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 28, 1998
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NBI, INC.
(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
(Address of principal executive offices)
Registrant's telephone number, including area code: (303) 684-2700
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Not Applicable
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
Amended Payment Agreement with the Internal Revenue Service ("IRS")
On April 28, 1998, the Company and the IRS entered into an Amended Payment
Agreement, revising the payment terms related to NBI, Inc.'s IRS debt of
$5,278,000. Under the new agreement, $3,500,000 of the IRS debt is due on or
before December 31, 1998 and the remaining $1,778,000 is due on or before
December 31, 1999. Provided no event of default occurs prior to payment of
the debt in full, NBI will not be obligated to pay any past, current or future
interest related to the debt.
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.
NBI, INC.
Dated: April 29, 1998 By: /s/ Marjorie A. Cogan
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Marjorie A. Cogan
As a duly authorized officer
Chief Financial Officer, Secretary