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| DMD > SEC Filings for DMD > Form 8-K on 24-Aug-2012 | All Recent SEC Filings |
24-Aug-2012
Entry into a Material Definitive Agreement
On August 24, 2012, Demand Media, Inc. (the "Company") entered into a Waiver of Registration Rights and Amendment to Stockholders' Agreement (the "Waiver and Amendment") to its Third Amended and Restated Stockholders' Agreement, dated March 3, 2008, by and among the Company and certain stockholders party thereto (the "Agreement"), as amended by Amendment No. 1 to Third Amended and Restated Stockholders' Agreement, dated October 21, 2010 ("Amendment No. 1").
Pursuant to the Waiver and Amendment, certain holders of the Company's common stock, par value $0.0001 per share ("Common Stock"), waived on behalf of all stockholders party to the Agreement certain "piggyback" registration rights thereunder related to the inclusion of their shares of Common Stock in the shelf registration statement on Form S-3 (the "Registration Statement") filed by the Company under the Securities Act of 1933, as amended, on August 24, 2012. In exchange therefor, such holders will be entitled to certain amended "piggyback" registration rights allowing them to include their shares of Common Stock in an underwritten public offering of shares of Common Stock covered by the Registration Statement (subject to limitations that the underwriters may impose on the number of shares included in such underwritten offering) that is both approved by the Company's board of directors and consummated on or prior to the twelve month anniversary of the effective date of the Registration Statement. Such amended "piggyback" registration rights will cease to apply from and after the date that all shares of Common Stock held by such holders have been sold. In addition, the Waiver and Amendment provides that future amendments to the Agreement will require the consent of the Company and holders of at least 55% of shares of Common Stock having registration rights under the Agreement. Item 7.01. Regulation FD Disclosure.
On August 24, 2012, the Company issued a press release announcing that it has
filed a shelf registration statement on Form S-3 with the Securities and
Exchange Commission. A copy of the Company's press release is furnished with
this Form 8-K and attached hereto as Exhibit 99.1. The information in Exhibit
99.1 shall not be deemed "filed" for purposes of Section 18 of the Exchange Act
and shall not be deemed incorporated by reference into any filing under the
Securities Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Demand Media, Inc. Press Release dated August 24, 2012.
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