-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I8ZGtK6QWv+wOQq3jLzKLQbIGyI6MNNzOPFhITqVtAAep6IqiC5kNHnUC6VMqJe3 VXWDZl+Sa8l1UPdh9d6lRA== /in/edgar/work/0001104659-00-000594/0001104659-00-000594.txt : 20001016 0001104659-00-000594.hdr.sgml : 20001016 ACCESSION NUMBER: 0001104659-00-000594 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001006 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20001013 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL INFORMATION CONSORTIUM CENTRAL INDEX KEY: 0001065332 STANDARD INDUSTRIAL CLASSIFICATION: [7389 ] IRS NUMBER: 522077581 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-26621 FILM NUMBER: 739632 BUSINESS ADDRESS: STREET 1: 12 CORPORATE WOODS 10975 BENSON STREET STREET 2: SUITE 390 CITY: OVERLAND PARK STATE: KS ZIP: 66210 MAIL ADDRESS: STREET 1: 12 CORPORATE WOODS 10975 BENSON STREET STREET 2: SUITE 390 CITY: OVERLAND PARK STATE: KS ZIP: 66210 FORMER COMPANY: FORMER CONFORMED NAME: NATIONAL INFORMATION CONSORTIUM INC DATE OF NAME CHANGE: 19990504 8-K 1 0001.txt CURRENT REPORT 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): October 6, 2000 --------------- NATIONAL INFORMATION CONSORTIUM, INC. ------------------------------------- (Exact name of registrant as specified in its charter) Colorado 000-26621 52-2077581 -------- --------- ---------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation or organization) File Number) Identification No.) 12 Corporate Woods 10975 Benson Street, Suite 390, Overland Park, Kansas 66210 ----------------------------------------------------------- (Address of principal executive offices, including zip code) (877) 234-EGOV -------------- (Registrant's telephone number, including area code) N/A --- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS On October 6, 2000, National Information Consortium, Inc., a Colorado corporation (the "Company"), issued a press release, filed as Exhibit 99.1 to this report, announcing that the Company has completed the restructuring of its eGovernment market and product development operations. The Company stated that it had refined its 2001 outlook and projects that it will likely not generate positive EBITDA until 2002 because of its investments in local portals, its AOL/Government Guide partnership and continued market and core technology development across its eGovernment businesses. ITEM 7. EXHIBITS 99.1 - Press Release of National Information Consortium dated October 6, 2000. 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. NATIONAL INFORMATION CONSORTIUM, INC. By:/S/ Kevin C. Childress --------------------------------- Name: Kevin C. Childress Title: Chief Financial Officer Date: October 13, 2000 EX-99.1 2 0002.txt NEWS RELEASE NIC NEWS RELEASE The eGovernment Company FOR IMMEDIATE RELEASE Contact: Steve Kovzan VP - Financial Operations 913-498-3468 stevek@nicusa.com ----------------- NIC REFINES OUTLOOK Company completes restructuring and communicates investment plans for 2001 OVERLAND PARK, Kan. - (October 6, 2000) - NIC (Nasdaq: EGOV), the world's leading eGovernment solutions provider, today announced it has completed the restructuring of its eGovernment market and product development operations. The company also stated that it has refined its 2001 outlook and projects it will likely not generate positive EBITDA until 2002 because of investments in local portals, its AOL/Government Guide partnership, and continued market and core technology development across its eGovernment businesses. Jim Dodd, NIC's President & CEO said, "Our opinion at the time of our restructuring announcement was that targeted cost cuts could keep us on a long-standing plan for 2001 positive EBITDA generation and allow us to pursue our most promising expansion initiatives. We were wrong. We have completed new business plans for NIC Commerce and NIC Technologies that envision these operations as providing the core technology and deployment base for eGovernment partnerships and installations around the world. The cost of repositioning these businesses, coupled with our commitment to developing long-term, higher margin recurring revenue bases in additional states, local markets, and cross-governmental portals such as Government Guide, will push positive EBITDA generation to 2002." "We are extremely disappointed with our recent business forecasting misses, and have taken steps to assure the timeliness and reliability of guidance going forward," stated Dodd. "This more conservative guidance following our restructuring is the first step in that direction." The company stated its cash position remains very strong and is sufficient to fund each of its major growth initiatives through to profitability. ABOUT NIC NIC is the world's most experienced eGovernment solutions provider, dedicated to positively transforming the relationships among citizens, businesses and government. Through federal, state, local and global government partnerships, NIC manages millions of transactions and hundreds of applications that are accessible to more than 160 million people worldwide. For more information, visit NIC at www.nicusa.com. Special Note: The statements in this release regarding continued implementation of NIC's business model and its development of new products and services are forward-looking statements. There are a number of important factors that could cause actual results to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, the success of the Company in signing contracts with new states and government agencies, including continued favorable government legislation; NIC's ability to develop new services; existing states and agencies adopting those new services; acceptance of eGovernment solutions by businesses and citizens; competition; and general economic conditions and the other important cautionary statements and risk factors described in NIC's Annual Report on Form 10-K filed on March 10, 2000 with the Securities and Exchange Commission and in the Company's most recent quarterly report on Form 10-Q filed with the SEC. -----END PRIVACY-ENHANCED MESSAGE-----