked the court to order specific performance of the Company's alleged agreement
to assume the obligations of USS with respect to certain student loans. Until
the filing of the lawsuit, USS had taken no action to pursue its claims since
January 1995. The Company tendered the defense of the claims to its insurer, and
the insurer accepted the defense subject to a reservation of rights. The
Company's position with respect to the lawsuit is the same as its position with
respect to the original claims. The Company has carefully reviewed the claims
set forth in USS's complaint, denies such claims and will vigorously defend
against the lawsuit. In addition, the Company intends to file all appropriate
counterclaims against USS. The Company does not believe that any adverse outcome
in the lawsuit would result in a material adverse effect on the Company's
financial position.
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Signature
Pursuant to the requirements of Section 12 of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
Dated: May 6, 1997
NATIONAL COMPUTER SYSTEMS, INC.
By: /s/ J. W. FENTON, JR.
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J.W. Fenton, Jr.
Secretary/Treasurer
