<PAGE>
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)
June 26, 2000
YOUBET.COM, INC.
(Exact Name of Registrant as specified in Charter)
Delaware 33-13789LA 95-4627253
--------------------------------------------------------------------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
1950 Sawtelle Boulevard, Suite 180, Los Angeles, California 90025
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(310) 444-3300
--------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
--------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. OTHER EVENTS
On May 25 and June 1, 2000, Youbet.com bought back and retired an aggregate
of approximately $17.3 million or 46% of its senior convertible debt at a cost
of approximately $9.9 million, which will result in a gain of approximately $6.9
million to be recognized in Youbet.com's second quarter ended June 30, 2000.
Attached as EXHIBIT 99.1 hereto and incorporated herein by reference is a
copy of Youbet.com's press release issued on May 24, 2000.
ITEM 7. EXHIBITS
Exhibit Number Description of Document
-------------- -----------------------
99.1 Press release dated May 24, 2000
2
<PAGE>
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 hereunto duly authorized.
Date: June 23, 2000 YOUBET.COM, INC.,
(Registrant)
By: /s/ Phillip C. Hermann
----------------------------------
Phillip C. Hermann
Executive Vice President and Chief
Financial Officer
3
