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UNITED STATES
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) October 8, 1997
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ONGARD SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE -- 84-1149380
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
40 COMMERCE DRIVE, HAUPPAUGE, NY 11788
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(Address of principal executive offices)
Registrant's telephone number including area code (516) 231-8989
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(Former name or former address, if changed since last report).
ITEM 5.
The registrant announced that it had taken remedial actions related to safety
concerns, which had previously resulted in a voluntary suspension of its
production operation at its Long Island facility, and had reopened most
production departments during October, 1997. The registrant also has
commenced discussions with two companies to divest selected assets of its
equipment business; such action is necessary to support its working capital
demands and current trade obligations of this business.
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.
ONGARD SYSTEMS, INC.
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(Registrant)
Date November 5, 1997 Phil Kart
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(Signature)
Phil B. Kart, Chief Financial Officer
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(Name/Title)
