NT 10-K 1 f12b25.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SEC FILE NUMBER 1-8232 FORM 12B-25 CUSIP NUMBER 628735-20-1 NOTIFICATION OF LATE FILING (Check one): [X] Form 10-K & Form 10-KSB [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q & Form 10-QSB [ ] Form N-SAR For Period Ended: June 30, 2001 --------------- [ ] Transition Report on Form 10-K [ ] Transition Report on Form 20-F [ ] Transition Report on Form 11-K [ ] Transition Report on Form 10-Q [ ] Transition Report on Form N-SAR For the Transition Period Ended: ---------------------- Read Instructions (on back page) Before Preparing Form. Please Print or Type Nothing in this form shall be construed to imply that the Commission has verified any information contained herein. If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: ------------------------------------------------------------------------------ PART I - REGISTRANT INFORMATION ------------------------------------------------------------------------------ Full Name of Registrant NBI, Inc. ------------------------------------------------------------------------------ Former Name if Applicable N/A ------------------------------------------------------------------------------ Address of Principal Executive Office (Street and Number) 850 23rd Avenue, Suite D ------------------------------------------------------------------------------ City, State and Zip Code Longmont, CO 80501 ------------------------------------------------------------------------------ PART II - RULES 12B-25(B) AND (C) ------------------------------------------------------------------------------ If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate) (a) The reasons described in detail in Part III of this form could not be eliminated without unreasonable effort or expense; (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the pre- [X] scribed due date; or the subject quarterly report or transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. ------------------------------------------------------------------------------ PART III - NARRATIVE ------------------------------------------------------------------------------ State below in reasonable detail the reasons why the Form 10-K and Form 10-KSB, 20-F, 11-K, 10-Q and 10-QSB, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period. (ATTACH EXTRA SHEETS IF NEEDED.) The Company has had to devote a significant amount of time researching various accounting issues arising from its year-end audit. The Company is filing its Form 10-KSB simultaneously with this form of extension. ------------------------------------------------------------------------------ PART IV - OTHER INFORMATION ------------------------------------------------------------------------------ (1) Name and telephone number of person to contact in regard to this notification: Marjorie Cogan (303) 684-2700 --------------- ----------- ------------------ (Name) (Area Code) (Telephone Number) (2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months (or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). [X] Yes [ ] No (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [X] Yes [ ] No If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. The Company reported a net loss of $970,000 in fiscal 2001, compared to net income of $565,000 in fiscal 2000. During fiscal 2001, the Company experienced a significant decline in revenues, resulting from the downturn in the economy, coupled with higher costs and expenses including a substantial increase in natural gas costs. ============================================================================== NBI, Inc. -------------------------------------------- (Name of Registrant as Specified in Charter) has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 1, 2001 By: /s/ Marjorie A. Cogan ----------------- ------------------------ Marjorie A. Cogan Chief Financial Officer INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form. ATTENTION INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).