-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HdU5kJJEsp/ajFVEzpQwdHv9uWC300ug5Jw0g7s4GB7m3lkEAQPKYi8ukmKPzG+r 8i7qIOvWiDmqYLPNtn177w== 0001144204-09-054432.txt : 20091023 0001144204-09-054432.hdr.sgml : 20091023 20091023164559 ACCESSION NUMBER: 0001144204-09-054432 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091022 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events FILED AS OF DATE: 20091023 DATE AS OF CHANGE: 20091023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSGI SECURITY SOLUTIONS, INC CENTRAL INDEX KEY: 0000014280 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 880085608 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01768 FILM NUMBER: 091134954 BUSINESS ADDRESS: STREET 1: 575 MADISON AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 917-339-7134 MAIL ADDRESS: STREET 1: 575 MADISON AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: MEDIA SERVICES GROUP INC DATE OF NAME CHANGE: 20041202 FORMER COMPANY: FORMER CONFORMED NAME: MEDIA SERVICE GROUP INC DATE OF NAME CHANGE: 20040408 FORMER COMPANY: FORMER CONFORMED NAME: MKTG SERVICES INC DATE OF NAME CHANGE: 20020403 8-K 1 v163616_8k.htm
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 8-K
 
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report: October 22, 2009
 
MSGI SECURITY SOLUTIONS, INC.
(Exact name of Registrant as specified in charter)  
 
Nevada
 0-16730
 88-0085608
(State or other jurisdiction of
 (Commission File No.)
  (I.R.S. Employer
incorporation)
  
 Identification No.)
 
575 Madison Avenue
New York, New York 10022
(Address of Principal Executive Offices)
 
212-605-0245
(Registrant's telephone number, including area code)
 
 
 
Item 1.01. Entry into a Material Definitive Agreement
 
Item 8.01. Other Events
 
On October 22, 2009 MSGI Security Solutions, Inc. (“MSGI” or the “Company”) entered into a Forbearance Agreement with certain lenders. The lenders currently hold securities purchase agreements dated December 13, 2006, May 21, 2007, January 10, 2008 and August 22, 2008 pursuant to which the company issued to each purchaser 8% senior secured convertible notes and 6% senior secured convertible notes.
 
Under the terms of the Forbearance Agreement, the lenders have agreed to forbear from exercising any rights and remedies, which they may hold with respect to any instance or event of default, which may have occurred under the terms of the various debt instruments. The term of this Forbearance Agreement extends until December 15, 2009.
 
Item 9.01. Financial Statements and Exhibits
 
(a) N/A
(b) N/A
(c) N/A
(d) N/A
 
 
 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. 
 
 
MSGI SECURITY SOLUTIONS, INC.
  
       
Date: October 23, 2009
By:
/s/ Richard J. Mitchell III  
   
Name: Richard J. Mitchell III, Chief Accounting Officer
  
 
 
 
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