-----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, I6r6cUKnd+D8T54ZgDs96F/q/aEmlKCQE94zBVjAvxmUba2chFvV6YAe8QMyckt0 7yZts15GTTzcmG/fy7GRMg== 0001144204-06-016812.txt : 20060426 0001144204-06-016812.hdr.sgml : 20060426 20060426115542 ACCESSION NUMBER: 0001144204-06-016812 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060426 ITEM INFORMATION: Other Events FILED AS OF DATE: 20060426 DATE AS OF CHANGE: 20060426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DESTINY MEDIA TECHNOLOGIES INC CENTRAL INDEX KEY: 0001099369 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 841516745 STATE OF INCORPORATION: CO FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28259 FILM NUMBER: 06780218 BUSINESS ADDRESS: STREET 1: 1055 WEST HASTINGS STREET STREET 2: SUITE 1040 CITY: VANCOUVER STATE: A1 ZIP: V6E 2E9 BUSINESS PHONE: 6046097736 MAIL ADDRESS: STREET 1: 1055 WEST HASTINGS STREET STREET 2: STE 1040 CITY: VANCOUVER STATE: A1 ZIP: V6E 2E9 8-K 1 v041365.htm Unassociated Document
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) April 26, 2006

DESTINY MEDIA TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)

Colorado
(State or other jurisdiction of incorporation)

0-028259
(Commission File Number)

84-1516745
(IRS Employer Identification No.)

Suite 1040 - 1055 West Hastings Street
Vancouver, British Columbia V6E 2E9 Canada
(Address of principal executive offices and Zip Code)

604.609.7736
Registrant’s telephone number, including area code

Not Applicable
(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))

 
 

 
 
 

 
 
 
On September 14, 2004, a statement of claim was filed against the Company (Destiny Media Technologies Inc.) and its wholly owned subsidiary for fees and accrued interest relating to legal services provided in connection with a failed transaction in 2001 and other general corporate matters.
 
On April 18, 2006, the parties agreed to settle the outstanding dispute and enter into a mutual release. A consent dismissal order without costs will be filed with the court registry. As consideration for settlement, a wholly owned subsidiary of the Company (Destiny Software Productions, Inc.) will pay a total of $90,000 CDN (approximately $79,600 USD) to the plaintiff over a period of 14 months ending July 1, 2007.
 
The Company had previously recorded an amount payable of approximately $118,000 CDN ($104,300 USD) and included this amount in its account payable in the interim financial statements for the period ending February 28, 2006 and as further described in note 8(b) and 8(d) in the notes to the consolidated financial statements."
 


 
 
 

 


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.

 
 
DESTINY MEDIA TECHNOLOGIES INC.  
 
 
 
 
 
By: /s/ Steve Vestergaard
 
___________________________
Steve Vestergaard
 
President and CEO
Date: April 26, 2006
 

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