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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) February 11, 1997
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T-NETIX, INC.
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(Exact name of registrant as specified in charter)
Colorado 0-25016 84-1037352
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation
or Organization)
67 Inverness Drive East, Suite 100 Englewood, CO 80112
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 790-9111
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N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
Effective as of February 11, 1997, T-NETIX, Inc. (the "Company") entered
into a Settlement Agreement with BellSouth Telecommunications, Inc.
("BellSouth") in settlement of the suits pending between the parties in federal
district courts in Colorado and Georgia. Under the terms of the Agreement, the
parties agreed to enter Stipulated Orders of Dismissal in both suits, ending the
litigation between them that was described under Item 3 of the Company's Annual
Report on Form 10-K filed with the Commission on October 29, 1996.
Under the Agreement, the Company has agreed to a limited license of
certain of its technology, including U.S. Patent No. 5,319,702 relating to
three-way call detection technology, to BellSouth in exchange for an up-front
payment of $750,000 and additional payments, based on additional lines which
may be deployed by BellSouth in the future, of up to $350,000. The terms of
the license permit BellSouth to use, or have made for its use, three-way call
detection products utilizing the T-NETIX technology, but not to sublicense or
to manufacture or sell products utilizing such technology for use by others.
The use license extends to those customers of BellSouth with respect to
products and services supplied by BellSouth.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
T-NETIX, Inc.
DATE: February 26, 1997 BY: /s/ Thomas J. Huzjak
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Thomas J. Huzjak, President
and Chief Executive Officer
