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 and Exchange Act of 1934 Date of Report: July 23, 1998 NETWORK SYSTEMS INTERNATIONAL, INC. (Exact Name of Registrant as Specified in its Charter) Nevada 0-22991 87-0460247 (State or other jurisdiction (Commission File (I.R.S. Employer of incorporation or Number) Identification organization) Number) 200 North Elm Street, Greensboro, North Carolina 27401 (Address of principal executive officer) (Zip Code) (336) 271-8400 (Registrants telephone number, including area code) Item 5. Other Events. Network Systems International, Inc. (the "Company") issued a press release through PR Newswire on July 9, 1998 announcing that the Company had received notification from NASDAQ that its application for listing on NASDAQ Small Cap had been approved. Network began trading on NASDAQ effective July 10, 1998 under its symbol NESI. Additionally, Network issued a press release through PR Newswire on July 14, 1998 announcing it had terminated its merger negotiations with Innovative Control Concepts, Inc. Reference is made to the press releases filed as Exhibit 99 hereto. SIGNATURE 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. NETWORK SYSTEMS INTERNATIONAL, INC. (Registrant) By: /s/ William C. Ray William C. Ray, Vice President / Secretary Date: July 23, 1998 INDEX Exhibit (99) Press Releases dated July 9, 1998 and July 14, 1998