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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) September 17, 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 voluntarily suspended production at its Long Island facility
as a result of a preliminary inspection which indicated an immediate need to
correct certain safety violations. The Company has also conducted a review
to determine the remedial actions required to reopen the facility and the
costs to complete the repairs. However, because no revenues were being
generated during the suspension and the Company's working capital had
decreased, the Company is seeking additional equity financing to meet this
and other requirements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange 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 September 25, 1997 /s/ Phil Kart
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(Signature)
Phil B. Kart, Chief Financial Officer
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(Name/Title)
