8-K 1 rrd243022.htm FORM 8-K Prepared By R.R. Donnelley Financial -- Form 8-K
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):  05/19/2009
LookSmart, Ltd.
(Exact name of registrant as specified in its charter)
Commission File Number:  000-26357
(State or other jurisdiction of
(IRS Employer
Identification No.)
625 Second Street
San Francisco, CA 94107
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
(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 8.01.    Other Events
On May 19, 2009, Ask Sponsored Listings, a division of IAC Search and Media, notified LookSmart Ltd. (the "Company") that it does not intend to renew the May 2005 AdCenter License, Hosting and Support Agreement (the "Agreement") upon its expiration. The Agreement, as amended, expires by its terms on December 31, 2009.

For the quarter ended March 31, 2009, revenue from Ask Sponsored Listings pursuant to the Agreement represented $1.1 million, or 89%, of the Company's Publisher Solutions revenue.



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.
LookSmart, Ltd.
Date: May 21, 2009
/s/    Stephen Markowski

Stephen Markowski
SVP and Chief Financial Officer