8-K 1 d8k.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 29, 2007

 


Autobytel Inc.

(Exact name of registrant as specified in its charter)

 


 

Delaware   0-22239   33-0711569

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS Employer

Identification No.)

 

18872 MacArthur Boulevard, Irvine, California   92612-1400
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (949) 225-4500

(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:

 

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

 

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

 

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

 

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

 



Item 1.01 Entry into a Material Definitive Agreement

On June 29, 2007, the Company, Retention Performance Marketing, Inc., its wholly owned subsidiary (“RPMI”), and Call Command, Inc. entered into a Stock Purchase Agreement to sell the Company’s retention performance marketing business for approximately $7.6 million, subject to a working capital adjustment. The transaction closed effective June 30, 2007. In connection with the transaction, the Company agreed to provide certain transition services to RPMI and agreed to certain non-competition and non-solicitation obligations.

A copy of the Stock Purchase Agreement is attached hereto as Exhibit 10.1 and incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.1 Stock Purchase Agreement, dated as of June 29, 2007, between the Company, Retention Performance Marketing, Inc. and Call Command, Inc.

99.1 Press Release, dated July 2, 2007.


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.

 

Autobytel Inc.
By:  

/s/ Ariel Amir

  Ariel Amir, Executive Vice President
  and Chief Legal and Administrative Officer

Date: July 5, 2007


INDEX TO EXHIBITS

 

Exhibit
Number

  

Description

10.1

   Stock Purchase Agreement, dated as of June 29, 2007, between the Company, retention Performance Marketing, Inc. and Call Command, Inc.

99.1

   Press Release, dated July 2, 2007