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): February 22, 2002
MONSTERDAATA, INC.
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(Exact name of registrant as specified in its charter)
Delaware 33-1599 22-2732163
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
32 East 31st Street, 9th Floor, New York, New York 10016
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 447-2000
CURRENT REPORT ON FORM 8-K
MONSTERDAATA, INC.
February 22, 2002
Item 5. Other Events
On February 22, 2002, MonsterDaata, Inc. and First American Real Estate
Solutions, L.P. (FARES), the principal supplier of MonsterDaata's real estate
data, entered into a Settlement Agreement, dated February 22, 2002,
resolving all disputes under their License Agreement, dated May 1, 2000.
Pursuant to the Settlement Agreement, in exchange for FARES forgiving all
accounts receivable then owing it by MonsterDaata and releasing MonsterDaata
from all remaining obligations under the License Agreement, MonsterDaata
assigned to FARES certain computer equipment and eight customer contracts with
regard to MonsterDaata's multiple listing service and MapTracker legacy
products. As consideration for MonsterDaata's promises under the Settlement
Agreement, FARES paid to MonsterDaata the sum of $425,000. MonsterDaata agreed
not to solicit for a period of five years the customers whose contracts were
assigned to FARES for similar services.
In addition, MonsterDaata entered into a new License Agreement with FARES
under which FARES will supply real estate data to MonsterDaata for two years
without charge. The terms of the Settlement Agreement were determined as a
result of arm's-length negotiations between the parties.
The Settlement Agreement is filed as Exhibit 10.1 to this Current Report
on Form 8-K. Any description of the Settlement Agreement contained herein is
qualified in its entirety by reference to such Exhibit.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Businesses Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
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(c) Exhibits.
10.1 Settlement Agreement, dated February 22, 2002, by and
between MonsterDaata and First American Real Estate Solutions,
L.P.
99.1 Press Release issued by MonsterDaata on March 11, 2002.
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.
MONSTERDAATA, INC.
Dated: April 16, 2002 By:/s/ Harold S. Blue
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Harold S. Blue
Vice Chairman of the Board
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EXHIBIT INDEX
Exhibit Number
10.1 Settlement Agreement, dated February 22, 2002, by and
between MonsterDaata and First American Real Estate Solutions,
L.P.
99.1 Press Release issued by MonsterDaata on March 11, 2002.
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