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ARTD.OB > SEC Filings for ARTD.OB > Form 8-K on 15-Jan-2009All Recent SEC Filings

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Form 8-K for ARTISTDIRECT INC


15-Jan-2009

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01. Entry into a Material Definitive Agreement

Effective January 13, 2009, each of Randy Saaf and Octavio Herrera (each, an "Executive") entered into separate amendments (collectively, the "Amendments") to their respective Employment, Confidentiality and Noncompetition Agreements (collectively, the "Employment Agreements") dated as of July 28, 2005 with MediaDefender, Inc., the Company's wholly owned subsidiary (the "Subsidiary"). Under each of the Amendments, commencing January 1, 2009 the term of employment between each Executive and the Subsidiary is now at-will, and either the Subsidiary or the Executive may terminate the applicable Employment Agreement upon five days' written notice, in which case such Executive shall have a period of 60 days from the effective date of termination to exercise all vested stock options.



Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number                                  Title
10.1             Amendment No. 1 to Employment, Confidentiality and Noncompetition
                 Agreement dated as of December 23, 2008 between the Company and
                 Randy Saaf
10.2             Amendment No. 1 to Employment, Confidentiality and Noncompetition
                 Agreement dated as of December 23, 2008 between the Company and
                 Octavio Herrera


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