-----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, DIFaa8Ag1qy4D/IMS0Od25iOevzmurGzbn4rJtwMWFQNbZYKVExqAJcnUOD+uNps GT+wDZgy7b1hiVbPHQ1hGQ== 0000950123-09-018096.txt : 20090626 0000950123-09-018096.hdr.sgml : 20090626 20090626172654 ACCESSION NUMBER: 0000950123-09-018096 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090626 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090626 DATE AS OF CHANGE: 20090626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTWOOD ONE INC /DE/ CENTRAL INDEX KEY: 0000771950 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 953980449 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14691 FILM NUMBER: 09913916 BUSINESS ADDRESS: STREET 1: 40 WEST 57TH STREET STREET 2: 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2126412063 MAIL ADDRESS: STREET 1: 40 WEST 57TH STREET STREET 2: 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: WESTWOOD ONE DELAWARE INC /CA/ DATE OF NAME CHANGE: 19860408 8-K 1 c87388e8vk.htm FORM 8-K Form 8-K
 
 

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): June 26, 2009

WESTWOOD ONE, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   001-14691   95-3980449
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
40 West 57th Street, 5th Floor, New York, NY
  10019
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (212) 641-2000
 
N/A
(Former name or former address if changed since last report.)

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))

 
 

 

1


 

Item 8.01 Other Events

On June 26, 2009, Westwood One, Inc. adjourned its Special Meeting of Stockholders without taking action on Proposals 1-5 as detailed in the Company’s Notice of Special Meeting of Stockholders to be held on June 26, 2009 and Proxy Statement. The Company adjourned the meeting to provide its stockholders with additional explanatory information regarding certain of the proposals and, if necessary, to file an amended Proxy Statement 14A. The press release regarding this matter is attached hereto as Exhibit 9.01(d); incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

     
Exhibit Number   Description
99.1
  Press Release, dated June 26, 2009

 

2


 

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.
         
  WESTWOOD ONE, INC.
 
 
Date: June 26, 2009  By:   /s/ David Hillman    
    Name:   David Hillman   
    Title:   Chief Administrative Officer;
EVP, Business Affairs;
General Counsel and Secretary 
 
 

 

3


 

Exhibit Index

     
Exhibit Number   Description
99.1
  Press Release, dated June 26, 2009

 

4

EX-99.1 2 c87388exv99w1.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

(LOGO)

WESTWOOD ONE, INC.
ANNOUNCES PLANS TO RECONVENE
SPECIAL MEETING OF STOCKHOLDERS

— The Company Will Provide Supplemental Information on Outstanding Proposals —

New York, NY Friday, June 26, 2009 - Westwood One, Inc. (OTCBB: WWON) announced today that it would reconvene its special meeting of stockholders (“Special Meeting”) held earlier today. The Special Meeting was adjourned to provide the Company’s stockholders with supplemental information concerning the proposals in the Proxy Statement and, if necessary, to file an amendment to the Proxy Statement.

The Company’s stockholders approved adjourning the Special Meeting as to Proposals 1, 2, 3, 4 and 5 as set forth in its proxy statement dated June 4, 2009 (the “Proxy Statement”). The proposals are to (1) amend the Company’s Restated Certificate of Incorporation (the “Certificate of Incorporation”) to increase the number of authorized shares of common stock from 300,000,000 to 5,000,000,000, (2) amend the Certificate of Incorporation to effect a reverse stock split of the Company’s outstanding common stock at a ratio of two hundred to one (200:1), (3) amend the Certificate of Incorporation to define the term “Continuing Directors” that is used but not currently defined in the Certificate of Incorporation, (4) amend the Certificate of Incorporation to delete Article Sixteenth of the Certificate of Incorporation that sets forth higher approval thresholds than those required under the Delaware General Corporation Law with respect to certain amendments of the Certificate of Incorporation, and (5) amend the Certificate of Incorporation to delete the provision in Article Seventeenth relating to Article Sixteenth should the proposal to delete Article Sixteenth as set forth in Proposal 4 be approved.

A motion was approved to adjourn the Special Meeting without taking action on any of the proposals in the Proxy Statement.

The reconvened Special Meeting will be held at such date, time and place as shall be determined by the Company’s Board of Directors and noticed to the stockholders. Only stockholders of record at the close of business on June 3, 2009, the original record date, remain entitled to vote at the reconvened Special Meeting. Valid proxies submitted by the Company’s stockholders prior to the June 26, 2009 meeting will continue to be valid for the purpose of the reconvened meeting unless revoked as provided in the Proxy Statement.

About Westwood One

Westwood One (OTCBB: WWON) is the largest independent provider of network radio programming and the largest provider of traffic information in the U.S. Westwood One serves more than 5,000 radio and TV stations in the U.S. Westwood One provides over 150 news, sports, music, talk and entertainment programs, features and live events to numerous media partners. Through its Metro Traffic division, Westwood One provides traffic reporting and local news, sports and weather to over 2,200 radio and TV stations. Westwood One also provides digital and other cross-platform delivery of its network and Metro content.

Press Contact:
Peter Sessa
Westwood One
(212) 641.2053
peter_sessa@westwoodone.com

 

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