-----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, PPEgaA/gBXGwGdmJzJTwbUS7Ak6S0m+8EUZKbc8vO8sjLN9X8p3SahOvlaklv7Av rJEigIyrkWERj6P1eYXEtA== 0000922423-06-001224.txt : 20060921 0000922423-06-001224.hdr.sgml : 20060921 20060921164530 ACCESSION NUMBER: 0000922423-06-001224 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060915 ITEM INFORMATION: Other Events FILED AS OF DATE: 20060921 DATE AS OF CHANGE: 20060921 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DYNABAZAAR INC CENTRAL INDEX KEY: 0001053676 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 043351937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29423 FILM NUMBER: 061102519 BUSINESS ADDRESS: STREET 1: 888 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-974-5730 MAIL ADDRESS: STREET 1: 888 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: FAIRMARKET INC DATE OF NAME CHANGE: 19991209 8-K 1 kl09027.htm FORM 8K CURRENT REPORT Form 8K Current Report

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):
September 15, 2006
 
DYNABAZAAR, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
DELAWARE
(STATE OR OTHER JURISDICTION OF INCORPORATION)
 
000-29423
(COMMISSION FILE NUMBER)
04-3551937
(I.R.S. EMPLOYER IDENTIFICATION NO.)

888 Seventh Avenue
New York, New York 10019
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

(212) 974-5730
(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)
 


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 (see General Instruction A.2. below):

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

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

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

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






Item 8.01. Other Events.
 
Costar Video Systems, LLC (“Costar”), a subsidiary of Dynabazaar, Inc. ("Dynabazaar"), entered into a strategic alliance agreement (the "Strategic Alliance Agreement") with Sielox, LLC (“Sielox”), a subsidiary of L Q Corporation, Inc., ("L Q Corporation") dated as of September 15, 2006, pursuant to which the companies have agreed to explore mutually beneficial opportunities to work together, including, without limitation, through a joint venture, joint sales or joint marketing arrangement, or other business arrangement or strategic alliance.

Costar designs, sources and distributes video and imaging products for the security and industrial markets. Sielox engages in the development, design and distribution of open architecture access control software, programmable controllers, readers and identity cards used to provide access control security to end users such as office buildings, factories, universities and hospitals.

Costar and Sielox are also parties to a distribution agreement, dated July 31, 2006 (the "Distribution Agreement"), pursuant to which Sielox was appointed as an authorized distributor of certain products of Costar.

Barington Capital Group, L.P. (“Barington”) and a group of other investors which have joined with Barington in the filing of a statement on Schedule 13D, collectively own greater than 10% of the outstanding common stock of both Dynabazaar and L Q Corporation. James A. Mitarotonda, who serves as a director, President and Chief Executive Officer of Dynabazaar, is Chairman, President and Chief Executive Officer of a corporation that is the general partner of Barington. Mr. Mitarotonda also currently serves as a director of L Q Corporation. Sebastian E. Cassetta, who serves as the Chief Executive Officer of Costar, is a Senior Managing Director and the Chief Operating Officer of Barington. Mr. Cassetta is also a director, President and Chief Executive Officer of L Q Corporation. Barington is party to separate administrative services agreements with Dynabazaar and L Q Corporation, pursuant to which Barington performs certain administrative, accounting and other services on behalf of each company.

The board of directors of Dynabazaar, including each director independent of Barington, approved the execution and delivery of the Strategic Alliance Agreement on behalf of Dynabazaar.
 
 

 



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.

                 DYNABAZAAR, INC.


Dated: September 21, 2006                       By: /s/ James A. Mitarotonda                            
                                        James A. Mitarotonda
                President and Chief Executive Officer
 
 
 
 
 
 
 
 
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