UNITED STATES

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):  May 31, 2007

 

ARTISTdirect, Inc.

(Exact name of registrant as specified in its charter)

Delaware

000-30063

95-4760230

(State or other jurisdiction of
incorporation or organization)

(Commission File Number)

(I.R.S. Employer
Identification Number)

 

 

 

 

 

 

 

1601 Cloverfield Boulevard, Suite 400 South

 

 

Santa Monica, California

 

90404-4082

(Address of principal executive offices)

 

(Zip Code)

 

(310) 956-3300

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 




Item 8.01.              Other Events.

On May 31, 2007, ARTISTdirect, Inc. (the “Registrant”) exercised its right to extend the Forbearance Period, a defined term in the Forbearance and Consent Agreement dated April 17, 2007 (the “Agreement”), under the Agreement between the Registrant, U.S. Bank National Association, as Collateral Agent, JMB Capital Partners, L.P., JMG Capital Partners, L.P., JMG Triton Offshore Fund, Ltd., and CCM Master Qualified Fund, Ltd. (the “Agreement”) previously disclosed in a Current Report on Form 8-K filed by the Registrant on April 20, 2007.  Under the terms of the Agreement, the Forbearance Period was extended through June 30, 2007 in exchange for a cash payment of $125,000 by the Registrant.  The amount of such payment will be credited against the registration delay cash penalties or any other amounts ultimately determined to be due the senior lenders.

Item 9.01.              Financial Statements and Exhibits.

(d) Exhibits:

A list of exhibits required to be filed as part of this Current Report on Form 8-K is set forth under the “Index to Exhibits”, which is set forth below and is incorporated herein by reference.

2




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

ARTISTdirect, Inc.

 

 

 

Registrant

 

 

 

 

 

 

 

Date:       June 4, 2007

 

By:

/s/ ROBERT N. WEINGARTEN

 

 

 

 

 

 

 

 

Name:

Robert N. Weingarten

 

 

Title:

Chief Financial Officer

 




INDEX TO EXHIBITS

Exhibit Number

 

Title

 

 

 

99.1

 

Notice of Extension of Forbearance Period dated May 31, 2007 to U.S. Bank National Association, as Collateral Agent, by JMB Capital Partners, L.P., JMG Capital Partners, L.P., JMG Triton Offshore Fund, Ltd., and CCM Master Qualified Fund, Ltd.