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Quotes & Info
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| ARTD.OB > SEC Filings for ARTD.OB > Form 8-K on 5-Aug-2009 | All Recent SEC Filings |
5-Aug-2009
Other Events, Financial Statements and Exhibits
ARTISTdirect, Inc. (OTCBB: ARTD), a digital Internet media company, today announced that it has filed a Form 15 with the United States Securities and Exchange Commission ("SEC") to suspend the Company's SEC reporting obligations. Upon the filing of the Form 15, the Company's obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q and 8-K, will be immediately suspended. The Company expects the registration of its common stock will be terminated 90 days after such filing. Upon termination of the registration of the Company's common stock, the Company's securities will not be eligible for trading on any national exchange or the OTC Bulletin Board; however, the Company's securities may be eligible for quotation on the Pink Sheets by broker dealers.
The Company's Board of Directors approved the filing of the Form 15 after careful consideration of the advantages and disadvantages of continuing the Company's SEC reporting obligations. Suspending the SEC reporting obligations will allow the Company to eliminate the substantial expenses associated with SEC reporting and compliance and reallocate those resources to support business operations, while also enabling management to focus more of its time and efforts on managing and developing the business and enhancing shareholder value.
A copy of our press release dated August 5, 2009, regarding the termination of registration is included as an exhibit to this report.
(b) Exhibits 99.1 Press Release date August 5, 2009, issued by ARTISTdirect, Inc. |
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