1 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 o f 1934 SEPTEMBER 30, 2000 Date of Report (Date of earliest event reported) NETWORK SYSTEMS INTERNATIONAL, INC. ----------------------------------- (Exact name of registrant as specified in its charter) NEVADA 0-22991 87-0460247 ------ ------- ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 6413 CONGRESS AVENUE, SUITE 230, BOCA RATON, FL 33487 ----------------------------------------------------- (Address of principal executive offices) (561) 988-2334 -------------- Registrant's telephone number 200 NORTH ELM STREET, GREENSBORO, NORTH CAROLINA 27401 ------------------------------------------------------ Former address 2 ITEM 1. CHANGES IN CONTROL OF REGISTRANT. Not Applicable. ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS Effective September 30, 2000, Network Systems International, Inc. ("NSII") exercised their option to require Robbie M. Efird, E.W. Miller, Jr., David F. Christian and James W. Moseley, (collectively referred to as "Buyer") to purchase for Three Million Dollars ($3,000,000) all of their interest in their two operating subsidiaries, Vercom Software, Inc., a Texas corporation, and Network Systems International of North Carolina, Inc., a North Carolina corporation. The purchase price consists of One Million Five Hundred Thousand Dollars ($1,500,000) in cash, which was received at closing, and secured, non-recourse promissory notes in the aggregate amount of $1,500,000. The collateral for the notes consists of 2,925,856 shares of the common stock of NSII. The notes are payable in full, without interest, within 120 days. ITEM 3. BANKRUPTCY OR RECEIVERSHIP Not Applicable. ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT Not Applicable. ITEM 5. OTHER EVENTS Not Applicable. ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS Not Applicable. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS No financial statements are filed herewith. The Registrant shall file financial statements by amendment hereto not later than 60 days after the date that this initial report on Form 8-K must be filed. ITEM 8. CHANGE IN FISCAL YEAR Not Applicable. 3 ITEM 9. SALE OF EQUITY SECRUITIES PURSUANT TO REGULATION S Not Applicable. EXHIBITS Not Applicable. 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. NETWORK SYSTEMS INTERNATIONAL, INC. BY/S/ HERBERT TABIN, PRESIDENT DATE: OCTOBER 16, 2000