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U.S. 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
February 28, 2000
Date of Report (Date of earliest event reported)
Commission file number: 0-27556
YOUTHSTREAM MEDIA NETWORKS, INC.
(Name of Small Business Issuer in Its Charter)
Delaware 13-4082185
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation of Organization)
529 Fifth Avenue, New York, New York 10017
(Address of Principal Executive Offices) (Zip code)
212-622-7300
(Issuer's Telephone Number, Including Area Code)
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Item 5. Other Events
Description of Common Stock:
The Company is authorized to issue 100,000,000 shares of common stock, par
value $.01 per share ("Common Stock"). The holders of Common Stock are entitled
to one vote for each share held of record on all matters to be voted on by the
stockholders. The board of directors of the Company is divided into three
classes with staggered three-year terms allowing holders of Common Stock the
ability to vote for only one class of directors each year. Elections for
directors are decided by a plurality of the votes cast at a meeting of
stockholders by the holders of Common Stock entitled to vote in the election.
The approval of the holders of at least 80% of the outstanding shares of Common
Stock is necessary to amend or repeal any By-Law of the Company and amend or
repeal the provisions of the Company's Certificate of Incorporation relating to
the classification of the board of directors and the inability of the
stockholders to act by written consent in lieu of a meeting. Other corporate
action to be taken by stockholder vote may be authorized by a majority of the
votes cast by the holders of Common Stock at a meeting of stockholders. The
holders of Common Stock are entitled to receive ratably such dividends when, as
and if declared by the board of directors out of funds legally available
therefor. In the event of liquidation, dissolution or winding up of the Company,
the holders of Common Stock are entitled to share ratably in all assets
remaining which are available for distribution to them after payment of
liabilities and after provision has been made for each class of stock, if any,
having preference over the Common Stock. Holders of shares of Common Stock, as
such, have no conversion, preemptive or other subscription rights, and there are
no redemption provisions applicable to the Common Stock. All the outstanding
shares of Common Stock are fully paid and nonassessable.
Item 7. Financial Statements and Exhibits.
None.
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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, thereunto duly authorized.
DATE: March 2, 2000 YouthStream Media Networks, Inc.
By: /s/ Harlan D. Peltz
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Harlan D. Peltz
Chairman of the Board
Chief Executive Officer
